Maxim Group Initiates Coverage on EVINE Live Inc to Buy

Maxim Group Initiates Coverage on EVINE Live Inc(NASDAQ:EVLV). The shares have been rated Buy. The rating by Maxim Group was issued on Jun 9, 2016.

EVINE Live Inc (EVLV) made into the market gainers list on Wednesdays trading session with the shares advancing 4.49% or 0.07 points. Due to strong positive momentum, the stock ended at $1.63, which is also near the day’s high of $1.66. The stock began the session at $1.56 and the volume stood at 1,21,130 shares. The 52-week high of the shares is $3.165 and the 52 week low is $0.411. The company has a current market capitalization of $93 M and it has 5,71,92,294 shares in outstanding.

EVINE Live Inc(EVLV) last announced its earnings results on May 25, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $166.92M. Analysts had an estimated revenue of $162.13M. Earnings per share were $-0.09. Analysts had estimated an EPS of $-0.07.

Several Insider Transactions has been reported to the SEC. On Apr 11, 2016, Lowell W Robinson (director) purchased 6,500 shares at $1.15 per share price.Also, 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 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.

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