Evine Live Inc. (NASDAQ:EVLV) – Equities research analysts at Lake Street Capital lowered their Q4 2017 EPS estimates for Evine Live in a research report issued to clients and investors on Tuesday. Lake Street Capital analyst M. Argento now expects that the firm will earn $0.01 per share for the quarter, down from their previous estimate of $0.02. Lake Street Capital also issued estimates for Evine Live’s FY2018 earnings at $0.04 EPS.

Evine Live (NASDAQ:EVLV) last posted its earnings results on Tuesday, November 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.03. Evine Live had a negative net margin of 1.64% and a negative return on equity of 9.79%. The business had revenue of $152 million for the quarter, compared to analysts’ expectations of $163.79 million. During the same period last year, the firm posted ($0.09) earnings per share. Evine Live’s quarterly revenue was down 6.6% on a year-over-year basis.

Earnings History and Estimates for Evine Live (NASDAQ:EVLV)

A number of other equities analysts have also commented on EVLV. Zacks Investment Research lowered Evine Live from a “hold” rating to a “sell” rating in a research note on Monday, October 10th. B. Riley began coverage on Evine Live in a research note on Monday, October 17th. They set a “buy” rating and a $3.50 price target for the company. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $2.88.

Evine Live (NASDAQ:EVLV) traded down 9.68% during trading on Wednesday, hitting $1.68. The stock had a trading volume of 360,585 shares. Evine Live has a 12 month low of $0.41 and a 12 month high of $2.40. The stock has a 50 day moving average price of $2.05 and a 200-day moving average price of $1.82. The stock’s market cap is $96.32 million.

In related news, CMO Michael Arthur Henry acquired 14,500 shares of the stock in a transaction dated Friday, October 14th. The stock was acquired at an average cost of $2.14 per share, with a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Landel C. Hobbs acquired 45,000 shares of the stock in a transaction dated Monday, September 19th. The stock was bought at an average cost of $2.21 per share, with a total value of $99,450.00. Following the completion of the purchase, the director now directly owns 132,575 shares in the company, valued at $292,990.75. The disclosure for this purchase can be found here. 3.49% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of EVLV. Clinton Group Inc. raised its stake in Evine Live by 19.1% in the third quarter. Clinton Group Inc. now owns 1,907,642 shares of the company’s stock valued at $4,369,000 after buying an additional 306,396 shares during the last quarter. Two Sigma Advisers LP raised its stake in Evine Live by 27.9% in the third quarter. Two Sigma Advisers LP now owns 48,200 shares of the company’s stock valued at $110,000 after buying an additional 10,500 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Evine Live by 3,913.8% in the third quarter. JPMorgan Chase & Co. now owns 52,862 shares of the company’s stock valued at $121,000 after buying an additional 51,545 shares during the last quarter. Miracle Mile Advisors LLC bought a new stake in Evine Live during the third quarter valued at about $298,000. Finally, Cove Street Capital LLC raised its stake 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 valued at $10,866,000 after buying an additional 1,270,256 shares during the last quarter. 40.15% of the stock is owned by institutional investors and hedge funds.

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Evine Live Company Profile

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.

5 Day Chart for NASDAQ:EVLV

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