Boston Partners increased its position in shares of EVINE Live Inc (NASDAQ:EVLV) by 2,345.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,803,140 shares of the company’s stock after acquiring an additional 1,729,408 shares during the period. Boston Partners owned approximately 2.76% of EVINE Live worth $2,524,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in EVINE Live during the 4th quarter worth about $112,000. Macquarie Group Ltd. acquired a new stake in EVINE Live during the 3rd quarter worth about $251,000. Teton Advisors Inc. boosted its position in EVINE Live by 15.7% during the 3rd 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. Finally, Goldman Sachs Group Inc. boosted its position in 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 acquiring an additional 98,744 shares during the period. 35.49% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Robert Rosenblatt acquired 33,400 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was acquired at an average price of $1.48 per share, for a total transaction of $49,432.00. Following the completion of the acquisition, the chief executive officer now owns 1,169,284 shares of the company’s stock, valued at approximately $1,730,540.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Holdsworth acquired 75,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was bought at an average price of $1.50 per share, with a total value of $112,500.00. Following the acquisition, the director now directly owns 266,092 shares of the company’s stock, valued at approximately $399,138. The disclosure for this purchase can be found here. In the last three months, insiders acquired 124,400 shares of company stock worth $185,372. Insiders own 4.15% of the company’s stock.
Shares of EVINE Live Inc (NASDAQ EVLV) remained flat at $$1.15 during trading hours on Thursday. The company had a trading volume of 150,900 shares, compared to its average volume of 226,005. EVINE Live Inc has a 12-month low of $0.89 and a 12-month high of $1.62. The company has a current ratio of 1.90, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98.
EVINE Live (NASDAQ:EVLV) last announced its quarterly earnings results on Tuesday, November 21st. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The business 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%. EVINE Live’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.06) EPS. research analysts expect that EVINE Live Inc will post 0.01 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on EVLV shares. B. Riley reaffirmed a “buy” rating and set a $2.00 price target on shares of EVINE Live in a research note on Wednesday, November 22nd. Zacks Investment Research raised EVINE Live from a “hold” rating to a “buy” rating and set a $1.50 price objective on the stock in a research note on Thursday, November 23rd. Finally, ValuEngine raised EVINE Live from a “strong sell” rating to a “sell” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average 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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