Telsey Advisory Group Reaffirms “Market Perform” Rating for Lulu’s Fashion Lounge (NASDAQ:LVLU)

Lulu’s Fashion Lounge (NASDAQ:LVLU)‘s stock had its “market perform” rating reaffirmed by stock analysts at Telsey Advisory Group in a research report issued on Thursday,Benzinga reports. They presently have a $2.00 price target on the stock. Telsey Advisory Group’s price target suggests a potential upside of 344.44% from the stock’s previous close.

Lulu’s Fashion Lounge Price Performance

NASDAQ:LVLU opened at $0.45 on Thursday. The business has a fifty day simple moving average of $0.76 and a two-hundred day simple moving average of $1.14. Lulu’s Fashion Lounge has a 1 year low of $0.41 and a 1 year high of $1.99. The company has a market capitalization of $18.91 million, a P/E ratio of -0.60 and a beta of 0.22.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

An institutional investor recently raised its position in Lulu’s Fashion Lounge stock. Geode Capital Management LLC lifted its stake in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) by 6.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,064 shares of the company’s stock after acquiring an additional 10,193 shares during the period. Geode Capital Management LLC owned approximately 0.41% of Lulu’s Fashion Lounge worth $272,000 at the end of the most recent reporting period. 73.79% of the stock is currently owned by institutional investors and hedge funds.

Lulu’s Fashion Lounge Company Profile

Lulu’s Fashion Lounge Holdings, Inc engages in providing an online website for clothing. It offers retailing of women’s clothing, shoes, and accessories. The company was founded in 1996 and is headquartered in Chico, CA.