Shares of EVINE Live Inc (NASDAQ:EVLV) have received a consensus recommendation of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $1.33.
A number of research analysts have recently weighed in on the stock. ValuEngine raised shares of EVINE Live from a “sell” rating to a “hold” rating in a research note on Friday, December 21st. Lake Street Capital dropped their price objective on shares of EVINE Live to $1.00 and set a “buy” rating for the company in a research note on Thursday, November 29th. Zacks Investment Research cut shares of EVINE Live from a “hold” rating to a “strong sell” rating in a research note on Monday, December 3rd. TheStreet cut shares of EVINE Live from a “c-” rating to a “d” rating in a research note on Wednesday, November 28th. Finally, B. Riley set a $1.00 price objective on shares of EVINE Live and gave the stock a “buy” rating in a research note on Thursday, November 29th.
EVINE Live stock traded down $0.02 during mid-day trading on Thursday, reaching $0.35. The company had a trading volume of 487,456 shares, compared to its average volume of 296,671. EVINE Live has a 1 year low of $0.33 and a 1 year high of $1.74. 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 stock has a market cap of $25.66 million, a PE ratio of -34.68 and a beta of 2.58.
Several institutional investors and hedge funds have recently modified their holdings of EVLV. Acadian Asset Management LLC increased its stake in shares of EVINE Live by 18.6% during the 4th quarter. Acadian Asset Management LLC now owns 327,311 shares of the company’s stock worth $131,000 after purchasing an additional 51,382 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in EVINE Live in the 4th quarter worth approximately $137,000. JPMorgan Chase & Co. grew its stake in EVINE Live by 39.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 270,571 shares of the company’s stock worth $311,000 after acquiring an additional 76,711 shares during the period. Ancora Advisors LLC grew its stake in EVINE Live by 26.7% in the 3rd quarter. Ancora Advisors LLC now owns 1,152,990 shares of the company’s stock worth $1,326,000 after acquiring an additional 243,072 shares during the period. Finally, Renaissance Technologies LLC grew its stake in EVINE Live by 9.8% in the 3rd quarter. Renaissance Technologies LLC now owns 2,135,670 shares of the company’s stock worth $2,456,000 after acquiring an additional 190,414 shares during the period. 31.43% of the stock is 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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