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

Lulu’s Fashion Lounge (NASDAQ:LVLU)‘s stock had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group in a research note issued to investors on Thursday,Benzinga reports. They currently have a $2.00 price objective on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 276.58% from the stock’s current price.

Lulu’s Fashion Lounge Trading Up 23.5 %

Shares of LVLU stock traded up $0.10 on Thursday, reaching $0.53. 516,813 shares of the company’s stock were exchanged, compared to its average volume of 28,827. Lulu’s Fashion Lounge has a 52 week low of $0.38 and a 52 week high of $1.99. The stock has a market capitalization of $22.32 million, a PE ratio of -0.71 and a beta of 0.22. The company’s fifty day simple moving average is $0.78 and its 200 day simple moving average is $1.16.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Lulu’s Fashion Lounge stock. Geode Capital Management LLC boosted its position in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 170,064 shares of the company’s stock after purchasing an additional 10,193 shares during the quarter. Geode Capital Management LLC owned about 0.41% of Lulu’s Fashion Lounge worth $272,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 73.79% of the company’s stock.

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.