Zacks Investment Research downgraded shares of EVINE Live (NASDAQ:EVLV) from a buy rating to a hold rating in a report released on Tuesday morning.

According to Zacks, “EVINE Live Inc. is a digital commerce company. It markets, sells, and distributes products to consumers through ShopHQ, a 24-hour television shopping network; and ShopHQ.com, an e-commerce platform, as well as through the company’s mobile application. The Company is focused on new products and brands in fashion, beauty, jewelry, home and fitness. EVINE Live Inc., formerly known as ValueVision Media, Inc., and is headquartered in Eden Prairie, Minnesota. “

Other research analysts also recently issued research reports about the stock. B. Riley reissued a buy rating and set a $2.00 price objective on shares of EVINE Live in a report on Wednesday, November 22nd. ValuEngine raised shares of EVINE Live from a strong sell rating to a sell rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $1.95.

EVINE Live (NASDAQ EVLV) opened at $1.33 on Tuesday. EVINE Live has a 1-year low of $0.89 and a 1-year high of $1.62. The company has a current ratio of 1.90, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98.

EVINE Live (NASDAQ:EVLV) last released its quarterly earnings data on Tuesday, November 21st. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. EVINE Live had a negative net margin of 0.66% and a negative return on equity of 5.30%. The business had revenue of $150.20 million during the quarter, compared to the consensus estimate of $154.80 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. The business’s revenue was down .9% on a year-over-year basis. equities analysts forecast that EVINE Live will post 0.01 earnings per share for the current fiscal year.

In other EVINE Live news, Director Mark Holdsworth bought 75,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were purchased at an average cost of $1.50 per share, for a total transaction of $112,500.00. Following the transaction, the director now owns 266,092 shares of the company’s stock, valued at $399,138. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert Rosenblatt bought 33,400 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were acquired at an average price of $1.48 per share, for a total transaction of $49,432.00. Following the completion of the transaction, the chief executive officer now directly owns 1,169,284 shares in the company, valued at approximately $1,730,540.32. The disclosure for this purchase can be found here. Insiders have bought a total of 124,400 shares of company stock worth $185,372 over the last 90 days. Corporate insiders own 4.15% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. purchased a new stake in shares of EVINE Live during the 3rd quarter valued at about $251,000. Teton Advisors Inc. raised its position in shares of EVINE Live by 15.7% during the 3rd quarter. Teton Advisors Inc. now owns 369,200 shares of the company’s stock valued at $384,000 after buying an additional 50,000 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of EVINE Live by 71.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock valued at $237,000 after buying an additional 98,744 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of EVINE Live during the 4th quarter valued at about $112,000. Hedge funds and other institutional investors own 30.39% of the company’s stock.

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EVINE Live Company Profile

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.

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