Evine Live Inc. (EVLV) Trading 2.6% Higher
Shares of Evine Live Inc. (NASDAQ:EVLV) traded up 2.6% on Wednesday . The company traded as high as $2.01 and last traded at $1.96, with a volume of 149,081 shares trading hands. The stock had previously closed at $1.91.
A number of analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Evine Live from a “hold” rating to a “strong-buy” rating and set a $2.25 price objective for the company in a research note on Tuesday. Maxim Group assumed coverage on shares of Evine Live in a research note on Thursday, June 9th. They set a “buy” rating and a $2.50 price objective for the company. Finally, Brean Capital restated a “buy” rating and set a $3.00 price objective on shares of Evine Live in a research note on Thursday, March 24th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Evine Live has a consensus rating of “Buy” and a consensus target price of $3.44.
The company has a 50 day moving average price of $1.74 and a 200 day moving average price of $1.25. The company’s market capitalization is $112.67 million.
Evine Live (NASDAQ:EVLV) last issued its quarterly earnings data on Wednesday, May 25th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $167 million for the quarter, compared to analyst estimates of $162.13 million. Evine Live’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) EPS. Equities research analysts anticipate that Evine Live Inc. will post ($0.15) EPS for the current fiscal year.
In other news, insider Ge Capital Equity Investments sold 3,545,049 shares of the firm’s stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $2.15, for a total transaction of $7,621,855.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
An institutional investor recently raised its position in Evine Live stock. Russell Frank Co raised its position in shares of Evine Live Inc. (NASDAQ:EVLV) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,004,956 shares of the company’s stock after buying an additional 70,000 shares during the period. Russell Frank Co owned 1.76% of Evine Live worth $1,799,000 at the end of the most recent quarter.
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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