EVINE Live (NASDAQ:EVLV) Upgraded to “Buy” by Zacks Investment Research

EVINE Live (NASDAQ:EVLV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday, November 23rd. The firm currently has a $1.50 price objective on the stock. Zacks Investment Research‘s price target suggests a potential upside of 2.04% from the stock’s current price.

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. “

A number of other equities analysts have also recently weighed in on EVLV. B. Riley reaffirmed a “buy” rating and set a $2.00 price objective on shares of EVINE Live in a research report on Wednesday, November 22nd. ValuEngine upgraded shares of EVINE Live from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, DA Davidson started coverage on shares of EVINE Live in a report on Friday, September 22nd. They set a “buy” rating and a $1.30 target price on the stock. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $1.95.

Shares of EVINE Live (NASDAQ:EVLV) opened at $1.47 on Thursday. EVINE Live has a 1-year low of $0.89 and a 1-year high of $1.86. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.00 and a quick ratio of 1.27.

EVINE Live (NASDAQ:EVLV) last released its quarterly earnings results on Tuesday, November 21st. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. EVINE Live had a negative net margin of 0.66% and a negative return on equity of 5.28%. The firm had revenue of $150.20 million during the quarter, compared to the consensus estimate of $154.80 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. equities research analysts forecast that EVINE Live will post 0.01 EPS for the current year.

Large investors have recently bought and sold shares of the company. Macquarie Group Ltd. purchased a new stake in EVINE Live in the third quarter valued at approximately $251,000. Royce & Associates LP grew its stake in EVINE Live by 26.7% during the second quarter. Royce & Associates LP now owns 666,393 shares of the company’s stock worth $666,000 after buying an additional 140,400 shares during the period. Goldman Sachs Group Inc. grew its stake in EVINE Live by 71.5% during the second quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock worth $237,000 after buying an additional 98,744 shares during the period. Renaissance Technologies LLC grew its stake in EVINE Live by 7.0% during the first quarter. Renaissance Technologies LLC now owns 1,164,056 shares of the company’s stock worth $1,490,000 after buying an additional 76,100 shares during the period. Finally, Teton Advisors Inc. grew its stake in EVINE Live by 15.7% during the third quarter. Teton Advisors Inc. now owns 369,200 shares of the company’s stock worth $384,000 after buying an additional 50,000 shares during the period. 33.35% of the stock is owned by institutional investors and hedge funds.

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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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