Lulu’s Fashion Lounge’s (LVLU) Market Perform Rating Reiterated at Telsey Advisory Group

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

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

Lulu’s Fashion Lounge Price Performance

Shares of LVLU stock opened at $1.43 on Thursday. The company has a market cap 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 firm has a fifty day moving average price of $1.52 and a 200-day moving average price of $1.58.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

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

About Lulu’s Fashion Lounge

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.