iMedia Brands (NASDAQ:IMBI) Lowered to “Neutral” at B. Riley

iMedia Brands (NASDAQ:IMBIGet Rating) was downgraded by investment analysts at B. Riley from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, June 21st, Marketbeat Ratings reports.

IMBI has been the topic of several other research reports. DA Davidson decreased their price objective on iMedia Brands from $22.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, June 16th. Craig Hallum decreased their price objective on iMedia Brands from $20.00 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, May 25th.

Shares of NASDAQ:IMBI traded down $0.04 during trading on Tuesday, hitting $1.14. 126,236 shares of the stock were exchanged, compared to its average volume of 110,495. iMedia Brands has a 1-year low of $1.11 and a 1-year high of $8.25. The company has a market capitalization of $27.46 million, a price-to-earnings ratio of -0.82 and a beta of 1.88. The company’s fifty day simple moving average is $2.39 and its 200-day simple moving average is $4.71. The company has a debt-to-equity ratio of 4.80, a quick ratio of 0.72 and a current ratio of 1.33.

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

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

A number of institutional investors have recently bought and sold shares of the business. D.A. Davidson & CO. boosted its stake in iMedia Brands by 22.8% in the first quarter. D.A. Davidson & CO. now owns 21,518 shares of the company’s stock worth $130,000 after purchasing an additional 4,000 shares in the last quarter. Moors & Cabot Inc. acquired a new position in iMedia Brands in the third quarter worth $298,000. BlackRock Inc. boosted its stake in iMedia Brands by 7.1% in the third quarter. BlackRock Inc. now owns 126,768 shares of the company’s stock worth $730,000 after purchasing an additional 8,406 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in iMedia Brands by 15.1% in the first quarter. Dimensional Fund Advisors LP now owns 96,688 shares of the company’s stock worth $583,000 after purchasing an additional 12,663 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in iMedia Brands in the first quarter worth $96,000. 33.92% of the stock is currently owned by institutional investors.

About iMedia Brands (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.

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