EVINE Live Inc (NASDAQ:EVLV) – DA Davidson lowered their FY2019 EPS estimates for shares of EVINE Live in a note issued to investors on Thursday, November 29th. DA Davidson analyst T. Forte now forecasts that the company will post earnings per share of ($0.13) for the year, down from their previous forecast of $0.01. DA Davidson also issued estimates for EVINE Live’s Q3 2020 earnings at ($0.13) EPS, FY2020 earnings at ($0.11) EPS, FY2021 earnings at ($0.09) EPS, FY2022 earnings at ($0.06) EPS and FY2023 earnings at $0.00 EPS.
A number of other research firms have also weighed in on EVLV. ValuEngine lowered shares of EVINE Live from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 28th. B. Riley set a $1.00 target price on shares of EVINE Live and gave the stock a “buy” rating in a report on Thursday, November 29th. Zacks Investment Research upgraded shares of 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. TheStreet lowered shares of EVINE Live from a “c-” rating to a “d” rating in a report on Wednesday, November 28th. Finally, Lake Street Capital lowered their target price on shares of EVINE Live to $1.00 and set a “buy” rating on the stock in a report on Thursday, November 29th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $1.38.
EVINE Live (NASDAQ:EVLV) last released its quarterly earnings data on Wednesday, November 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.13). The company had revenue of $131.71 million for the quarter, compared to the consensus estimate of $152.43 million. EVINE Live had a negative return on equity of 5.72% and a negative net margin of 0.91%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Capital Advisors Inc. bought a new position in shares of EVINE Live during the third quarter worth $2,795,000. Ancora Advisors LLC lifted its position in 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 buying an additional 243,072 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in EVINE Live during the second quarter worth about $290,000. Renaissance Technologies LLC increased its stake in EVINE Live by 9.8% during the third 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 during the period. Finally, Balter Liquid Alternatives LLC increased its stake 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 purchasing an additional 116,836 shares during the period. Institutional investors own 40.11% of the company’s stock.
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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