iMedia Brands, Inc. (NASDAQ:IMBI – Get Rating) – Equities researchers at B. Riley lowered their Q4 2023 EPS estimates for iMedia Brands in a research note issued to investors on Tuesday, March 14th. B. Riley analyst E. Wold now forecasts that the company will post earnings per share of $0.00 for the quarter, down from their previous estimate of $0.03. The consensus estimate for iMedia Brands' current full-year earnings is ($1.66) per share. B. Riley also issued estimates for iMedia Brands' Q4 2024 earnings at $0.21 EPS and Q4 2025 earnings at $0.29 EPS.
Get iMedia Brands alerts:Separately, Lake Street Capital cut their target price on shares of iMedia Brands from $3.00 to $2.00 in a research report on Wednesday, November 23rd.
iMedia Brands Stock Down 14.7 %
Shares of IMBI opened at $0.56 on Wednesday. iMedia Brands has a 12 month low of $0.44 and a 12 month high of $7.25. The firm's 50 day moving average is $0.74 and its 200-day moving average is $0.67. The stock has a market capitalization of $16.28 million, a PE ratio of -0.29 and a beta of 2.10. The company has a current ratio of 0.85, a quick ratio of 0.39 and a debt-to-equity ratio of 4.54.
Institutional Investors Weigh In On iMedia Brands
Several hedge funds and other institutional investors have recently bought and sold shares of IMBI. HighTower Advisors LLC purchased a new position in iMedia Brands in the first quarter valued at about $96,000. D.A. Davidson & CO. grew its stake in iMedia Brands by 22.8% in the 1st quarter. D.A. Davidson & CO. now owns 21,518 shares of the company's stock worth $130,000 after buying an additional 4,000 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in iMedia Brands by 15.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 96,688 shares of the company's stock worth $583,000 after buying an additional 12,663 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of iMedia Brands by 54.3% during the 2nd quarter. International Assets Investment Management LLC now owns 61,756 shares of the company's stock valued at $75,000 after purchasing an additional 21,741 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in iMedia Brands by 32.8% in the third quarter. Royce & Associates LP now owns 1,312,947 shares of the company's stock worth $840,000 after purchasing an additional 324,537 shares during the last quarter. 26.02% of the stock is owned by institutional investors.
About iMedia Brands
(Get Rating)
iMedia Brands, Inc operates as a interactive media company, which owns a growing portfolio of lifestyle television networks, consumer brands and media commerce services. It operates through the ShopHQ and Emerging segments. The ShopHQ segment consists of products sold on its digital commerce platforms, including jewelry and watches, home and consumer, electronics, beauty and wellness, and fashion and accessories.
See Also
- Get a free copy of the StockNews.com research report on iMedia Brands (IMBI)
- Meta Platforms: Efficiency Gains Momentum, Stock Accelerates
- Pfizer's Latest Acquisition Strengthens the Case for PFE Stock
- SentinelOne: Reversal In-Play For Cybersecurity Stocks
- Is Sportradar Group A Growth Stock To Bet On In 2023?
- Strong Guidance says Boeing is Ready for Takeoff
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.