EVINE Live Inc (EVLV) Given Average Rating of “Buy” by Analysts

EVINE Live Inc (NASDAQ:EVLV) has been assigned a consensus rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $1.33.

Separately, Zacks Investment Research raised shares of EVINE Live from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 29th.

EVLV stock traded up $0.02 during midday trading on Tuesday, reaching $0.45. 472,688 shares of the company’s stock traded hands, compared to its average volume of 593,643. The stock has a market cap of $34.53 million, a price-to-earnings ratio of -1.42 and a beta of 2.43. The company has a quick ratio of 1.16, a current ratio of 1.84 and a debt-to-equity ratio of 1.06. EVINE Live has a fifty-two week low of $0.32 and a fifty-two week high of $1.74.

EVINE Live (NASDAQ:EVLV) last announced its quarterly earnings results on Wednesday, March 27th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.01. The firm had revenue of $157.62 million for the quarter, compared to analysts’ expectations of $155.08 million. EVINE Live had a negative net margin of 3.71% and a negative return on equity of 27.89%.

In other news, CEO Tim Peterman acquired 166,667 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were bought at an average price of $0.75 per share, for a total transaction of $125,000.25. Following the completion of the purchase, the chief executive officer now directly owns 328,667 shares of the company’s stock, valued at approximately $246,500.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Eyal Lalo acquired 4,000,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average price of $0.75 per share, for a total transaction of $3,000,000.00. Following the purchase, the director now directly owns 20,436 shares of the company’s stock, valued at $15,327. The disclosure for this purchase can be found here. Company insiders own 6.07% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its stake in shares of EVINE Live by 16.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 210,577 shares of the company’s stock valued at $99,000 after purchasing an additional 29,846 shares during the period. Acadian Asset Management LLC raised its stake in shares of EVINE Live by 18.6% during the fourth quarter. Acadian Asset Management LLC now owns 327,311 shares of the company’s stock valued at $131,000 after purchasing an additional 51,382 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of EVINE Live in the fourth quarter worth $137,000. Finally, Renaissance Technologies LLC increased its stake in shares of EVINE Live by 9.8% in the third quarter. Renaissance Technologies LLC now owns 2,135,670 shares of the company’s stock worth $2,456,000 after buying an additional 190,414 shares during the last quarter. Institutional investors own 25.38% of the company’s stock.

EVINE Live Company Profile

EVINE Live Inc operates as a multiplatform interactive digital 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 comprising home décor, bed and bath textiles, cookware, kitchen electrics, tabletop accessories, and home furnishings; beauty products, such as skincare, cosmetics, hair care, and bath and body products; and fashion and accessories, including apparel, outerwear, intimates, handbags, accessories, and footwear.

Further Reading: What is the Quick Ratio?

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