EVINE Live Inc. (EVLV) Trading Up 15.3%

EVINE Live Inc. (NASDAQ:EVLV) was up 15.3% during mid-day trading on Friday . The stock traded as high as $1.48 and last traded at $1.28. Approximately 4,019,300 shares changed hands during trading, an increase of 1,766% from the average daily volume of 215,347 shares. The stock had previously closed at $1.11.

Several equities research analysts have issued reports on EVLV shares. B. Riley restated a “buy” rating and set a $2.00 target price on shares of EVINE Live in a research report on Wednesday, August 16th. ValuEngine downgraded EVINE Live from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 7th. DA Davidson started coverage on EVINE Live in a research report on Friday, September 22nd. They set a “buy” rating and a $1.30 target price on the stock. Finally, Zacks Investment Research downgraded EVINE Live from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. EVINE Live has an average rating of “Hold” and an average target price of $2.10.

The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.27 and a current ratio of 2.00.

EVINE Live (NASDAQ:EVLV) last posted its earnings results on Wednesday, August 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $148.95 million for the quarter, compared to the consensus estimate of $150.75 million. EVINE Live had a negative return on equity of 8.38% and a negative net margin of 1.08%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.03) earnings per share. analysts forecast that EVINE Live Inc. will post -0.02 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in EVLV. Goldman Sachs Group Inc. increased its holdings in shares of EVINE Live by 71.5% in the second 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. Macquarie Group Ltd. bought a new position in shares of EVINE Live in the third quarter worth $251,000. Teton Advisors Inc. increased its holdings in shares of EVINE Live by 15.7% in the third quarter. Teton Advisors Inc. now owns 369,200 shares of the company’s stock worth $384,000 after purchasing an additional 50,000 shares during the period. Royce & Associates LP increased its holdings in shares of EVINE Live by 26.7% in the second 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, Renaissance Technologies LLC increased its holdings in shares of EVINE Live by 7.0% in the first quarter. Renaissance Technologies LLC now owns 1,164,056 shares of the company’s stock worth $1,490,000 after purchasing an additional 76,100 shares during the period. 34.37% of the stock is currently owned by hedge funds and other institutional investors.

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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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