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 reiterated by equities researchers at Telsey Advisory Group in a research note issued on Thursday,Benzinga reports. They currently have a $2.00 price objective on the stock. Telsey Advisory Group’s price target suggests a potential upside of 344.44% from the company’s previous close.

Lulu’s Fashion Lounge Stock Performance

NASDAQ:LVLU opened at $0.45 on Thursday. The firm has a market capitalization of $18.91 million, a price-to-earnings ratio of -0.60 and a beta of 0.22. Lulu’s Fashion Lounge has a 52-week low of $0.41 and a 52-week high of $1.99. The stock has a fifty day moving average of $0.76 and a 200 day moving average of $1.14.

Institutional Investors Weigh In On Lulu’s Fashion Lounge

An institutional investor recently raised its position in Lulu’s Fashion Lounge stock. Geode Capital Management LLC raised its position in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) by 6.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,064 shares of the company’s stock after purchasing an additional 10,193 shares during the period. Geode Capital Management LLC owned approximately 0.41% of Lulu’s Fashion Lounge worth $272,000 at the end of the most recent reporting period. 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.