EVINE Live (EVLV) Given New $1.75 Price Target at B. Riley
EVINE Live (NASDAQ:EVLV) had its price target upped by B. Riley from $1.50 to $1.75 in a research note issued to investors on Thursday morning, Marketbeat.com reports. B. Riley currently has a buy rating on the stock.
Several other analysts have also recently commented on the stock. TheStreet upgraded shares of EVINE Live from a d rating to a c- rating in a research note on Monday, July 23rd. Zacks Investment Research upgraded shares of EVINE Live from a strong sell rating to a hold rating in a research note on Tuesday, May 15th. DA Davidson raised their price objective on shares of EVINE Live from $1.35 to $2.00 and gave the company a buy rating in a research note on Thursday, May 31st. Finally, ValuEngine upgraded shares of EVINE Live from a sell rating to a hold rating in a research note on Saturday, June 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. EVINE Live presently has a consensus rating of Buy and an average target price of $1.81.
Shares of EVLV stock traded up $0.03 during mid-day trading on Thursday, hitting $1.29. The stock had a trading volume of 800 shares, compared to its average volume of 196,503. EVINE Live has a fifty-two week low of $0.76 and a fifty-two week high of $1.74. The stock has a market capitalization of $84.65 million, a PE ratio of -129.00, a price-to-earnings-growth ratio of 86.00 and a beta of 2.53. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.23 and a current ratio of 1.95.
In other EVINE Live news, Director Landel C. Hobbs bought 50,000 shares of the business’s stock in a transaction on Monday, June 18th. The stock was bought at an average price of $1.20 per share, for a total transaction of $60,000.00. Following the completion of the transaction, the director now owns 392,220 shares in the company, valued at approximately $470,664. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have acquired 104,222 shares of company stock valued at $124,824. 6.07% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC raised its position in EVINE Live by 5.0% during the second quarter. Renaissance Technologies LLC now owns 1,945,256 shares of the company’s stock worth $2,393,000 after acquiring an additional 92,100 shares during the last quarter. Boston Partners raised its position in EVINE Live by 6.1% during the first quarter. Boston Partners now owns 1,912,902 shares of the company’s stock worth $1,951,000 after acquiring an additional 109,762 shares during the last quarter. Balter Liquid Alternatives LLC raised its position in EVINE Live by 68.1% during the second quarter. Balter Liquid Alternatives LLC now owns 288,401 shares of the company’s stock worth $369,000 after acquiring an additional 116,836 shares during the last quarter. Deutsche Bank AG acquired a new position in EVINE Live during the fourth quarter worth about $249,000. Finally, Millennium Management LLC grew its holdings in shares of EVINE Live by 338.1% during the fourth quarter. Millennium Management LLC now owns 263,651 shares of the company’s stock worth $369,000 after buying an additional 203,464 shares in the last quarter. Institutional investors own 36.02% of the company’s stock.
About EVINE Live
EVINE Live Inc operates as a multiplatform interactive digital commerce company in the United States. The company markets, sells, and distributes products to consumers through television, online, mobile, and social media in various merchandise categories, such as jewelry and watches, which include silver, gold, and gemstones to simulated diamonds; home and consumer electronics comprising home décor, bed and bath textiles, cookware, kitchen electrics, tabletop accessories, and home furnishings; beauty products, such as skincare, cosmetics, hair care, and bath and body products; and fashion and accessories, including apparel, outerwear, intimates, handbags, accessories, and footwear.
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