Evine Live Inc. (NASDAQ:EVLV) – Equities researchers at Feltl & Co. cut their Q4 2017 earnings estimates for Evine Live in a report issued on Wednesday. Feltl & Co. analyst M. Smith now forecasts that the firm will earn $0.01 per share for the quarter, down from their previous estimate of $0.02. Feltl & Co. also issued estimates for Evine Live’s Q4 2018 earnings at $0.02 EPS.

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

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

A number of other equities analysts have also issued reports on EVLV. Zacks Investment Research lowered Evine Live from a “buy” rating to a “hold” rating in a research report on Monday, August 22nd. B. Riley started coverage on Evine Live in a research report on Monday, October 17th. They issued a “buy” rating and a $3.50 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Evine Live presently has an average rating of “Buy” and an average price target of $2.88.

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

In other news, CMO Michael Arthur Henry purchased 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, for a total transaction of $31,030.00. Following the acquisition, the chief marketing officer now owns 52,916 shares of the company’s stock, valued at $113,240.24. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Landel C. Hobbs acquired 45,000 shares of the stock in a transaction that occurred on Monday, September 19th. The shares were bought at an average price of $2.21 per share, with a total value of $99,450.00. Following the completion of the purchase, the director now 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.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Clinton Group Inc. increased its position in shares of 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 last quarter. Two Sigma Advisers LP increased its position in shares of 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. JPMorgan Chase & Co. increased its position in shares of 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. Miracle Mile Advisors LLC bought a new position in shares of Evine Live during the third quarter worth approximately $298,000. Finally, Cove Street Capital LLC increased its position in shares of 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 last quarter. Hedge funds and other institutional investors own 40.15% of the company’s stock.

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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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