EVINE Live (NASDAQ:EVLV) Receiving Positive Media Coverage, Analysis Finds
News headlines about EVINE Live (NASDAQ:EVLV) have trended positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. EVINE Live earned a daily sentiment score of 0.42 on Accern’s scale. Accern also assigned media stories about the company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
- Market Scope: Tracking Shares of EVINE Live Inc. (NASDAQ:EVLV) – Jonesboro Recorder (jonesbororecorder.com)
- Insider Trading Activity EVINE Live Inc. (NASDAQ:EVLV) – Director Bought 50,000 shares of Stock (4-traders.com)
- EVINE Live Inc. (NASDAQ:EVLV) Sees Significantly Lower Trading Volume – Highlight Press (highlightpress.com)
- EVINE Live Inc (EVLV) Reaches Active Mover List – FLBC News – FLBC News (flbcnews.com)
- EVINE Live Inc. (NASDAQ:EVLV) Director Mark Holdsworth Buys 50,000 Shares (americanbankingnews.com)
Shares of EVINE Live (EVLV) traded up 1.89% during mid-day trading on Friday, hitting $1.08. The company had a trading volume of 454,052 shares. The firm’s 50-day moving average price is $1.07 and its 200 day moving average price is $1.25. EVINE Live has a one year low of $0.89 and a one year high of $2.40. The company’s market capitalization is $65.85 million.
EVINE Live (NASDAQ:EVLV) last posted its quarterly earnings data on Tuesday, May 23rd. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.01. EVINE Live had a negative return on equity of 7.89% and a negative net margin of 1.07%. The business had revenue of $156.30 million for the quarter, compared to analyst estimates of $153.59 million. During the same quarter in the prior year, the company earned ($0.09) earnings per share. The company’s quarterly revenue was down 6.4% on a year-over-year basis.
EVLV has been the subject of several recent analyst reports. B. Riley reaffirmed a “buy” rating and issued a $2.00 target price on shares of EVINE Live in a research report on Monday, March 27th. Maxim Group set a $3.00 target price on EVINE Live and gave the stock a “buy” rating in a research report on Tuesday, May 23rd. ValuEngine cut EVINE Live from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research raised EVINE Live from a “sell” rating to a “hold” rating in a research report on Wednesday, May 31st.
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In other news, CEO Robert Rosenblatt bought 86,957 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were bought at an average cost of $1.15 per share, with a total value of $100,000.55. Following the acquisition, the chief executive officer now owns 1,135,884 shares in the company, valued at $1,306,266.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Holdsworth bought 50,000 shares of the company’s stock in a transaction dated Friday, July 14th. The stock was purchased at an average cost of $0.99 per share, for a total transaction of $49,500.00. Following the completion of the acquisition, the director now owns 216,092 shares in the company, valued at approximately $213,931.08. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 163,957 shares of company stock valued at $179,641. Company insiders own 4.15% of the company’s stock.
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.
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