Zacks Investment Research upgraded shares of Evine (NASDAQ:EVLV) from a strong sell rating to a hold rating in a research note released on Tuesday morning.
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. “
Other research analysts have also recently issued reports about the stock. DA Davidson reduced their price objective on shares of Evine from $1.50 to $1.35 and set a buy rating for the company in a report on Friday, March 16th. Lake Street Capital reduced their price objective on shares of Evine to $2.00 and set a buy rating for the company in a report on Thursday, March 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Buy and an average target price of $1.97.
NASDAQ:EVLV opened at $1.15 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 2.08 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $73.88 million, a price-to-earnings ratio of -115.00, a P/E/G ratio of 25.11 and a beta of 2.54. Evine has a 12 month low of $0.76 and a 12 month high of $1.62.
Evine (NASDAQ:EVLV) last posted its quarterly earnings results on Wednesday, March 14th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $192.72 million during the quarter, compared to analysts’ expectations of $202.20 million. Evine had a net margin of 0.02% and a return on equity of 0.37%. research analysts anticipate that Evine will post 0.01 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Ancora Advisors LLC grew its holdings in shares of Evine by 105.0% during the first quarter. Ancora Advisors LLC now owns 904,950 shares of the company’s stock valued at $923,000 after buying an additional 463,551 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Evine by 10.7% during the first quarter. Russell Investments Group Ltd. now owns 2,285,002 shares of the company’s stock valued at $2,331,000 after buying an additional 220,500 shares during the last quarter. Balter Liquid Alternatives LLC grew its holdings in shares of Evine by 345.2% during the first quarter. Balter Liquid Alternatives LLC now owns 171,565 shares of the company’s stock valued at $175,000 after buying an additional 133,026 shares during the last quarter. Boston Partners grew its holdings in shares of Evine by 6.1% during the first quarter. Boston Partners now owns 1,912,902 shares of the company’s stock valued at $1,951,000 after buying an additional 109,762 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of Evine during the fourth quarter valued at about $482,000. Hedge funds and other institutional investors own 37.94% of the company’s stock.
Evine Company Profile
EVINE Live Inc operates as a multiplatform video commerce company in the United States. The company markets, sells, and distributes products to consumers through television, online, mobile, and social media in various merchandise categories, such as jewelry and watches, which include silver, gold, and gemstones to simulated diamonds; home and consumer electronics, which include home décor, bed and bath textiles, cookware, kitchen electrics, mattresses, tabletop accessories, and home furnishings; beauty products, including skincare, cosmetics, hair care, and bath and body products; and fashion and accessories, such as apparel, outerwear, intimates, handbags, accessories, and footwear.
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