EVINE Live Inc. (EVLV) Trading Up 15.3%
EVINE Live Inc. (NASDAQ:EVLV) shares were up 15.3% during trading on Friday . The company traded as high as $1.48 and last traded at $1.28. Approximately 4,019,300 shares traded hands during mid-day trading, an increase of 1,766% from the average daily volume of 215,347 shares. The stock had previously closed at $1.11.
A number of research analysts recently commented on EVLV shares. B. Riley reissued a “buy” rating and issued a $2.00 price target on shares of EVINE Live in a report on Wednesday, August 16th. ValuEngine downgraded EVINE Live from a “sell” rating to a “strong sell” rating in a report on Thursday, September 7th. DA Davidson started coverage on EVINE Live in a report on Friday, September 22nd. They issued a “buy” rating and a $1.30 price target for the company. Finally, Zacks Investment Research downgraded EVINE Live from a “hold” rating to a “sell” rating in a report on Monday, September 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. EVINE Live presently has a consensus rating of “Hold” and an average target price of $2.10.
The company has a debt-to-equity ratio of 0.96, a current ratio of 2.00 and a quick ratio of 1.27.
EVINE Live (NASDAQ:EVLV) last released its earnings results on Wednesday, August 23rd. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). EVINE Live had a negative return on equity of 8.38% and a negative net margin of 1.08%. The company had revenue of $148.95 million for the quarter, compared to the consensus estimate of $150.75 million. During the same quarter last year, the business posted ($0.03) EPS. EVINE Live’s quarterly revenue was down 5.2% compared to the same quarter last year. analysts anticipate that EVINE Live Inc. will post -0.02 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its holdings in EVINE Live by 71.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock worth $237,000 after buying an additional 98,744 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of EVINE Live during the 3rd quarter worth approximately $251,000. Teton Advisors Inc. raised its position in shares of EVINE Live by 15.7% during the 3rd quarter. Teton Advisors Inc. now owns 369,200 shares of the company’s stock worth $384,000 after purchasing an additional 50,000 shares during the period. Royce & Associates LP raised its position in shares of EVINE Live by 26.7% during the 2nd quarter. Royce & Associates LP now owns 666,393 shares of the company’s stock worth $666,000 after purchasing an additional 140,400 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of EVINE Live by 7.0% during the 1st quarter. Renaissance Technologies LLC now owns 1,164,056 shares of the company’s stock worth $1,490,000 after purchasing an additional 76,100 shares during the period. 34.37% of the stock is currently owned by institutional investors.
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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