Stocks of Qurate Retail Inc. (NASDAQ:QRTEA) traded higher last session on Wall Street, up 13.47% to $2.19.
According to the data, Qurate Retail Inc. (NASDAQ:QRTEA) has 3 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $2.50 and a low of $1.20, we find $2.00. Given the previous closing price of $1.93, this indicates a potential upside of 3.63 percent. QRTEA stock price is now -0.01% away from the 50-day moving average and -38.88% away from the 200-day moving average. The market capitalization of the company currently stands at $929.76M.
A total of 2 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $1.90 as their price target over the next twelve months.
With the price target reduced from $4 to $1.20, BofA Securities Downgraded its rating from Neutral to Underperform for Qurate Retail Inc. (NASDAQ: QRTEA). On February 28, 2022, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $11.50 to quote $6.30, while ‘Citigroup’ rates the stock as ‘Neutral’.
In other news, Wendling Brian J, CAO/PFO sold 15,732 shares of the company’s stock on Aug 30. The stock was sold for $49,875 at an average price of $3.17. Upon completion of the transaction, the CAO/PFO now directly owns 59,584 shares in the company, valued at $0.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 29, CAO/PFO Wendling Brian J sold 9,268 shares of the business’s stock. A total of $29,662 was realized by selling the stock at an average price of $3.20. This leaves the insider owning 75,316 shares of the company worth $0.16 million. Insiders disposed of 529,866 shares of company stock worth roughly $1.16 million over the past 1 year. A total of 8.94% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in QRTEA stock. A new stake in Qurate Retail Inc. shares was purchased by SCION ASSET MANAGEMENT, LLC during the first quarter worth $10,950,000. SAMLYN CAPITAL, LLC invested $3,295,000 in shares of QRTEA during the first quarter. In the first quarter, GRAHAM CAPITAL MANAGEMENT, L.P. acquired a new stake in Qurate Retail Inc. valued at approximately $791,000. MIRAMAR CAPITAL, LLC acquired a new stake in QRTEA for approximately $350,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD purchased a new stake in QRTEA valued at around $325,000 in the second quarter. In total, there are 414 active investors with 85.90% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $1.9600 for Qurate Retail Inc. (NASDAQ: QRTEA). During the past 12 months, Qurate Retail Inc. has had a low of $1.50 and a high of $8.69. As of last week, the company has a debt-to-equity ratio of 30.52, a current ratio of 1.30, and a quick ratio of 0.70. The fifty day moving average price for QRTEA is $2.1782 and a two-hundred day moving average price translates $3.5593 for the stock.
The latest earnings results from Qurate Retail Inc. (NASDAQ: QRTEA) was released for Jun, 2022. According to the Internet Retail Company, earnings per share came in at $0.12, missing analysts’ expectations of $0.14 by -0.02. This compares to $0.36 EPS in the same period last year. The net profit margin was -21.80% and return on equity was -122.10% for QRTEA. The company reported revenue of $2.74 billion for the quarter, compared to $3.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.72 percent. For the current quarter, analysts expect QRTEA to generate $2.82B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/22/2021. Investors who held shares on 11/15/2021 were paid a $1.25 dividend.
Qurate Retail Inc.(QRTEA) Company Profile
Qurate Retail, Inc., together with its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through merchandise-focused televised shopping programs, Internet, and mobile applications. It also operates as an online retailer offering women’s, children’s, and men’s apparel; and other products, such as home, accessories, and beauty products through its app, mobile, and desktop applications. The company serves approximately 200 million homes worldwide. The company was formerly known as Liberty Interactive Corporation and changed its name to Qurate Retail, Inc. in April 2018. Qurate Retail, Inc. was founded in 1991 and is headquartered in Englewood, Colorado.