Evine Live Inc. (NASDAQ:EVLV)’s share price fell 12.7% on Tuesday following a dissappointing earnings announcement. The stock traded as low as $1.65 and last traded at $1.86, with a volume of 695,378 shares traded. The stock had previously closed at $2.13.

The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.03. The firm had revenue of $152 million for the quarter, compared to analysts’ expectations of $163.79 million. Evine Live had a negative net margin of 1.64% and a negative return on equity of 9.79%. The firm’s revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.09) EPS.

A number of analysts have commented on the company. B. Riley restated a “buy” rating and issued a $3.50 price target on shares of Evine Live in a research report on Monday. Zacks Investment Research upgraded Evine Live from a “hold” rating to a “strong-buy” rating and set a $2.50 price target for the company in a research report on Thursday, October 27th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $2.88.

In other Evine Live news, CMO Michael Arthur Henry acquired 14,500 shares of the company’s stock in a transaction dated Friday, October 14th. The stock was purchased at an average price of $2.14 per share, with a total value of $31,030.00. Following the completion of the purchase, the chief marketing officer now directly owns 52,916 shares in the company, valued at approximately $113,240.24. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Landel C. Hobbs acquired 45,000 shares of the company’s stock in a transaction dated Monday, September 19th. The stock was acquired at an average cost of $2.21 per share, with a total value of $99,450.00. Following the purchase, the director now owns 132,575 shares of the company’s stock, valued at $292,990.75. The disclosure for this purchase can be found here. 3.49% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in EVLV. Clinton Group Inc. raised its position in Evine Live by 19.1% in the third quarter. Clinton Group Inc. now owns 1,907,642 shares of the company’s stock worth $4,369,000 after buying an additional 306,396 shares during the period. Two Sigma Advisers LP raised its position in Evine Live by 27.9% in the third quarter. Two Sigma Advisers LP now owns 48,200 shares of the company’s stock worth $110,000 after buying an additional 10,500 shares during the period. JPMorgan Chase & Co. raised its position in Evine Live by 3,913.8% in the third quarter. JPMorgan Chase & Co. now owns 52,862 shares of the company’s stock worth $121,000 after buying an additional 51,545 shares during the period. Miracle Mile Advisors LLC acquired a new position in Evine Live during the third quarter worth $298,000. Finally, Cove Street Capital LLC raised its position in Evine Live by 23.9% in the second quarter. Cove Street Capital LLC now owns 6,585,260 shares of the company’s stock worth $10,866,000 after buying an additional 1,270,256 shares during the period. 40.15% of the stock is owned by hedge funds and other institutional investors.

The firm has a 50-day moving average price of $2.06 and a 200-day moving average price of $1.82. The firm’s market capitalization is $106.64 million.

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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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