EVINE Live Inc. (NASDAQ:EVLV)‘s stock had its “buy” rating reiterated by analysts at B. Riley in a report released on Wednesday. They currently have a $2.00 price objective on the stock. B. Riley’s target price points to a potential upside of 115.05% from the company’s current price.
The analysts wrote, “This morning, UNH announced a series of management changes, including the naming of David Wichmann as CEO.””
A number of other brokerages have also issued reports on EVLV. Maxim Group set a $3.00 price target on EVINE Live and gave the stock a “buy” rating in a research note on Tuesday, May 23rd. ValuEngine lowered EVINE Live from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research upgraded EVINE Live from a “sell” rating to a “hold” rating in a research note on Wednesday, May 31st.
Shares of EVINE Live (EVLV) opened at 0.93 on Wednesday. The company’s market cap is $56.70 million. EVINE Live has a 1-year low of $0.89 and a 1-year high of $2.40. The company’s 50-day moving average price is $1.04 and its 200 day moving average price is $1.22.
EVINE Live (NASDAQ:EVLV) last issued its quarterly 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 return on equity of 7.89% and a negative net margin of 1.07%. The business had revenue of $156.30 million during the quarter, compared to analysts’ expectations of $153.59 million. During the same quarter in the previous year, the company posted ($0.09) EPS. The company’s quarterly revenue was down 6.4% on a year-over-year basis.
In other EVINE Live news, Director Mark Holdsworth purchased 50,000 shares of the business’s stock in a transaction on Friday, July 14th. The stock was acquired at an average price of $0.99 per share, for a total transaction of $49,500.00. Following the purchase, the director now owns 216,092 shares of the company’s stock, valued at approximately $213,931.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Rosenblatt purchased 86,957 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was acquired at an average price of $1.15 per share, with a total value of $100,000.55. Following the purchase, the chief executive officer now directly owns 1,135,884 shares in the company, valued at approximately $1,306,266.60. The disclosure for this purchase can be found here. Insiders acquired a total of 163,957 shares of company stock valued at $179,641 in the last quarter. 4.15% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Cove Street Capital LLC raised its position in shares of EVINE Live by 12.1% in the first quarter. Cove Street Capital LLC now owns 7,661,839 shares of the company’s stock worth $9,807,000 after buying an additional 828,847 shares during the last quarter. Private Capital Advisors Inc. purchased a new position in shares of EVINE Live during the second quarter worth $2,688,000. Elk Creek Partners LLC raised its position in shares of EVINE Live by 1.2% in the first quarter. Elk Creek Partners LLC now owns 2,067,747 shares of the company’s stock worth $2,647,000 after buying an additional 24,593 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of EVINE Live by 7.0% in the first quarter. Renaissance Technologies LLC now owns 1,164,056 shares of the company’s stock worth $1,490,000 after buying an additional 76,100 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of EVINE Live by 8.3% in the first quarter. Russell Investments Group Ltd. now owns 1,000,000 shares of the company’s stock worth $1,280,000 after buying an additional 76,544 shares during the last quarter. Institutional investors and hedge funds own 43.27% 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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