Evine Live Inc. (NASDAQ:EVLV) – Research analysts at B. Riley issued their FY2018 earnings per share estimates for shares of Evine Live in a report released on Wednesday. B. Riley analyst E. Wold anticipates that the brokerage will post earnings per share of ($0.03) for the year. B. Riley currently has a “Buy” rating and a $3.25 target price on the stock.
Separately, Zacks Investment Research upgraded shares of Evine Live from a “hold” rating to a “strong-buy” rating and set a $2.50 price objective for the company in a research report on Thursday, October 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Evine Live currently has a consensus rating of “Buy” and a consensus target price of $2.81.
Evine Live (NASDAQ:EVLV) traded down 3.41% during midday trading on Monday, hitting $1.70. 94,558 shares of the stock traded hands. Evine Live has a 1-year low of $0.41 and a 1-year high of $2.40. The firm’s market cap is $97.47 million. The company has a 50-day moving average price of $2.02 and a 200-day moving average price of $1.83.
Evine Live (NASDAQ:EVLV) last released its quarterly earnings data on Tuesday, November 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the 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 earned $152 million during the quarter, compared to analyst estimates of $163.79 million. During the same period in the previous year, the company earned ($0.09) EPS. Evine Live’s revenue was down 6.6% on a year-over-year basis.
In related news, CMO Michael Arthur Henry purchased 14,500 shares of the firm’s stock in a transaction that occurred on Friday, October 14th. The stock was acquired at an average cost of $2.14 per share, for a total transaction of $31,030.00. Following the completion of the acquisition, the chief marketing officer now owns 52,916 shares in the company, valued at approximately $113,240.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Landel C. Hobbs purchased 45,000 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The shares were bought at an average price of $2.21 per share, with a total value of $99,450.00. Following the completion of the acquisition, the director now owns 132,575 shares of the company’s stock, valued at approximately $292,990.75. The disclosure for this purchase can be found here. 3.49% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Whalerock Point Partners LLC bought a new stake in Evine Live during the third quarter valued at 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 valued at $110,000 after buying an additional 10,500 shares in 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 valued at $121,000 after buying an additional 51,545 shares in the last quarter. Laurion Capital Management LP bought a new stake in Evine Live during the second quarter valued at approximately $249,000. Finally, Paloma Partners Management Co bought a new stake in Evine Live during the second quarter valued at approximately $295,000. Institutional investors and hedge funds own 37.84% of the company’s stock.
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