Michael Arthur Henry Acquires 14,500 Shares of Evine Live Inc. (EVLV) Stock
Evine Live Inc. (NASDAQ:EVLV) CMO Michael Arthur Henry acquired 14,500 shares of the stock in a transaction that occurred on Friday, October 14th. The shares were bought at an average price of $2.14 per share, for a total transaction of $31,030.00. Following the purchase, the chief marketing officer now directly owns 52,916 shares of the company’s stock, valued at $113,240.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Evine Live Inc. (NASDAQ:EVLV) opened at 2.06 on Wednesday. The firm’s market cap is $118.11 million. The firm has a 50-day moving average of $2.07 and a 200 day moving average of $1.70. Evine Live Inc. has a 52-week low of $0.41 and a 52-week high of $3.17.
Evine Live (NASDAQ:EVLV) last issued its earnings results on Wednesday, August 24th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. Evine Live had a negative net margin of 1.64% and a negative return on equity of 9.79%. The business had revenue of $157 million for the quarter, compared to analyst estimates of $166.31 million. During the same period in the previous year, the business earned ($0.05) EPS. The firm’s revenue was down 2.5% on a year-over-year basis. On average, equities research analysts forecast that Evine Live Inc. will post ($0.14) earnings per share for the current year.
A number of research firms recently commented on EVLV. B. Riley began coverage on shares of Evine Live in a research note on Monday. They set a “buy” rating and a $3.50 price objective on the stock. Zacks Investment Research lowered shares of Evine Live from a “hold” rating to a “sell” rating in a research note on Monday, October 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $2.81.
Several hedge funds have recently modified their holdings of the stock. Teton Advisors Inc. raised its stake in shares of Evine Live by 4.2% in the second quarter. Teton Advisors Inc. now owns 249,200 shares of the company’s stock valued at $411,000 after buying an additional 10,000 shares during the period. Laurion Capital Management LP purchased a new position in Evine Live during the second quarter worth approximately $249,000. Elk Creek Partners LLC raised its position in Evine Live by 8.8% in the second quarter. Elk Creek Partners LLC now owns 2,150,309 shares of the company’s stock worth $1,800,000 after buying an additional 174,053 shares during the period. Paloma Partners Management Co purchased a new position in Evine Live during the second quarter worth approximately $295,000. Finally, Diker Management LLC purchased a new position in Evine Live during the second quarter worth approximately $638,000. Institutional investors and hedge funds own 44.20% of the company’s stock.
About Evine Live
EVINE Live Inc is a digital commerce company. The Company operates through the digital commerce retailing segment. The Company offers a mix of brands directly to consumers in an engaging and informative shopping experience through television (TV), online and mobile devices. It operates an around the clock television shopping network, EVINE Live, which is distributed primarily on cable and satellite systems, through which the Company offers brand products in the categories of jewelry and watches, home and consumer electronics, beauty, and fashion and accessories.
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