Macquarie Group Ltd. reduced its holdings in EVINE Live Inc (NASDAQ:EVLV) by 29.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 208,229 shares of the company’s stock after selling 87,064 shares during the period. Macquarie Group Ltd. owned approximately 0.31% of EVINE Live worth $239,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of EVLV. Clinton Group Inc. raised its holdings in EVINE Live by 4.4% in the third quarter. Clinton Group Inc. now owns 1,067,912 shares of the company’s stock worth $1,228,000 after purchasing an additional 45,420 shares during the period. JPMorgan Chase & Co. raised its holdings in EVINE Live by 39.6% in the third quarter. JPMorgan Chase & Co. now owns 270,571 shares of the company’s stock worth $311,000 after purchasing an additional 76,711 shares during the period. Renaissance Technologies LLC raised its holdings in EVINE Live by 5.0% in the second quarter. Renaissance Technologies LLC now owns 1,945,256 shares of the company’s stock worth $2,393,000 after purchasing an additional 92,100 shares during the period. Ancora Advisors LLC raised its holdings in EVINE Live by 26.7% in the third quarter. Ancora Advisors LLC now owns 1,152,990 shares of the company’s stock worth $1,326,000 after purchasing an additional 243,072 shares during the period. Finally, Private Capital Advisors Inc. acquired a new stake in EVINE Live in the third quarter worth $2,795,000. Institutional investors own 38.70% of the company’s stock.
EVLV opened at $0.56 on Monday. The company has a current ratio of 1.82, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $32.58 million, a price-to-earnings ratio of -56.21 and a beta of 2.25. EVINE Live Inc has a twelve month low of $0.37 and a twelve month high of $1.74.
EVINE Live (NASDAQ:EVLV) last posted its earnings results on Wednesday, November 28th. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.13). The firm had revenue of $131.71 million during the quarter, compared to analyst estimates of $152.43 million. EVINE Live had a negative return on equity of 5.87% and a negative net margin of 0.91%. Research analysts predict that EVINE Live Inc will post -0.1 earnings per share for the current year.
Several research firms have weighed in on EVLV. Zacks Investment Research lowered shares of EVINE Live from a “hold” rating to a “strong sell” rating in a report on Monday, December 3rd. ValuEngine upgraded shares of EVINE Live from a “sell” rating to a “hold” rating in a report on Friday, December 21st. Lake Street Capital cut their target price on shares of EVINE Live to $1.00 and set a “buy” rating on the stock in a report on Thursday, November 29th. TheStreet lowered shares of EVINE Live from a “c-” rating to a “d” rating in a report on Wednesday, November 28th. Finally, B. Riley set a $1.00 target price on shares of EVINE Live and gave the stock a “buy” rating in a report on Thursday, November 29th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. EVINE Live currently has a consensus rating of “Buy” and a consensus price target of $1.38.
EVINE Live Company Profile
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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