“Sales were weaker than expected while EBITDA and EPS were better than anticipated.”,” the firm’s analyst commented.
Other research analysts have also issued reports about the company. B. Riley reiterated a buy rating and set a $2.00 price objective on shares of EVINE Live in a research note on Wednesday, March 22nd. Zacks Investment Research lowered EVINE Live from a buy rating to a hold rating in a research note on Wednesday, November 23rd.
Shares of EVINE Live (NASDAQ:EVLV) opened at 1.33 on Wednesday. EVINE Live has a 12-month low of $0.80 and a 12-month high of $2.40. The firm’s market cap is $86.71 million. The firm’s 50-day moving average price is $1.33 and its 200 day moving average price is $1.69.
EVINE Live (NASDAQ:EVLV) last released its quarterly earnings data on Wednesday, March 22nd. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.00 by $0.03. EVINE Live had a negative return on equity of 7.31% and a negative net margin of 1.47%. The firm earned $190.50 million during the quarter, compared to analyst estimates of $200.52 million. During the same period in the prior year, the company posted $0.01 earnings per share. The business’s revenue for the quarter was down 9.9% compared to the same quarter last year. On average, equities analysts expect that EVINE Live will post ($0.18) earnings per share for the current fiscal year.
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In other news, major shareholder Corp Comcast sold 4,400,000 shares of the stock in a transaction on Tuesday, January 31st. The stock was sold at an average price of $1.12, for a total transaction of $4,928,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.49% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of EVINE Live by 23.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,087,956 shares of the company’s stock valued at $1,632,000 after buying an additional 205,300 shares during the last quarter. Royce & Associates LP boosted its stake in shares of EVINE Live by 114.4% in the fourth quarter. Royce & Associates LP now owns 505,993 shares of the company’s stock valued at $759,000 after buying an additional 270,000 shares during the last quarter. Teton Advisors Inc. boosted its stake in shares of EVINE Live by 16.1% in the fourth quarter. Teton Advisors Inc. now owns 289,200 shares of the company’s stock valued at $434,000 after buying an additional 40,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of EVINE Live by 11.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 904,896 shares of the company’s stock valued at $1,357,000 after buying an additional 92,595 shares during the last quarter. Finally, Oxford Asset Management acquired a new stake in shares of EVINE Live during the fourth quarter valued at approximately $112,000. Institutional investors own 40.04% 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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