EVINE Live Inc (NASDAQ:EVLV) Director Lisa Letizio acquired 10,000 shares of EVINE Live stock in a transaction dated Friday, December 8th. The stock was purchased at an average cost of $1.48 per share, for a total transaction of $14,800.00. Following the completion of the purchase, the director now owns 286,665 shares in the company, valued at approximately $424,264.20. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
EVINE Live Inc (EVLV) opened at $1.49 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.90. EVINE Live Inc has a 1 year low of $0.89 and a 1 year high of $1.86.
EVINE Live (NASDAQ:EVLV) last released its earnings results on Tuesday, November 21st. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $150.20 million for the quarter, compared to the consensus estimate of $154.80 million. During the same quarter in the previous year, the company earned ($0.06) EPS. EVINE Live’s quarterly revenue was down .9% compared to the same quarter last year. analysts forecast that EVINE Live Inc will post 0.01 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP raised its holdings in EVINE Live by 26.7% during the second quarter. Royce & Associates LP now owns 666,393 shares of the company’s stock worth $666,000 after buying an additional 140,400 shares during the last quarter. Renaissance Technologies LLC raised its holdings 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 buying an additional 76,100 shares during the last quarter. Teton Advisors Inc. raised its holdings in EVINE Live by 15.7% during the third quarter. Teton Advisors Inc. now owns 369,200 shares of the company’s stock worth $384,000 after buying an additional 50,000 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings 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 buying an additional 98,744 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new position in EVINE Live during the third quarter worth $251,000. Hedge funds and other institutional investors own 33.33% of the company’s stock.
EVLV has been the topic of a number of research reports. ValuEngine upgraded shares of EVINE Live from a “strong sell” rating to a “sell” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of EVINE Live from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. B. Riley set a $2.00 target price on shares of EVINE Live and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, DA Davidson initiated coverage on shares of EVINE Live in a research report on Friday, September 22nd. They set a “buy” rating and a $1.30 target price on the stock. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. EVINE Live currently has an average rating of “Buy” and a consensus price target of $1.95.
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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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