Private Capital Advisors Inc. decreased its position in shares of EVINE Live Inc (NASDAQ:EVLV) by 70.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 791,361 shares of the company’s stock after selling 1,896,234 shares during the quarter. Private Capital Advisors Inc. owned about 1.21% of EVINE Live worth $1,108,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in EVLV. Teton Advisors Inc. grew its position in EVINE Live by 15.7% in the 3rd quarter. Teton Advisors Inc. now owns 369,200 shares of the company’s stock valued at $384,000 after purchasing an additional 50,000 shares during the period. Goldman Sachs Group Inc. raised its stake 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 worth $237,000 after purchasing an additional 98,744 shares during the period. Royce & Associates LP raised its stake in shares of EVINE Live by 26.7% during the 2nd quarter. Royce & Associates LP now owns 666,393 shares of the company’s stock worth $666,000 after purchasing an additional 140,400 shares during the period. Finally, Macquarie Group Ltd. bought a new stake in shares of EVINE Live during the 3rd quarter worth $251,000. 30.35% of the stock is owned by institutional investors.
In other news, Director Mark Holdsworth acquired 75,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was acquired at an average price of $1.50 per share, for a total transaction of $112,500.00. Following the completion of the acquisition, the director now owns 266,092 shares in the company, valued at $399,138. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Rosenblatt bought 33,400 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was bought at an average cost of $1.48 per share, for a total transaction of $49,432.00. Following the completion of the purchase, the chief executive officer now owns 1,169,284 shares of the company’s stock, valued at approximately $1,730,540.32. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 124,400 shares of company stock valued at $185,372. 4.15% of the stock is owned by corporate insiders.
A number of research firms have recently commented on EVLV. ValuEngine upgraded EVINE Live from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 10th. Zacks Investment Research cut EVINE Live from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, B. Riley set a $2.00 price target on EVINE Live and gave the company a “buy” rating in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $1.95.
EVINE Live Inc (EVLV) opened at $1.20 on Friday. 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 twelve month low of $0.89 and a twelve month high of $1.62.
EVINE Live (NASDAQ:EVLV) last issued its earnings results on Tuesday, November 21st. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The business had revenue of $150.20 million during the quarter, compared to analyst estimates of $154.80 million. EVINE Live had a negative return on equity of 5.30% and a negative net margin of 0.66%. EVINE Live’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. research analysts anticipate that EVINE Live Inc will post 0.01 earnings per share for the current fiscal year.
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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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