iMedia Brands (NASDAQ:IMBI) Downgraded by B. Riley

iMedia Brands (NASDAQ:IMBIGet Rating) was downgraded by equities researchers at B. Riley from a “buy” rating to a “neutral” rating in a report released on Tuesday, The Fly reports.

A number of other equities research analysts also recently weighed in on the stock. DA Davidson cut their price target on shares of iMedia Brands from $22.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, June 16th. Craig Hallum cut their target price on shares of iMedia Brands from $20.00 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, May 25th.

Shares of iMedia Brands stock traded down $0.11 on Tuesday, hitting $1.22. The company had a trading volume of 180,972 shares, compared to its average volume of 109,182. iMedia Brands has a 52 week low of $1.22 and a 52 week high of $8.48. The company has a debt-to-equity ratio of 4.80, a current ratio of 1.33 and a quick ratio of 0.72. The company has a market cap of $29.38 million, a PE ratio of -0.85 and a beta of 1.88. The business has a 50-day simple moving average of $2.67 and a 200-day simple moving average of $4.88.

iMedia Brands (NASDAQ:IMBIGet Rating) last issued its quarterly earnings results on Tuesday, May 24th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.07). iMedia Brands had a negative net margin of 5.18% and a negative return on equity of 37.43%. During the same period in the prior year, the business earned ($0.21) EPS. On average, equities research analysts predict that iMedia Brands will post -1.02 earnings per share for the current fiscal year.

In other news, CEO Tim Peterman acquired 32,573 shares of the stock in a transaction on Wednesday, May 11th. The shares were purchased at an average cost of $3.07 per share, for a total transaction of $99,999.11. Following the transaction, the chief executive officer now owns 622,789 shares in the company, valued at approximately $1,911,962.23. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eyal Lalo bought 390,880 shares of iMedia Brands stock in a transaction dated Wednesday, May 11th. The stock was acquired at an average price of $3.07 per share, with a total value of $1,200,001.60. Following the acquisition, the director now directly owns 2,223,317 shares of the company’s stock, valued at $6,825,583.19. The disclosure for this purchase can be found here. Corporate insiders own 18.04% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Cooper Creek Partners Management LLC increased its stake in iMedia Brands by 6.6% in the 4th quarter. Cooper Creek Partners Management LLC now owns 990,111 shares of the company’s stock valued at $5,941,000 after buying an additional 61,114 shares during the period. Royce & Associates LP boosted its position in iMedia Brands by 32.1% during the first quarter. Royce & Associates LP now owns 989,228 shares of the company’s stock valued at $5,965,000 after purchasing an additional 240,454 shares during the last quarter. Russell Investments Group Ltd. grew its stake in iMedia Brands by 11.0% in the first quarter. Russell Investments Group Ltd. now owns 279,315 shares of the company’s stock valued at $1,683,000 after purchasing an additional 27,742 shares in the last quarter. BlackRock Inc. increased its position in iMedia Brands by 3.1% in the 4th quarter. BlackRock Inc. now owns 130,695 shares of the company’s stock worth $784,000 after purchasing an additional 3,927 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of iMedia Brands by 7.0% during the 4th quarter. Geode Capital Management LLC now owns 127,916 shares of the company’s stock worth $767,000 after purchasing an additional 8,383 shares in the last quarter. 33.92% of the stock is owned by hedge funds and other institutional investors.

iMedia Brands Company Profile (Get Rating)

iMedia Brands, Inc operates as an interactive media company in the United States and internationally. It operates through three segments: Entertainment, Consumer Brands, and Media Commerce Services. The company operates television networks, including ShopHQ that offers jewelry and watches, home, beauty and health, and fashion and accessories; ShopBulldogTV, which provides male-oriented products and services; ShopHQHealth that offers women and men products and services focused on health and wellness categories, such as physical, mental and spiritual health, financial and motivational wellness, weight management, and telehealth medical services; ShopJewelryHQ for jewelry products and services; and 1-2-3.tv, a retailing marketplace for live and automated auctions.

Featured Articles

The Fly logo

Receive News & Ratings for iMedia Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iMedia Brands and related companies with MarketBeat.com's FREE daily email newsletter.