Evine Live Inc. (EVLV) Director Purchases $99,450.00 in Stock
Evine Live Inc. (NASDAQ:EVLV) Director Landel C. Hobbs purchased 45,000 shares of Evine Live stock in a transaction dated Monday, September 19th. The stock was bought at an average cost of $2.21 per share, with a total value of $99,450.00. Following the completion of the purchase, the director now owns 132,575 shares in the company, valued at approximately $292,990.75. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Evine Live Inc. (NASDAQ:EVLV) opened at 2.19 on Wednesday. The company’s market capitalization is $125.56 million. The company has a 50 day moving average of $1.82 and a 200-day moving average of $1.52. Evine Live Inc. has a 12-month low of $0.41 and a 12-month high of $3.17.
Evine Live (NASDAQ:EVLV) last announced its quarterly earnings data on Wednesday, August 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Evine Live had a negative net margin of 1.64% and a negative return on equity of 9.79%. The company earned $157 million during the quarter, compared to analysts’ expectations of $166.31 million. During the same quarter in the prior year, the company posted ($0.05) EPS. The business’s revenue was down 2.5% on a year-over-year basis. On average, equities analysts anticipate that Evine Live Inc. will post ($0.14) EPS for the current fiscal year.
A number of brokerages have recently weighed in on EVLV. Zacks Investment Research raised shares of Evine Live from a “sell” rating to a “hold” rating in a research note on Thursday, May 26th. Maxim Group began coverage on shares of Evine Live in a research note on Thursday, June 9th. They issued a “buy” rating and a $2.50 price target for the company.
Several institutional investors have recently made changes to their positions in the stock. Laurion Capital Management LP acquired a new position in shares of Evine Live during the second quarter worth about $249,000. Envestnet Asset Management Inc. boosted its stake in shares of Evine Live by 152.9% in the first quarter. Envestnet Asset Management Inc. now owns 157,615 shares of the company’s stock worth $184,000 after buying an additional 95,294 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Evine Live by 133.1% in the first quarter. Goldman Sachs Group Inc. now owns 170,497 shares of the company’s stock worth $199,000 after buying an additional 97,369 shares during the period. Paloma Partners Management Co purchased a new stake in shares of Evine Live during the second quarter worth about $295,000. Finally, Teton Advisors Inc. boosted its stake in shares of Evine Live by 4.2% in the second quarter. Teton Advisors Inc. now owns 249,200 shares of the company’s stock worth $411,000 after buying an additional 10,000 shares during the period. Institutional investors own 44.36% of the company’s stock.
Evine Live Company Profile
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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