EVINE Live Inc (NASDAQ:EVLV) Director Landel C. Hobbs purchased 50,000 shares of the stock in a transaction dated Monday, June 18th. The shares were bought at an average price of $1.20 per share, for a total transaction of $60,000.00. Following the completion of the acquisition, the director now owns 392,220 shares in the company, valued at $470,664. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
EVLV stock opened at $1.22 on Friday. EVINE Live Inc has a 1 year low of $0.76 and a 1 year high of $1.62. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.95 and a quick ratio of 1.23. The firm has a market capitalization of $78.75 million, a P/E ratio of -122.00, a price-to-earnings-growth ratio of 80.00 and a beta of 2.50.
EVINE Live (NASDAQ:EVLV) last issued its quarterly earnings data on Wednesday, May 30th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The business had revenue of $156.51 million during the quarter, compared to analyst estimates of $156.41 million. EVINE Live had a return on equity of 1.90% and a net margin of 0.05%.
Several institutional investors have recently made changes to their positions in EVLV. Balter Liquid Alternatives LLC grew its holdings in shares of EVINE Live by 345.2% during the 1st quarter. Balter Liquid Alternatives LLC now owns 171,565 shares of the company’s stock valued at $175,000 after purchasing an additional 133,026 shares during the last quarter. Deutsche Bank AG bought a new stake in EVINE Live during the 4th quarter worth approximately $249,000. Millennium Management LLC grew its holdings in EVINE Live by 338.1% during the 4th quarter. Millennium Management LLC now owns 263,651 shares of the company’s stock worth $369,000 after acquiring an additional 203,464 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in EVINE Live during the 4th quarter worth approximately $482,000. Finally, Geode Capital Management LLC grew its holdings in EVINE Live by 23.1% during the 4th quarter. Geode Capital Management LLC now owns 388,662 shares of the company’s stock worth $543,000 after acquiring an additional 72,941 shares during the last quarter. 37.19% of the stock is currently owned by institutional investors.
EVLV has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of EVINE Live from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a report on Monday, March 12th. Lake Street Capital reduced their price objective on shares of EVINE Live to $2.00 and set a “buy” rating for the company in a research note on Thursday, March 15th. DA Davidson reduced their price objective on shares of EVINE Live from $1.50 to $1.35 and set a “buy” rating for the company in a research note on Friday, March 16th. Finally, ValuEngine raised shares of EVINE Live from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $1.88.
About EVINE Live
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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