EVINE Live (EVLV) Stock Rating Lowered by Zacks Investment Research

EVINE Live (NASDAQ:EVLV) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Monday.

According to Zacks, “EVINE Live Inc. is a digital commerce company. It markets, sells, and distributes products to consumers through ShopHQ, a 24-hour television shopping network; and ShopHQ.com, an e-commerce platform, as well as through the company’s mobile application. The Company is focused on new products and brands in fashion, beauty, jewelry, home and fitness. EVINE Live Inc., formerly known as ValueVision Media, Inc., and is headquartered in Eden Prairie, Minnesota. “

A number of other brokerages also recently commented on EVLV. ValuEngine downgraded shares of EVINE Live from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 28th. B. Riley set a $1.00 price objective on shares of EVINE Live and gave the company a “buy” rating in a research report on Thursday, November 29th. TheStreet downgraded shares of EVINE Live from a “c-” rating to a “d” rating in a research report on Wednesday, November 28th. Finally, Lake Street Capital dropped their price objective on shares of EVINE Live to $1.00 and set a “buy” rating on the stock in a research report on Thursday, November 29th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. EVINE Live has an average rating of “Hold” and a consensus target price of $1.38.

Shares of NASDAQ:EVLV opened at $0.55 on Monday. EVINE Live has a 52 week low of $0.51 and a 52 week high of $1.74. The company has a current ratio of 2.03, a quick ratio of 1.32 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $39.81 million, a price-to-earnings ratio of -55.00 and a beta of 2.14.

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

Several large investors have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new position in shares of EVINE Live in the 2nd quarter valued at $290,000. JPMorgan Chase & Co. boosted its holdings in shares of EVINE Live by 39.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 270,571 shares of the company’s stock valued at $311,000 after buying an additional 76,711 shares in the last quarter. Balter Liquid Alternatives LLC boosted its holdings in shares of EVINE Live by 68.1% in the 2nd quarter. Balter Liquid Alternatives LLC now owns 288,401 shares of the company’s stock valued at $369,000 after buying an additional 116,836 shares in the last quarter. Clinton Group Inc. boosted its holdings in shares of EVINE Live by 4.4% in the 3rd quarter. Clinton Group Inc. now owns 1,067,912 shares of the company’s stock valued at $1,228,000 after buying an additional 45,420 shares in the last quarter. Finally, Ancora Advisors LLC boosted its holdings in shares of EVINE Live by 26.7% in the 3rd 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 in the last quarter. 40.11% of the stock is currently owned by institutional investors.

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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