ValuEngine Upgrades EVINE Live Inc (EVLV) to Sell

EVINE Live Inc (NASDAQ:EVLV) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday.

Several other equities research analysts also recently issued reports on the stock. B. Riley reissued a “buy” rating and set a $2.00 price objective on shares of EVINE Live in a research report on Wednesday, June 21st. DA Davidson started coverage on shares of EVINE Live in a research report on Friday, September 22nd. They set a “buy” rating and a $1.30 price objective for the company. Finally, Zacks Investment Research downgraded shares of EVINE Live from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. EVINE Live has a consensus rating of “Hold” and an average target price of $2.10.

Shares of EVINE Live (EVLV) opened at 1.15 on Tuesday. EVINE Live has a 52 week low of $0.89 and a 52 week high of $2.28. The firm’s 50 day moving average is $1.02 and its 200-day moving average is $1.13. The firm’s market cap is $75.01 million.

EVINE Live (NASDAQ:EVLV) last issued its quarterly earnings data on Wednesday, August 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.03). EVINE Live had a negative net margin of 1.34% and a negative return on equity of 10.57%. The company had revenue of $148.95 million during the quarter, compared to the consensus estimate of $150.75 million. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. The firm’s revenue was down 5.2% compared to the same quarter last year. Equities research analysts predict that EVINE Live will post ($0.02) EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “ValuEngine Upgrades EVINE Live Inc (EVLV) to Sell” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://ledgergazette.com/2017/10/10/valuengine-upgrades-evine-live-inc-evlv-to-sell.html.

In other EVINE Live news, Director Mark Holdsworth bought 50,000 shares of EVINE Live stock in a transaction that occurred on Friday, July 14th. The stock was acquired at an average price of $0.99 per share, for a total transaction of $49,500.00. Following the completion of the acquisition, the director now owns 216,092 shares of the company’s stock, valued at approximately $213,931.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.15% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings 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 purchasing an additional 98,744 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in EVINE Live during the first quarter worth $327,000. Royce & Associates LP boosted its holdings 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 purchasing an additional 140,400 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in EVINE Live by 8.3% during the first quarter. Russell Investments Group Ltd. now owns 1,000,000 shares of the company’s stock worth $1,280,000 after purchasing an additional 76,544 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings 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 purchasing an additional 76,100 shares during the last quarter. Institutiona

Several other equities research analysts also recently issued reports on the stock. B. Riley reissued a “buy” rating and set a $2.00 price objective on shares of EVINE Live in a research report on Wednesday, June 21st. DA Davidson started coverage on shares of EVINE Live in a research report on Friday, September 22nd. They set a “buy” rating and a $1.30 price objective for the company. Finally, Zacks Investment Research downgraded shares of EVINE Live from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. EVINE Live has a consensus rating of “Hold” and an average target price of $2.10.

Shares of EVINE Live (EVLV) opened at 1.15 on Tuesday. EVINE Live has a 52 week low of $0.89 and a 52 week high of $2.28. The firm’s 50 day moving average is $1.02 and its 200-day moving average is $1.13. The firm’s market cap is $75.01 million.

EVINE Live (NASDAQ:EVLV) last issued its quarterly earnings data on Wednesday, August 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.03). EVINE Live had a negative net margin of 1.34% and a negative return on equity of 10.57%. The company had revenue of $148.95 million during the quarter, compared to the consensus estimate of $150.75 million. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. The firm’s revenue was down 5.2% compared to the same quarter last year. Equities research analysts predict that EVINE Live will post ($0.02) EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “ValuEngine Upgrades EVINE Live Inc (EVLV) to Sell” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://ledgergazette.com/2017/10/10/valuengine-upgrades-evine-live-inc-evlv-to-sell.html.

In other EVINE Live news, Director Mark Holdsworth bought 50,000 shares of EVINE Live stock in a transaction that occurred on Friday, July 14th. The stock was acquired at an average price of $0.99 per share, for a total transaction of $49,500.00. Following the completion of the acquisition, the director now owns 216,092 shares of the company’s stock, valued at approximately $213,931.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.15% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings 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 purchasing an additional 98,744 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in EVINE Live during the first quarter worth $327,000. Royce & Associates LP boosted its holdings 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 purchasing an additional 140,400 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in EVINE Live by 8.3% during the first quarter. Russell Investments Group Ltd. now owns 1,000,000 shares of the company’s stock worth $1,280,000 after purchasing an additional 76,544 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings 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 purchasing an additional 76,100 shares during the last quarter. Institutional investors and hedge funds own 34.16% of the company’s stock.

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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