Evine Live Inc. (NASDAQ:EVLV) – Investment analysts at Feltl & Co. upped their Q1 2018 earnings per share estimates for shares of Evine Live in a research report issued on Wednesday. Feltl & Co. analyst M. Smith now forecasts that the brokerage will post earnings of ($0.04) per share for the quarter, up from their prior estimate of ($0.05). Feltl & Co. also issued estimates for Evine Live’s Q2 2018 earnings at ($0.01) EPS and FY2018 earnings at ($0.07) EPS.
Evine Live (NASDAQ:EVLV) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported ($0.06) 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 analyst estimates of $163.79 million. During the same period in the prior year, the business posted ($0.09) EPS. The company’s revenue for the quarter was down 6.6% on a year-over-year basis.
EVLV has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Evine Live from a “hold” rating to a “strong-buy” rating and set a $2.50 target price on the stock in a research report on Thursday, October 27th. B. Riley reiterated a “buy” rating and set a $3.25 target price on shares of Evine Live in a research report on Saturday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $2.81.
Evine Live (NASDAQ:EVLV) opened at 1.76 on Monday. The company has a 50-day moving average of $2.02 and a 200-day moving average of $1.83. Evine Live has a 1-year low of $0.41 and a 1-year high of $2.40. The firm’s market cap is $100.91 million.
A number of large investors have recently modified their holdings of EVLV. Whalerock Point Partners LLC purchased a new stake in shares of Evine Live during the third quarter valued at approximately $106,000. Two Sigma Advisers LP increased its stake in shares of 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 during the last quarter. JPMorgan Chase & Co. increased its stake in shares of 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 during the last quarter. Laurion Capital Management LP purchased a new stake in shares of Evine Live during the second quarter valued at approximately $249,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Evine Live during the second quarter valued at approximately $295,000. 37.84% of the stock is owned by hedge funds and other institutional investors.
In other news, CMO Michael Arthur Henry bought 14,500 shares of the stock in a transaction on Friday, October 14th. The stock was purchased at an average price of $2.14 per share, with a total value of $31,030.00. Following the completion of the purchase, the chief marketing officer now owns 52,916 shares of the company’s stock, valued at $113,240.24. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Landel C. Hobbs bought 45,000 shares of the stock in a transaction on Monday, September 19th. The stock was purchased at an average cost of $2.21 per share, with a total value of $99,450.00. Following the purchase, the director now directly owns 132,575 shares of the company’s stock, valued at approximately $292,990.75. The disclosure for this purchase can be found here. Corporate insiders own 3.49% of the company’s stock.
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