Evine Live Inc. (NASDAQ:EVLV) – Analysts at Lake Street Capital lowered their FY2017 earnings estimates for Evine Live in a research report issued to clients and investors on Tuesday. Lake Street Capital analyst M. Argento now expects that the firm will earn ($0.10) per share for the year, down from their previous forecast of ($0.07).
Other equities analysts have also recently issued research reports about the stock. B. Riley started coverage on shares of Evine Live in a research note on Monday, October 17th. They set a “buy” rating and a $3.50 target price on the stock. Zacks Investment Research cut shares of Evine Live from a “buy” rating to a “hold” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Evine Live currently has an average rating of “Buy” and a consensus price target of $2.88.
Evine Live (NASDAQ:EVLV) opened at 1.70 on Thursday. The company’s 50-day moving average is $2.04 and its 200 day moving average is $1.82. Evine Live has a 52 week low of $0.41 and a 52 week high of $2.40. The stock’s market cap is $97.47 million.
Evine Live (NASDAQ:EVLV) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.03. The firm had revenue of $152 million for the quarter, compared to analysts’ expectations of $163.79 million. Evine Live had a negative net margin of 1.47% and a negative return on equity of 7.40%. Evine Live’s revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.09) EPS.
In other news, Director Landel C. Hobbs bought 45,000 shares of the firm’s stock in a transaction on Monday, September 19th. The shares were bought at an average price of $2.21 per share, for a total transaction of $99,450.00. Following the purchase, the director now owns 132,575 shares in the company, valued at $292,990.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Michael Arthur Henry bought 14,500 shares of the firm’s stock in a transaction on Friday, October 14th. The shares were purchased at an average price of $2.14 per share, for a total transaction of $31,030.00. Following the purchase, the chief marketing officer now owns 52,916 shares in the company, valued at approximately $113,240.24. The disclosure for this purchase can be found here. 3.49% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in EVLV. Whalerock Point Partners LLC purchased a new stake in Evine Live during the third quarter worth approximately $106,000. Two Sigma Advisers LP boosted its stake in Evine Live by 27.9% in the third quarter. Two Sigma Advisers LP now owns 48,200 shares of the company’s stock worth $110,000 after buying an additional 10,500 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Evine Live by 3,913.8% in the third quarter. JPMorgan Chase & Co. now owns 52,862 shares of the company’s stock worth $121,000 after buying an additional 51,545 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in Evine Live during the third quarter worth approximately $298,000. Finally, Laurion Capital Management LP purchased a new stake in Evine Live during the second quarter worth approximately $249,000. Institutional investors own 40.15% of the company’s stock.
Evine Live Company Profile