Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Free Report)’s stock price rose 3.2% during trading on Thursday . The stock traded as high as $1.61 and last traded at $1.59. Approximately 6,494 shares changed hands during trading, a decline of 72% from the average daily volume of 23,390 shares. The stock had previously closed at $1.54.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on LVLU shares. Telsey Advisory Group restated a “market perform” rating and issued a $2.00 price objective on shares of Lulu’s Fashion Lounge in a report on Thursday, August 15th. The Goldman Sachs Group cut their price target on Lulu’s Fashion Lounge from $1.25 to $1.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th.
Read Our Latest Report on LVLU
Lulu’s Fashion Lounge Trading Up 3.2 %
Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported ($0.26) EPS for the quarter. The firm had revenue of $91.97 million during the quarter, compared to the consensus estimate of $91.30 million. Lulu’s Fashion Lounge had a negative net margin of 8.45% and a negative return on equity of 47.64%. On average, analysts forecast that Lulu’s Fashion Lounge Holdings, Inc. will post -0.61 EPS for the current fiscal year.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Lulu’s Fashion Lounge stock. Sweeney & Michel LLC acquired a new stake in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 51,059 shares of the company’s stock, valued at approximately $71,000. Sweeney & Michel LLC owned approximately 0.12% of Lulu’s Fashion Lounge at the end of the most recent reporting period. 73.79% of the stock is owned by institutional investors.
Lulu’s Fashion Lounge Company Profile
Lulu's Fashion Lounge Holdings, Inc operates as an online retailer of women's apparel, footwear, and accessories. The company offers formals, casuals, dresses, tops, bottoms, wedding dresses, rompers and jumpsits, intimates and sleepwear, swimwear, shoes, and accessories under the Lulus brand.
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