EVINE Live (EVLV) Stock Price Up 0.8%


EVINE Live Inc (NASDAQ:EVLV) shares rose 0.8% during mid-day trading on Wednesday . The company traded as high as $1.22 and last traded at $1.25. Approximately 10,011 shares were traded during trading, a decline of 97% from the average daily volume of 323,607 shares. The stock had previously closed at $1.24.


EVLV has been the subject of a number of analyst reports. Zacks Investment Research upgraded EVINE Live from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 15th. ValuEngine upgraded EVINE Live from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. DA Davidson reduced their price target on EVINE Live from $1.50 to $1.35 and set a “buy” rating for the company in a research report on Friday, March 16th. Finally, Lake Street Capital reduced their price target on EVINE Live to $2.00 and set a “buy” rating for the company in a research report on Thursday, March 15th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $1.88.


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The company has a quick ratio of 1.35, a current ratio of 2.08 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $83.69 million, a PE ratio of -128.00, a price-to-earnings-growth ratio of 85.33 and a beta of 2.50.

EVINE Live (NASDAQ:EVLV) last announced its quarterly earnings results on Wednesday, May 30th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.03). EVINE Live had a return on equity of 1.92% and a net margin of 0.05%. The business had revenue of $156.51 million for the quarter, compared to analyst estimates of $156.41 million.


Several institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in shares of EVINE Live by 10.7% in the first quarter. Russell Investments Group Ltd. now owns 2,285,002 shares of the company’s stock valued at $2,331,000 after buying an additional 220,500 shares during the period. Boston Partners lifted its holdings in shares of EVINE Live by 6.1% in the first quarter. Boston Partners now owns 1,912,902 shares of the company’s stock valued at $1,951,000 after buying an additional 109,762 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of EVINE Live by 32.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,853,156 shares of the company’s stock valued at $2,594,000 after buying an additional 456,400 shares during the period. Ancora Advisors LLC lifted its holdings in shares of EVINE Live by 105.0% in the first quarter. Ancora Advisors LLC now owns 904,950 shares of the company’s stock valued at $923,000 after buying an additional 463,551 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of EVINE Live by 23.1% in the fourth quarter. Geode Capital Management LLC now owns 388,662 shares of the company’s stock valued at $543,000 after buying an additional 72,941 shares during the period. Institutional investors and hedge funds own 37.37% of the company’s stock.


About EVINE Live

EVINE Live Inc operates as a multiplatform video commerce company in the United States. The company markets, sells, and distributes products to consumers through television, online, mobile, and social media in various merchandise categories, such as jewelry and watches, which include silver, gold, and gemstones to simulated diamonds; home and consumer electronics, which include home d茅cor, bed and bath textiles, cookware, kitchen electrics, mattresses, tabletop accessories, and home furnishings; beauty products, including skincare, cosmetics, hair care, and bath and body products; and fashion and accessories, such as apparel, outerwear, intimates, handbags, accessories, and footwear.