EVINE Live (EVLV) Downgraded to Sell at ValuEngine
ValuEngine cut shares of EVINE Live (NASDAQ:EVLV) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.
EVLV has been the subject of a number of other research reports. TheStreet upgraded shares of EVINE Live from a d rating to a c- rating in a research note on Monday, July 23rd. B. Riley increased their price objective on shares of EVINE Live from $1.50 to $1.75 and gave the company a buy rating in a research note on Thursday, August 30th. Zacks Investment Research upgraded shares of EVINE Live from a hold rating to a buy rating and set a $1.50 price objective for the company in a research note on Friday, August 31st. Finally, DA Davidson increased their price objective on shares of EVINE Live from $1.35 to $2.00 and gave the company a buy rating in a research note on Thursday, May 31st. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $1.81.
NASDAQ:EVLV opened at $1.27 on Tuesday. The firm has a market cap of $85.31 million, a P/E ratio of 21.67, a P/E/G ratio of 14.44 and a beta of 2.39. EVINE Live has a one year low of $0.76 and a one year high of $1.74. The company has a quick ratio of 1.23, a current ratio of 1.95 and a debt-to-equity ratio of 0.84.
Institutional investors and hedge funds have recently bought and sold shares of the company. Balter Liquid Alternatives LLC grew its holdings in shares of EVINE Live by 345.2% in the 1st quarter. Balter Liquid Alternatives LLC now owns 171,565 shares of the company’s stock worth $175,000 after purchasing an additional 133,026 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of EVINE Live in the 4th quarter worth about $249,000. Acadian Asset Management LLC bought a new stake in shares of EVINE Live in the 2nd quarter worth about $290,000. Millennium Management LLC grew its holdings in shares of EVINE Live by 338.1% in the 4th quarter. Millennium Management LLC now owns 263,651 shares of the company’s stock worth $369,000 after purchasing an additional 203,464 shares during the last quarter. Finally, Ancora Advisors LLC grew its holdings in shares of EVINE Live by 105.0% in the 1st quarter. Ancora Advisors LLC now owns 904,950 shares of the company’s stock worth $923,000 after purchasing an additional 463,551 shares during the last quarter. 36.02% of the stock is currently owned by institutional investors and hedge funds.
About EVINE Live
EVINE Live Inc operates as a multiplatform interactive digital 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 comprising home décor, bed and bath textiles, cookware, kitchen electrics, tabletop accessories, and home furnishings; beauty products, such as skincare, cosmetics, hair care, and bath and body products; and fashion and accessories, including apparel, outerwear, intimates, handbags, accessories, and footwear.
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