The price of Qurate Retail Inc. (NASDAQ:QRTEA) shares last traded on Wall Street rose 1.96% to $1.04.
Based on available information, 2 analysts follow Qurate Retail Inc. (NASDAQ:QRTEA). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $0.90 and a low of $0.50, we find $0.70. Given the previous closing price of $1.02, this indicates a potential downside of -31.37 percent. QRTEA stock price is now 12.53% away from the 50-day moving average and -35.59% away from the 200-day moving average. The market capitalization of the company currently stands at $437.93M.
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Among analysts, 1 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $0.70 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).
In other news, Rawlinson David, President/CEO sold 89,300 shares of the company’s stock on Mar 17. The stock was sold for $82,406 at an average price of $0.92. Upon completion of the transaction, the President/CEO now directly owns 372,004 shares in the company, valued at $0.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 17, Chief Legal/Admin Officer Wilm Renee L sold 18,100 shares of the business’s stock. A total of $16,708 was realized by selling the stock at an average price of $0.92. This leaves the insider owning 33,166 shares of the company worth $34492.64. Insiders disposed of 224,764 shares of company stock worth roughly $0.23 million over the past 1 year. A total of 0.20% 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 CONTRARIUS INVESTMENT MANAGEMENT LTD during the first quarter worth $37,788,000. ARISTEIA CAPITAL LLC invested $1,560,000 in shares of QRTEA during the first quarter. In the first quarter, THRIVENT FINANCIAL FOR LUTHERANS acquired a new stake in Qurate Retail Inc. valued at approximately $637,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in QRTEA for approximately $607,000. TWINBEECH CAPITAL LP purchased a new stake in QRTEA valued at around $311,000 in the second quarter.
A candlestick chart of Qurate Retail Inc. (NASDAQ: QRTEA) showed a price of $1.0000 on Thursday morning. During the past 12 months, Qurate Retail Inc. has had a low of $0.67 and a high of $4.23. As of last week, the company has a debt-to-equity ratio of 12.78, a current ratio of 1.70, and a quick ratio of 1.10. The fifty day moving average price for QRTEA is $0.9298 and a two-hundred day moving average price translates $1.6070 for the stock.
The latest earnings results from Qurate Retail Inc. (NASDAQ: QRTEA) was released for Mar, 2023. According to the Internet Retail Company, earnings per share came in at -$0.05, beating analysts’ expectations of -$0.08 by 0.03. This compares to $0.03 EPS in the same period last year. The net profit margin was -21.70% and return on equity was -239.70% for QRTEA. The company reported revenue of $2.64 billion for the quarter, compared to $2.88 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.29 percent. For the current quarter, analysts expect QRTEA to generate $2.71B 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 through multiple streaming services, social pages, websites, print catalogs, and in-store destinations.. 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.
