Evine (NASDAQ:EVLV) has been assigned a consensus rating of “Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $2.09.

A number of equities analysts have recently issued reports on EVLV shares. Zacks Investment Research upgraded shares of Evine from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a research report on Monday, March 12th. Lake Street Capital reduced their target price on shares of Evine to $2.00 and set a “buy” rating on the stock in a research report on Thursday, March 15th. Finally, DA Davidson reduced their target price on shares of Evine from $1.50 to $1.35 and set a “buy” rating on the stock in a research report on Friday, March 16th.

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Several institutional investors and hedge funds have recently bought and sold shares of the stock. Teton Advisors Inc. raised its stake in shares of Evine by 13.5% during the fourth quarter. Teton Advisors Inc. now owns 419,200 shares of the company’s stock worth $587,000 after buying an additional 50,000 shares during the last quarter. Geode Capital Management LLC increased its stake in Evine by 23.1% in the fourth quarter. Geode Capital Management LLC now owns 388,662 shares of the company’s stock valued at $543,000 after purchasing an additional 72,941 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Evine in the fourth quarter valued at approximately $112,000. Deutsche Bank AG bought a new stake in Evine in the fourth quarter valued at approximately $249,000. Finally, Millennium Management LLC increased its stake in Evine by 338.1% in the fourth quarter. Millennium Management LLC now owns 263,651 shares of the company’s stock valued at $369,000 after purchasing an additional 203,464 shares in the last quarter. 38.29% of the stock is owned by institutional investors and hedge funds.

Shares of EVLV stock traded up $0.01 during trading hours on Monday, reaching $0.85. 110,338 shares of the company were exchanged, compared to its average volume of 247,223. Evine has a fifty-two week low of $0.76 and a fifty-two week high of $1.62. The firm has a market capitalization of $54.90, a price-to-earnings ratio of -85.00, a PEG ratio of 18.66 and a beta of 2.60. The company has a current ratio of 2.08, a quick ratio of 1.35 and a debt-to-equity ratio of 0.85.

Evine (NASDAQ:EVLV) last announced its earnings results on Wednesday, March 14th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.10. Evine had a net margin of 0.02% and a return on equity of 0.37%. The company had revenue of $192.72 million for the quarter, compared to analyst estimates of $202.20 million. equities research analysts forecast that Evine will post 0.01 earnings per share for the current fiscal year.

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About Evine

EVINE Live Inc operates as a multiplatform video commerce company in the United States. The company markets, sells, and distributes products to consumers through television, online, mobile, and social media in various merchandise categories, such as jewelry and watches, which include silver, gold, and gemstones to simulated diamonds; home and consumer electronics, which include home d├ęcor, bed and bath textiles, cookware, kitchen electrics, mattresses, tabletop accessories, and home furnishings; beauty products, including skincare, cosmetics, hair care, and bath and body products; and fashion and accessories, such as apparel, outerwear, intimates, handbags, accessories, and footwear.

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