Macquarie Group Ltd. Invests $251,000 in EVINE Live Inc (EVLV) Stock

Macquarie Group Ltd. acquired a new position in EVINE Live Inc (NASDAQ:EVLV) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 241,325 shares of the company’s stock, valued at approximately $251,000. Macquarie Group Ltd. owned approximately 0.37% of EVINE Live as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of EVLV. Teton Advisors Inc. raised its holdings in shares of EVINE Live by 15.7% in the 3rd 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. Goldman Sachs Group Inc. raised its holdings in shares of EVINE Live by 71.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock valued at $237,000 after buying an additional 98,744 shares during the period. Royce & Associates LP raised its holdings in shares of EVINE Live by 26.7% during the 2nd quarter. Royce & Associates LP now owns 666,393 shares of the company’s stock valued at $666,000 after buying an additional 140,400 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of EVINE Live by 7.0% during the 1st quarter. Renaissance Technologies LLC now owns 1,164,056 shares of the company’s stock valued at $1,490,000 after buying an additional 76,100 shares during the period. 33.30% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on EVLV shares. ValuEngine upgraded EVINE Live from a “strong sell” rating to a “sell” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded EVINE Live from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. B. Riley set a $2.00 price objective on EVINE Live and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, DA Davidson started coverage on EVINE Live in a research report on Friday, September 22nd. They set a “buy” rating and a $1.30 price objective for the company. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. EVINE Live has a consensus rating of “Buy” and a consensus price target of $1.95.

EVINE Live Inc (NASDAQ:EVLV) traded up $0.07 during midday trading on Thursday, hitting $1.48. The company had a trading volume of 355,067 shares, compared to its average volume of 254,171. EVINE Live Inc has a fifty-two week low of $0.89 and a fifty-two week high of $1.62. The company has a quick ratio of 1.13, a current ratio of 1.90 and a debt-to-equity ratio of 0.98. The firm has a market cap of $95.39, a PE ratio of -21.14, a PEG ratio of 71.50 and a beta of 3.38.

EVINE Live (NASDAQ:EVLV) last posted its quarterly earnings results on Tuesday, November 21st. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. EVINE Live had a negative return on equity of 5.30% and a negative net margin of 0.66%. The firm had revenue of $150.20 million during the quarter, compared to analysts’ expectations of $154.80 million. During the same quarter in the prior year, the firm posted ($0.06) EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. sell-side analysts predict that EVINE Live Inc will post 0.01 earnings per share for the current fiscal year.

In related news, Director Mark Holdsworth purchased 75,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were bought at an average price of $1.50 per share, with a total value of $112,500.00. Following the purchase, the director now directly owns 266,092 shares in the company, valued at approximately $399,138. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert Rosenblatt acquired 33,400 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were acquired at an average cost of $1.48 per share, for a total transaction of $49,432.00. Following the purchase, the chief executive officer now directly owns 1,169,284 shares in the company, valued at approximately $1,730,540.32. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 124,400 shares of company stock worth $185,372. 4.15% of the stock is owned by corporate insiders.

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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.

Institutional Ownership by Quarter for EVINE Live (NASDAQ:EVLV)

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