Evine Live Inc. (NASDAQ:EVLV) – Equities research analysts at Lake Street Capital cut their FY2017 earnings estimates for shares of Evine Live in a note issued to investors on Tuesday. Lake Street Capital analyst M. Argento now expects that the firm will post earnings of ($0.10) per share for the year, down from their previous forecast of ($0.07).

Evine Live (NASDAQ:EVLV) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.03. The firm earned $152 million during the quarter, compared to analysts’ expectations of $163.79 million. Evine Live had a negative net margin of 1.47% and a negative return on equity of 7.40%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.09) earnings per share.

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

A number of other research firms also recently issued reports on EVLV. Zacks Investment Research downgraded shares of Evine Live from a “buy” rating to a “hold” rating in a research report on Monday, August 22nd. B. Riley reiterated a “buy” rating and issued a $3.50 target price on shares of Evine Live in a research report on Saturday, October 22nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $2.88.

Evine Live (NASDAQ:EVLV) remained flat at $1.70 during trading on Thursday. 486,651 shares of the stock were exchanged. The stock’s 50-day moving average price is $2.04 and its 200-day moving average price is $1.82. Evine Live has a 12 month low of $0.41 and a 12 month high of $2.40. The company’s market cap is $97.47 million.

A number of hedge funds and other institutional investors have recently bought and sold shares of EVLV. Teton Advisors Inc. raised its position in Evine Live by 4.2% in the second quarter. Teton Advisors Inc. now owns 249,200 shares of the company’s stock worth $411,000 after buying an additional 10,000 shares during the last quarter. 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 last quarter. Whalerock Point Partners LLC purchased a new position in Evine Live during the third quarter worth about $106,000. 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 last quarter. Finally, Miracle Mile Advisors LLC purchased a new position in Evine Live during the third quarter worth about $298,000. Institutional investors and hedge funds own 40.15% of the company’s stock.

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

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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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