EVINE Live (EVLV) Rating Increased to Sell at ValuEngine

EVINE Live (NASDAQ:EVLV) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Friday.

Other research analysts have also issued reports about the company. DA Davidson started coverage on EVINE Live in a research report on Friday, September 22nd. They issued a “buy” rating and a $1.30 target price on the stock. B. Riley reissued a “buy” rating and issued a $2.00 price objective on shares of EVINE Live in a research report on Saturday, August 26th. Finally, Zacks Investment Research raised EVINE Live from a “hold” rating to a “buy” rating and set a $1.50 price objective on the stock in a research report on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $1.95.

Shares of EVINE Live (NASDAQ:EVLV) traded up $0.02 on Friday, hitting $1.47. The company had a trading volume of 250,755 shares, compared to its average volume of 774,048. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.27 and a current ratio of 2.00. EVINE Live has a twelve month low of $0.89 and a twelve month high of $1.86.

EVINE Live (NASDAQ:EVLV) last issued its earnings results on Tuesday, November 21st. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. The business had revenue of $150.20 million for the quarter, compared to analyst estimates of $154.80 million. EVINE Live had a negative return on equity of 5.28% and a negative net margin of 0.66%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the company posted ($0.06) EPS. equities research analysts expect that EVINE Live will post 0.01 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. purchased a new position in EVINE Live in the third quarter valued at about $251,000. Teton Advisors Inc. grew its stake in shares of EVINE Live by 15.7% during the third quarter. Teton Advisors Inc. now owns 369,200 shares of the company’s stock valued at $384,000 after acquiring an additional 50,000 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of EVINE Live by 71.5% during the second quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock valued at $237,000 after acquiring an additional 98,744 shares in the last quarter. Royce & Associates LP grew its stake in shares of EVINE Live by 26.7% during the second quarter. Royce & Associates LP now owns 666,393 shares of the company’s stock valued at $666,000 after acquiring an additional 140,400 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of EVINE Live by 7.0% during the first quarter. Renaissance Technologies LLC now owns 1,164,056 shares of the company’s stock valued at $1,490,000 after acquiring an additional 76,100 shares in the last quarter. 33.35% of the stock is currently owned by institutional investors.

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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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