EVINE Live Inc. (EVLV) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of EVINE Live Inc. (NASDAQ:EVLV) from a sell rating to a hold rating in a report issued on Tuesday.

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. “

EVLV has been the topic of a number of other research reports. DA Davidson began coverage on EVINE Live in a research report on Friday, September 22nd. They set a buy rating and a $1.30 price target on the stock. ValuEngine downgraded EVINE Live from a sell rating to a strong sell rating in a research report on Thursday, September 7th. Finally, B. Riley reiterated a buy rating and set a $2.00 price target on shares of EVINE Live in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. EVINE Live currently has a consensus rating of Hold and an average target price of $2.10.

EVINE Live (NASDAQ:EVLV) remained flat at $1.11 on Tuesday. The company had a trading volume of 111,917 shares. The stock’s market capitalization is $72.40 million. The stock’s 50-day moving average price is $1.07 and its 200 day moving average price is $1.12. EVINE Live has a 12-month low of $0.89 and a 12-month high of $2.28.

EVINE Live (NASDAQ:EVLV) last posted its earnings results on Wednesday, August 23rd. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $148.95 million for the quarter, compared to analyst estimates of $150.75 million. EVINE Live had a negative return on equity of 8.38% and a negative net margin of 1.08%. EVINE Live’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the company earned ($0.03) earnings per share. On average, equities research analysts forecast that EVINE Live will post ($0.02) EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the business. Royce & Associates LP boosted its position in EVINE Live by 4.0% during the first quarter. Royce & Associates LP now owns 525,993 shares of the company’s stock worth $673,000 after purchasing an additional 20,000 shares in the last quarter. Renaissance Technologies LLC boosted its position in EVINE Live by 7.0% during the first quarter. Renaissance Technologies LLC now owns 1,164,056 shares of the company’s stock worth $1,490,000 after purchasing an additional 76,100 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in EVINE Live by 71.5% during the second quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock worth $237,000 after purchasing an additional 98,744 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in EVINE Live during the first quarter worth approximately $327,000. Finally, Private Capital Advisors Inc. purchased a new position in EVINE Live during the second quarter worth approximately $2,688,000. Institutional investors own 34.16% of the company’s stock.

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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