Boston Partners grew its stake in EVINE Live Inc (NASDAQ:EVLV) by 2,345.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,803,140 shares of the company’s stock after purchasing an additional 1,729,408 shares during the quarter. Boston Partners owned approximately 2.76% of EVINE Live worth $2,524,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of EVLV. Macquarie Group Ltd. bought a new stake in EVINE Live during the third quarter worth $251,000. Teton Advisors Inc. lifted 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 acquiring an additional 50,000 shares during the period. Acadian Asset Management LLC bought a new stake in EVINE Live during the fourth quarter worth $112,000. Finally, Goldman Sachs Group Inc. lifted 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 acquiring an additional 98,744 shares during the period. Institutional investors own 34.66% of the company’s stock.
EVLV has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded EVINE Live from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a report on Thursday, November 23rd. ValuEngine upgraded EVINE Live from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st. Finally, B. Riley reiterated a “buy” rating and set a $2.00 price target on shares of EVINE Live in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $1.95.
Shares of EVINE Live Inc (NASDAQ EVLV) opened at $1.16 on Thursday. The stock has a market capitalization of $75.05, a price-to-earnings ratio of -16.57, a price-to-earnings-growth ratio of 3.97 and a beta of 2.78. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.90 and a quick ratio of 1.13. EVINE Live Inc has a one year low of $0.89 and a one year 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, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $150.20 million for 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%. The business’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share. equities research analysts predict that EVINE Live Inc will post 0.01 EPS for the current year.
In other news, Director Mark Holdsworth bought 75,000 shares of the stock in a transaction on Thursday, December 14th. The shares were purchased at an average cost of $1.50 per share, for a total transaction of $112,500.00. Following the completion of the purchase, the director now directly owns 266,092 shares in the company, valued at approximately $399,138. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert Rosenblatt bought 33,400 shares of the stock in a transaction on Thursday, December 7th. The stock was purchased at an average price 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 $1,730,540.32. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 124,400 shares of company stock worth $185,372. Corporate insiders own 4.15% of the company’s stock.
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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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