EVINE Live (EVLV) Cut to Strong Sell at ValuEngine

ValuEngine downgraded shares of EVINE Live (NASDAQ:EVLV) from a sell rating to a strong sell rating in a research report sent to investors on Wednesday morning.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded EVINE Live from a hold rating to a buy rating and set a $1.50 target price on the stock in a report on Friday, August 31st. B. Riley raised their target price on EVINE Live from $1.50 to $1.75 and gave the company a buy rating in a report on Thursday, August 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. EVINE Live presently has a consensus rating of Hold and an average price target of $1.38.

Shares of NASDAQ:EVLV opened at $0.60 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.32 and a current ratio of 2.03. EVINE Live has a one year low of $0.54 and a one year high of $1.74.

EVINE Live (NASDAQ:EVLV) last announced its earnings results on Wednesday, November 28th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.13). The company had revenue of $131.71 million for the quarter, compared to analysts’ expectations of $152.43 million. EVINE Live had a negative net margin of 0.91% and a negative return on equity of 5.72%. On average, equities research analysts expect that EVINE Live will post -0.1 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of EVLV. Renaissance Technologies LLC boosted its stake in EVINE Live by 9.8% in the 3rd quarter. Renaissance Technologies LLC now owns 2,135,670 shares of the company’s stock worth $2,456,000 after purchasing an additional 190,414 shares in the last quarter. Ancora Advisors LLC boosted its stake in EVINE Live by 26.7% in the 3rd quarter. Ancora Advisors LLC now owns 1,152,990 shares of the company’s stock worth $1,326,000 after purchasing an additional 243,072 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in EVINE Live by 39.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 270,571 shares of the company’s stock worth $311,000 after purchasing an additional 76,711 shares in the last quarter. Private Capital Advisors Inc. acquired a new stake in EVINE Live in the 3rd quarter worth approximately $2,795,000. Finally, Clinton Group Inc. boosted its stake in EVINE Live by 4.4% in the 3rd quarter. Clinton Group Inc. now owns 1,067,912 shares of the company’s stock worth $1,228,000 after purchasing an additional 45,420 shares in the last quarter. Institutional investors own 39.38% of the company’s stock.

EVINE Live Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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