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

Telsey Advisory Group reiterated their market perform rating on shares of Lulu’s Fashion Lounge (NASDAQ:LVLU) in a report issued on Thursday,Benzinga reports. The brokerage currently has a $2.00 price target on the stock.

Separately, The Goldman Sachs Group lowered their price objective on shares of Lulu’s Fashion Lounge from $1.25 to $1.00 and set a “neutral” rating for the company in a research report on Monday, August 5th.

Lulu’s Fashion Lounge Price Performance

Shares of LVLU opened at $1.43 on Thursday. The stock has a market capitalization of $59.73 million, a price-to-earnings ratio of -1.91 and a beta of 0.27. Lulu’s Fashion Lounge has a 1 year low of $1.02 and a 1 year high of $2.84. The business’s 50 day simple moving average is $1.52 and its 200-day simple moving average is $1.58.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

A hedge fund recently bought a new stake in Lulu’s Fashion Lounge stock. Sweeney & Michel LLC purchased a new position in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 51,059 shares of the company’s stock, valued at approximately $71,000. Sweeney & Michel LLC owned about 0.12% of Lulu’s Fashion Lounge as of its most recent SEC filing. 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 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.