Shares of Evine (NASDAQ:EVLV) hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $0.76 and last traded at $0.78, with a volume of 489098 shares traded. The stock had previously closed at $0.84.
Several analysts have issued reports on the company. Zacks Investment Research lowered Evine from a “buy” rating to a “hold” rating in a research note on Thursday, March 15th. Lake Street Capital cut their target price on Evine to $2.00 and set a “buy” rating for the company in a research note on Thursday, March 15th. Finally, DA Davidson cut their target price on Evine from $1.50 to $1.35 and set a “buy” rating for the company in a research note on Friday, March 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Evine currently has a consensus rating of “Buy” and an average price target of $1.97.
The company has a market capitalization of $57.70, a PE ratio of -82.00, a P/E/G ratio of 19.61 and a beta of 2.60. The company has a quick ratio of 1.13, a current ratio of 1.90 and a debt-to-equity ratio of 0.98.
A number of institutional investors and hedge funds have recently modified their holdings of EVLV. Acadian Asset Management LLC purchased a new stake in shares of Evine during the fourth quarter valued at approximately $112,000. Deutsche Bank AG purchased a new stake in shares of Evine during the fourth quarter valued at approximately $249,000. Macquarie Group Ltd. purchased a new stake in shares of Evine during the third quarter valued at approximately $251,000. Millennium Management LLC boosted its stake in shares of Evine by 338.1% during the fourth quarter. Millennium Management LLC now owns 263,651 shares of the company’s stock valued at $369,000 after purchasing an additional 203,464 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of Evine during the fourth quarter valued at approximately $482,000. 38.34% of the stock is owned by institutional investors and hedge funds.
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EVINE Live Inc operates as a multiplatform video 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, which include home décor, bed and bath textiles, cookware, kitchen electrics, mattresses, tabletop accessories, and home furnishings; beauty products, including skincare, cosmetics, hair care, and bath and body products; and fashion and accessories, such as apparel, outerwear, intimates, handbags, accessories, and footwear.
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