Evine Live Inc. (NASDAQ:EVLV)‘s stock had its “buy” rating restated by equities research analysts at B. Riley in a report issued on Saturday. They currently have a $3.25 target price on the stock. B. Riley’s price objective points to a potential upside of 84.66% from the stock’s previous close.
Separately, Zacks Investment Research downgraded shares of Evine Live from a “buy” rating to a “hold” rating in a research report on Monday, August 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $2.81.
Shares of Evine Live (NASDAQ:EVLV) opened at 1.76 on Friday. The firm’s 50-day moving average is $2.02 and its 200-day moving average is $1.83. Evine Live has a one year low of $0.41 and a one year high of $2.40. The stock’s market capitalization is $100.91 million.
Evine Live (NASDAQ:EVLV) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.03. Evine Live had a negative return on equity of 7.40% and a negative net margin of 1.47%. The firm earned $152 million during the quarter, compared to analysts’ expectations of $163.79 million. During the same period in the previous year, the firm earned ($0.09) EPS. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. On average, analysts expect that Evine Live will post ($0.14) earnings per share for the current fiscal year.
In related news, CMO Michael Arthur Henry bought 14,500 shares of the stock in a transaction that occurred on Friday, October 14th. The stock was bought at an average cost of $2.14 per share, for a total transaction of $31,030.00. Following the purchase, the chief marketing officer now directly owns 52,916 shares of the company’s stock, valued at $113,240.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Landel C. Hobbs bought 45,000 shares of the stock in a transaction that occurred on Monday, September 19th. The stock was bought at an average price of $2.21 per share, with a total value of $99,450.00. Following the completion of the purchase, the director now directly owns 132,575 shares in the company, valued at $292,990.75. The disclosure for this purchase can be found here. 3.49% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. Cove Street Capital LLC boosted its stake in Evine Live by 23.9% in the second quarter. Cove Street Capital LLC now owns 6,585,260 shares of the company’s stock worth $10,866,000 after buying an additional 1,270,256 shares during the period. Cannell Capital LLC bought a new stake in Evine Live during the fourth quarter worth approximately $8,208,000. Elk Creek Partners LLC boosted its stake in Evine Live by 8.8% in the second quarter. Elk Creek Partners LLC now owns 2,150,309 shares of the company’s stock worth $1,800,000 after buying an additional 174,053 shares during the period. Clinton Group Inc. boosted its stake in Evine Live by 19.1% in the third quarter. Clinton Group Inc. now owns 1,907,642 shares of the company’s stock worth $4,369,000 after buying an additional 306,396 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Evine Live by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,357,987 shares of the company’s stock worth $1,589,000 after buying an additional 5,196 shares during the period. Institutional investors own 40.15% of the company’s stock.
Evine Live Company Profile