EVINE Live Inc (EVLV) is Initiated by Maxim Group to Buy, Price Target at $2.50

EVINE Live Inc (EVLV) was Initiated by Maxim Group to “Buy” and the brokerage firm has set the Price Target at $2.50. Maxim Group advised their investors in a research report released on Jun 9, 2016.

On the company’s financial health, EVINE Live Inc reported $-0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 25, 2016. Analyst had a consensus of $-0.06. The company had revenue of $166.90 million for the quarter, compared to analysts expectations of $162.13 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.

EVINE Live Inc opened for trading at $1.71 and hit $1.78 on the upside on Tuesday, eventually ending the session at $1.74, with a gain of 2.35% or 0.04 points. The heightened volatility saw the trading volume jump to 4,23,135 shares. Company has a market cap of $100 M.

In a different news, on Apr 11, 2016, Lowell W Robinson (director) purchased 6,500 shares at $1.15 per share price. According to the SEC, on Apr 11, 2016, Nick Vassallo (SVP, Corporate Controller) purchased 9,300 shares at $1.21 per share price. On Apr 11, 2016, Damon E. Schramm (SVP, Genl Counsel & Secy) purchased 10,000 shares at $1.20 per share price, according to the Form-4 filing with the securities and exchange commission.

EVINE Live Inc. formerly ValueVision Media Inc. is a digital commerce company. The Company markets sells and distributes products to consumers through television (TV) online mobile and social media. The Company 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 name and private label products in the categories of jewelry and watches home and consumer electronics beauty health and fitness and fashion and accessories. It also operates evine.com a digital commerce platform that sells products which appear on its television shopping network as well as an extended assortment of online-only merchandise. Its programming and products are also marketed through mobile devices including smartphones and tablets and through the social media channels.

EVINE Live Inc

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