EVINE Live Inc. (EVLV) Rating Increased to Buy at Zacks Investment Research
EVINE Live Inc. (NASDAQ:EVLV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The brokerage currently has a $1.50 price objective on the stock. Zacks Investment Research‘s target price points to a potential upside of 4.17% from the stock’s previous close.
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 have also recently issued reports about the company. B. Riley reissued a “buy” rating and set a $2.00 target price on shares of EVINE Live in a research note on Saturday, August 26th. DA Davidson started coverage on EVINE Live in a research note on Friday, September 22nd. They set a “buy” rating and a $1.30 target price for the company. Finally, ValuEngine cut EVINE Live from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $1.95.
EVINE Live (NASDAQ:EVLV) opened at $1.44 on Thursday. EVINE Live has a one year low of $0.89 and a one year high of $1.86. The company has a quick ratio of 1.27, a current ratio of 2.00 and a debt-to-equity ratio of 0.96.
EVINE Live (NASDAQ:EVLV) last released its earnings results on Tuesday, November 21st. The company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. EVINE Live had a negative return on equity of 5.28% and a negative net margin of 0.66%. The firm had revenue of $150.20 million during the quarter, compared to analysts’ expectations of $154.80 million. During the same period in the previous year, the firm posted ($0.06) EPS. EVINE Live’s revenue for the quarter was down .9% on a year-over-year basis. equities analysts anticipate that EVINE Live will post 0.02 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. acquired a new position in shares of EVINE Live during the 3rd quarter worth about $251,000. Teton Advisors Inc. boosted 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 worth $384,000 after acquiring an additional 50,000 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of EVINE Live by 71.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock valued at $237,000 after purchasing an additional 98,744 shares during the period. Royce & Associates LP boosted its position in shares of EVINE Live by 26.7% in the 2nd quarter. Royce & Associates LP now owns 666,393 shares of the company’s stock valued at $666,000 after purchasing an additional 140,400 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of EVINE Live by 7.0% in the 1st quarter. Renaissance Technologies LLC now owns 1,164,056 shares of the company’s stock valued at $1,490,000 after purchasing an additional 76,100 shares during the period. 33.38% of the stock is owned by institutional investors and hedge funds.
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.
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