Evine Live Inc. (NASDAQ:EVLV) CMO Michael Arthur Henry bought 14,500 shares of the business’s stock in a transaction on Friday, October 14th. The stock was acquired at an average cost of $2.14 per share, for a total transaction of $31,030.00. Following the acquisition, the chief marketing officer now directly owns 52,916 shares of the company’s stock, valued at $113,240.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Evine Live Inc. (NASDAQ:EVLV) remained flat at $2.00 during midday trading on Monday. 101,898 shares of the company traded hands. The stock has a 50 day moving average of $2.08 and a 200 day moving average of $1.69. Evine Live Inc. has a 12-month low of $0.41 and a 12-month high of $3.17. The stock’s market cap is $114.67 million.
Evine Live (NASDAQ:EVLV) last released its quarterly earnings results on Wednesday, August 24th. The company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.01. The firm had revenue of $157 million for the quarter, compared to analyst estimates of $166.31 million. Evine Live had a negative net margin of 1.64% and a negative return on equity of 9.79%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.05) earnings per share. Analysts forecast that Evine Live Inc. will post ($0.14) EPS for the current year.
Several institutional investors have recently made changes to their positions in EVLV. Laurion Capital Management LP bought a new position in shares of Evine Live during the second quarter worth about $249,000. Paloma Partners Management Co bought a new position in shares of Evine Live during the second quarter worth about $295,000. Teton Advisors Inc. raised its position 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 last quarter. Diker Management LLC bought a new position in shares of Evine Live during the second quarter worth about $638,000. Finally, Renaissance Technologies LLC raised its position in shares of Evine Live by 202.9% in the first quarter. Renaissance Technologies LLC now owns 880,156 shares of the company’s stock worth $1,030,000 after buying an additional 589,600 shares during the last quarter. Institutional investors own 44.20% of the company’s stock.
A number of equities analysts have issued reports on EVLV shares. Zacks Investment Research cut shares of Evine Live from a “buy” rating to a “hold” rating in a report on Monday, August 22nd. B. Riley reissued a “buy” rating and issued a $3.50 target price on shares of Evine Live in a report on Monday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Evine Live presently has an average rating of “Hold” and an average price target of $2.81.
About Evine Live
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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