Evine Live Inc. (NASDAQ:EVLV) has been given an average broker rating score of 1.40 (Strong Buy) from the five analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and four have issued a strong buy recommendation on the company. Evine Live’s rating score has improved by 6.7% in the last three months as a result of a number of analysts’ ratings changes.
Analysts have set a 1-year consensus target price of $2.65 for the company and are anticipating that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Evine Live an industry rank of 99 out of 265 based on the ratings given to related companies.
A number of research analysts have recently issued reports on EVLV shares. Zacks Investment Research upgraded shares of Evine Live from a “hold” rating to a “strong-buy” rating and set a $2.50 price target on the stock in a research report on Thursday, October 27th. B. Riley restated a “buy” rating and issued a $3.25 price target on shares of Evine Live in a research report on Saturday.
In related news, Director Landel C. Hobbs bought 45,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 132,575 shares of the company’s stock, valued at $292,990.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Michael Arthur Henry bought 14,500 shares of the company’s stock in a transaction that occurred on Friday, October 14th. The shares were bought at an average price of $2.14 per share, for a total transaction of $31,030.00. Following the transaction, the chief marketing officer now directly owns 52,916 shares in the company, valued at $113,240.24. The disclosure for this purchase can be found here. Corporate insiders own 3.49% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whalerock Point Partners LLC bought a new position in Evine Live during the third quarter worth about $106,000. Two Sigma Advisers LP increased its position 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. increased its position 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. Laurion Capital Management LP bought a new position in Evine Live during the second quarter worth about $249,000. Finally, Paloma Partners Management Co bought a new position in Evine Live during the second quarter worth about $295,000. Institutional investors own 37.84% of the company’s stock.
Evine Live (NASDAQ:EVLV) traded down 3.41% on Monday, reaching $1.70. 119,348 shares of the company were exchanged. The stock’s market capitalization is $97.47 million. The company’s 50-day moving average price is $2.02 and its 200-day moving average price is $1.83. Evine Live has a 12-month low of $0.41 and a 12-month high of $2.40.
Evine Live (NASDAQ:EVLV) last posted its earnings results on Tuesday, November 22nd. The company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $152 million for the quarter, compared to the consensus estimate of $163.79 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. The company’s revenue was down 6.6% compared to the same quarter last year. Equities research analysts anticipate that Evine Live will post ($0.14) earnings per share for the current fiscal year.
About Evine Live
EVINE Live Inc is a digital commerce company. The Company operates through the digital commerce retailing segment. The Company offers a mix of brands directly to consumers in an engaging and informative shopping experience through television (TV), online and mobile devices. It operates an around the clock television shopping network, EVINE Live, which is distributed primarily on cable and satellite systems, through which the Company offers brand products in the categories of jewelry and watches, home and consumer electronics, beauty, and fashion and accessories.