EVINE Live Inc (EVLV) Receives $1.92 Average Price Target from Brokerages

Shares of EVINE Live Inc (NASDAQ:EVLV) have earned an average recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $1.33.

Several equities analysts recently commented on the company. Zacks Investment Research lowered EVINE Live from a “hold” rating to a “strong sell” rating in a research note on Monday. ValuEngine downgraded EVINE Live from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. B. Riley increased their price target on EVINE Live from $1.50 to $1.75 and gave the company a “buy” rating in a report on Thursday, August 30th. Lake Street Capital reduced their price target on EVINE Live to $1.00 and set a “buy” rating for the company in a report on Thursday, November 29th. Finally, TheStreet cut EVINE Live from a “c-” rating to a “d” rating in a research note on Wednesday, November 28th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVLV. Private Capital Advisors Inc. purchased a new stake in shares of EVINE Live during the third quarter worth $2,795,000. Ancora Advisors LLC grew its position in shares of EVINE Live by 26.7% in the third quarter. Ancora Advisors LLC now owns 1,152,990 shares of the company’s stock valued at $1,326,000 after purchasing an additional 243,072 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of EVINE Live in the second quarter valued at about $290,000. Renaissance Technologies LLC grew its position in shares of EVINE Live by 9.8% in the third quarter. Renaissance Technologies LLC now owns 2,135,670 shares of the company’s stock valued at $2,456,000 after purchasing an additional 190,414 shares during the last quarter. Finally, Balter Liquid Alternatives LLC grew its position in EVINE Live by 68.1% during the second quarter. Balter Liquid Alternatives LLC now owns 288,401 shares of the company’s stock worth $369,000 after buying an additional 116,836 shares in the last quarter. Institutional investors own 40.11% of the company’s stock.

Shares of EVINE Live stock traded down $0.02 during trading on Tuesday, reaching $0.55. The company’s stock had a trading volume of 765,754 shares, compared to its average volume of 350,339. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.03 and a quick ratio of 1.32. EVINE Live has a 12-month low of $0.51 and a 12-month high of $1.74. The company has a market cap of $39.81 million, a PE ratio of -55.00 and a beta of 2.14.

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

About EVINE Live

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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