Lulu’s Fashion Lounge (NASDAQ:LVLU) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Lulu’s Fashion Lounge (NASDAQ:LVLU) in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a $2.00 target price on the stock.

Lulu’s Fashion Lounge Stock Performance

LVLU stock opened at $0.53 on Thursday. The stock has a fifty day moving average of $0.77 and a 200-day moving average of $1.15. Lulu’s Fashion Lounge has a fifty-two week low of $0.41 and a fifty-two week high of $1.99. The company has a market capitalization of $22.32 million, a price-to-earnings ratio of -0.71 and a beta of 0.22.

Institutional Trading of Lulu’s Fashion Lounge

An institutional investor recently raised its position in Lulu’s Fashion Lounge stock. Geode Capital Management LLC raised its holdings in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) by 6.4% during the third quarter, according to its most recent 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 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 and Exchange Commission (SEC). Hedge funds and other institutional investors 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.