Zacks Investment Research cut shares of EVINE Live Inc. (NASDAQ:EVLV) from a strong-buy rating to a hold rating in a research note published on Friday, May 12th.
According to Zacks, “EVINE Live Inc. is a digital commerce company. It markets, sells, and distributes products to consumers through ShopHQ, a 24-hour television shopping network; and ShopHQ.com, an e-commerce platform, as well as through the company’s mobile application. The Company is focused on new products and brands in fashion, beauty, jewelry, home and fitness. EVINE Live Inc., formerly known as ValueVision Media, Inc., and is headquartered in Eden Prairie, Minnesota. “
Other research analysts have also recently issued reports about the stock. B. Riley reissued a buy rating and set a $2.00 price objective on shares of EVINE Live in a research note on Monday, March 27th. Maxim Group reissued a buy rating and set a $2.50 price objective on shares of EVINE Live in a research note on Wednesday, March 22nd.
EVINE Live (NASDAQ:EVLV) remained flat at $1.04 during trading on Friday. The stock had a trading volume of 388,287 shares. EVINE Live has a 12-month low of $1.01 and a 12-month high of $2.40. The company’s market cap is $63.41 million. The firm has a 50-day moving average of $1.23 and a 200-day moving average of $1.36.
EVINE Live (NASDAQ:EVLV) last issued its earnings results on Tuesday, May 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.01. EVINE Live had a negative net margin of 1.07% and a negative return on equity of 7.89%. The company had revenue of $156.30 million during the quarter, compared to analysts’ expectations of $153.59 million. During the same period last year, the business posted ($0.09) earnings per share. The company’s quarterly revenue was down 6.4% on a year-over-year basis.
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In other EVINE Live news, CEO Robert Rosenblatt bought 86,957 shares of EVINE Live stock in a transaction that occurred on Tuesday, May 23rd. The shares were acquired at an average price of $1.15 per share, for a total transaction of $100,000.55. Following the acquisition, the chief executive officer now owns 1,135,884 shares of the company’s stock, valued at approximately $1,306,266.60. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jean-Guillaume Sabatier sold 28,713 shares of EVINE Live stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $1.30, for a total transaction of $37,326.90. Following the transaction, the senior vice president now owns 253,394 shares in the company, valued at approximately $329,412.20. The disclosure for this sale can be found here. 4.15% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the stock. Royce & Associates LP raised its position in EVINE Live by 4.0% in the first quarter. Royce & Associates LP now owns 525,993 shares of the company’s stock valued at $673,000 after buying an additional 20,000 shares during the last quarter. Teton Advisors Inc. increased its stake in EVINE Live by 10.4% in the first quarter. Teton Advisors Inc. now owns 319,200 shares of the company’s stock valued at $409,000 after buying an additional 30,000 shares during the period. Russell Investments Group Ltd. increased its stake in EVINE Live by 8.3% in the first quarter. Russell Investments Group Ltd. now owns 1,000,000 shares of the company’s stock valued at $1,280,000 after buying an additional 76,544 shares during the period. CAPROCK Group Inc. increased its stake in EVINE Live by 59.0% in the first quarter. CAPROCK Group Inc. now owns 107,210 shares of the company’s stock valued at $137,000 after buying an additional 39,770 shares during the period. Finally, Renaissance Technologies LLC increased its stake in EVINE Live by 23.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,087,956 shares of the company’s stock valued at $1,632,000 after buying an additional 205,300 shares during the period. Institutional investors and hedge funds own 41.90% of the company’s stock.
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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