68,848 Shares in The Lovesac Company $LOVE Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in shares of The Lovesac Company (NASDAQ:LOVE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 68,848 shares of the company’s stock, valued at approximately $1,149,000.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in shares of Lovesac by 130.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company’s stock valued at $35,000 after purchasing an additional 1,097 shares in the last quarter. Ancora Advisors LLC acquired a new position in shares of Lovesac during the third quarter worth $146,000. XTX Topco Ltd acquired a new position in shares of Lovesac during the fourth quarter worth $149,000. PFG Investments LLC purchased a new position in Lovesac in the fourth quarter valued at $156,000. Finally, HRT Financial LP purchased a new position in Lovesac in the fourth quarter valued at $160,000. 91.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lovesac

In other Lovesac news, Director Andrew R. Heyer bought 30,000 shares of the stock in a transaction dated Thursday, June 18th. The shares were acquired at an average cost of $14.68 per share, for a total transaction of $440,400.00. Following the completion of the transaction, the director owned 293,259 shares in the company, valued at approximately $4,305,042.12. The trade was a 11.40% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 33,550 shares of company stock valued at $490,146 over the last three months. 7.79% of the stock is currently owned by corporate insiders.

Lovesac Trading Down 1.0%

Shares of NASDAQ:LOVE opened at $17.11 on Tuesday. The firm has a 50 day simple moving average of $16.76 and a 200-day simple moving average of $15.12. The Lovesac Company has a twelve month low of $10.33 and a twelve month high of $20.88. The company has a market capitalization of $250.46 million, a PE ratio of 65.81, a P/E/G ratio of 0.98 and a beta of 2.02.

Lovesac (NASDAQ:LOVE) last posted its earnings results on Thursday, June 11th. The company reported ($0.76) EPS for the quarter, beating analysts’ consensus estimates of ($1.03) by $0.27. Lovesac had a net margin of 0.55% and a return on equity of 1.88%. The firm had revenue of $138.20 million for the quarter, compared to the consensus estimate of $136.66 million. During the same period last year, the firm posted ($0.73) EPS. The company’s revenue was down .1% on a year-over-year basis. Lovesac has set its Q2 2027 guidance at 0.200-0.480 EPS and its FY 2027 guidance at 0.340-0.810 EPS. As a group, equities research analysts predict that The Lovesac Company will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LOVE. Canaccord Genuity Group set a $22.00 price target on Lovesac in a report on Thursday, June 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lovesac in a report on Wednesday, June 24th. Finally, DA Davidson raised their target price on Lovesac from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.67.

Lovesac Profile

Lovesac, trading on NASDAQ under the symbol LOVE, is an American furniture company known for its modular seating systems and distinctive foam-filled “Sacs.” Founded in 1995 by Shawn Nelson, the company has built a reputation for innovative design that emphasizes comfort, durability and adaptability. Its core offerings include Sactionals—customizable sectional sofas assembled from individual “Sactional” cubes—and the original Lovesac Sacs, large fabric-covered bean bag chairs available in a variety of sizes and materials.

In addition to seating solutions, Lovesac has expanded into home entertainment products with the introduction of the Stage, a modular soundbar system designed to integrate seamlessly with Sactionals.