Qurate Retail (NASDAQ:QRTEA) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note issued to investors on Tuesday morning. The firm issued a hold rating on the stock.

Qurate Retail Stock Down 6.2 %

Shares of NASDAQ:QRTEA opened at $0.58 on Tuesday. The company has a market capitalization of $226.63 million, a PE ratio of -1.38 and a beta of 2.67. Qurate Retail has a 1 year low of $0.40 and a 1 year high of $1.80. The company has a debt-to-equity ratio of 10.65, a current ratio of 1.34 and a quick ratio of 0.90. The business has a fifty day moving average price of $0.63 and a two-hundred day moving average price of $0.80.

Qurate Retail (NASDAQ:QRTEA) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter. Qurate Retail had a negative net margin of 2.44% and a positive return on equity of 33.57%. The company had revenue of $2.41 billion during the quarter.

Insiders Place Their Bets

In related news, insider Renee L. Wilm sold 75,789 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $0.97, for a total transaction of $73,515.33. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Qurate Retail

Several hedge funds have recently bought and sold shares of QRTEA. DoubleLine ETF Adviser LP boosted its holdings in shares of Qurate Retail by 97.3% in the 2nd quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock worth $25,000 after purchasing an additional 19,265 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Qurate Retail during the fourth quarter worth approximately $29,000. Walleye Trading LLC bought a new stake in shares of Qurate Retail in the 1st quarter worth approximately $31,000. Jump Financial LLC purchased a new stake in shares of Qurate Retail in the 4th quarter valued at $33,000. Finally, Headlands Technologies LLC bought a new position in shares of Qurate Retail during the 1st quarter valued at $33,000. 64.10% of the stock is currently owned by institutional investors.

About Qurate Retail

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.