Evine Live Inc. (EVLV) Trading 8.1% Higher
Evine Live Inc. (NASDAQ:EVLV) traded up 8.1% during mid-day trading on Tuesday . The company traded as high as $2.02 and last traded at $2.00, with a volume of 292,069 shares trading hands. The stock had previously closed at $1.85.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research raised Evine Live from a “hold” rating to a “strong-buy” rating and set a $2.25 price target for the company in a report on Tuesday, July 19th. Maxim Group assumed coverage on Evine Live in a report on Thursday, June 9th. They issued a “buy” rating and a $2.50 price target for the company. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Evine Live has an average rating of “Buy” and a consensus target price of $3.44.
The company’s 50-day moving average price is $1.77 and its 200 day moving average price is $1.26. The firm’s market capitalization is $111.52 million.
Evine Live (NASDAQ:EVLV) last released its quarterly earnings data on Wednesday, May 25th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating 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. During the same period in the previous year, the business posted ($0.04) EPS. Evine Live’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts forecast that Evine Live Inc. will post ($0.15) EPS for the current fiscal year.
In related news, insider Ge Capital Equity Investments sold 3,545,049 shares of Evine Live stock in a transaction on Friday, April 29th. The stock was sold at an average price of $2.15, for a total transaction of $7,621,855.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
A hedge fund recently raised its stake in Evine Live stock. Russell Frank Co increased its stake 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 institutional investor 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 reporting period.
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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