EVINE Live Inc (NASDAQ:EVLV) has been given a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.
Analysts have set a one year consensus target price of $2.17 for the company and are expecting that the company will post $0.10 earnings per share for the current quarter, according to Zacks. Zacks has also assigned EVINE Live an industry rank of 194 out of 265 based on the ratings given to related companies.
A number of analysts have recently issued reports on EVLV shares. ValuEngine upgraded shares of EVINE Live from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of EVINE Live from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. B. Riley set a $2.00 price objective on shares of EVINE Live and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, DA Davidson started coverage on shares of EVINE Live in a report on Friday, September 22nd. They issued a “buy” rating and a $1.30 price objective on the stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Teton Advisors Inc. increased its holdings in EVINE Live by 15.7% during the third quarter. Teton Advisors Inc. now owns 369,200 shares of the company’s stock worth $384,000 after buying an additional 50,000 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of EVINE Live by 71.5% in the second quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock valued at $237,000 after purchasing an additional 98,744 shares during the last quarter. Royce & Associates LP increased its holdings in shares of EVINE Live by 26.7% in the second quarter. Royce & Associates LP now owns 666,393 shares of the company’s stock valued at $666,000 after purchasing an additional 140,400 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new position in shares of EVINE Live in the third quarter valued at $251,000. Institutional investors and hedge funds own 33.30% of the company’s stock.
Shares of EVINE Live (EVLV) traded down $0.04 on Thursday, reaching $1.43. 373,013 shares of the company’s stock were exchanged, compared to its average volume of 367,233. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.90. EVINE Live has a 1 year low of $0.89 and a 1 year high of $1.62.
EVINE Live (NASDAQ:EVLV) last announced its quarterly earnings results on Tuesday, November 21st. The company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01. EVINE Live had a negative net margin of 0.66% and a negative return on equity of 5.30%. The firm had revenue of $150.20 million for the quarter, compared to analyst estimates of $154.80 million. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. The business’s revenue was down .9% on a year-over-year basis. analysts anticipate that EVINE Live will post 0.01 earnings per share for the current year.
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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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