Brief Curiosity in Lulu’s Style Lounge Holdings, Inc. (NASDAQ:LVLU) Declines By 18.6%

Lulu’s Style Lounge Holdings, Inc. (NASDAQ:LVLU – Get Score) was the goal of a big lower briefly curiosity through the month of December. As of December thirtieth, there was brief curiosity totalling 830,700 shares, a lower of 18.6% from the December fifteenth whole of 1,020,000 shares. Based mostly on a mean each day quantity of 155,800 shares, the days-to-cover ratio is presently 5.3 days. At the moment, 5.7% of the shares of the inventory are brief offered.

Wall Road Analysts Forecast Progress

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A number of analysis companies have not too long ago commented on LVLU. Cowen lowered shares of Lulu’s Style Lounge from an “outperform” ranking to a “market carry out” ranking and lowered their worth goal for the corporate from $8.00 to $5.50 in a analysis report on Tuesday, November twenty second. Telsey Advisory Group decreased their goal worth on shares of Lulu’s Style Lounge from $12.00 to $9.00 and set an “outperform” ranking on the inventory in a analysis report on Wednesday, November sixteenth. KeyCorp decreased their goal worth on shares of Lulu’s Style Lounge from $10.00 to $7.00 and set an “obese” ranking on the inventory in a analysis report on Wednesday, November sixteenth. The Goldman Sachs Group decreased their goal worth on shares of Lulu’s Style Lounge from $8.75 to $5.00 and set a “purchase” ranking on the inventory in a analysis report on Monday, December twelfth. Lastly, Cowen lowered shares of Lulu’s Style Lounge from an “outperform” ranking to a “market carry out” ranking and decreased their goal worth for the inventory from $8.00 to $5.50 in a analysis report on Tuesday, November twenty second. 4 analysts have rated the inventory with a maintain ranking and 4 have assigned a purchase ranking to the corporate’s inventory. In keeping with MarketBeat, the corporate has a mean ranking of “Average Purchase” and a consensus goal worth of $9.25.

Lulu’s Style Lounge Inventory Down 0.7 %

Shares of LVLU opened at $3.00 on Friday. The agency has a market cap of $116.79 million, a PE ratio of -0.67 and a beta of -0.46. The corporate’s fifty day shifting common is $3.29 and its two-hundred day shifting common is $5.54. Lulu’s Style Lounge has a fifty-two week low of $2.16 and a fifty-two week excessive of $21.29. The corporate has a fast ratio of 0.42, a present ratio of 1.13 and a debt-to-equity ratio of 0.22.

Lulu’s Style Lounge (NASDAQ:LVLU – Get Score) final introduced its quarterly earnings outcomes on Tuesday, November fifteenth. The corporate reported $0.02 earnings per share for the quarter, lacking analysts’ consensus estimates of $0.09 by ($0.07). The corporate had income of $105.28 million through the quarter, in comparison with analyst estimates of $115.65 million. Lulu’s Style Lounge had a web margin of 0.04% and a return on fairness of 233.98%. Analysts forecast that Lulu’s Style Lounge will submit 0.17 earnings per share for the present 12 months.

Hedge Funds Weigh In On Lulu’s Style Lounge

Various hedge funds have not too long ago made adjustments to their positions in LVLU. Principal Monetary Group Inc. raised its stake in shares of Lulu’s Style Lounge by 25.8% within the 2nd quarter. Principal Monetary Group Inc. now owns 1,979,419 shares of the corporate’s inventory valued at $21,476,000 after buying an extra 405,422 shares through the interval. BlackRock Inc. raised its stake in shares of Lulu’s Style Lounge by 143.8% within the third quarter. BlackRock Inc. now owns 652,304 shares of the corporate’s inventory valued at $3,040,000 after buying an extra 384,735 shares through the interval. Vanguard Group Inc. raised its stake in shares of Lulu’s Style Lounge by 23.8% within the third quarter. Vanguard Group Inc. now owns 630,392 shares of the corporate’s inventory valued at $2,938,000 after buying an extra 120,985 shares through the interval. Renaissance Applied sciences LLC raised its stake in shares of Lulu’s Style Lounge by 105.4% within the 2nd quarter. Renaissance Applied sciences LLC now owns 132,700 shares of the corporate’s inventory valued at $1,440,000 after buying an extra 68,100 shares through the interval. Lastly, Russell Investments Group Ltd. raised its stake in shares of Lulu’s Style Lounge by 39.9% within the third quarter. Russell Investments Group Ltd. now owns 116,592 shares of the corporate’s inventory valued at $542,000 after buying an extra 33,240 shares through the interval. Institutional buyers and hedge funds personal 54.08% of the corporate’s inventory.

Lulu’s Style Lounge Firm Profile

(Get Score)

Lulu’s Style Lounge Holdings, Inc operates as an internet retailer of girls’s clothes, footwear, and equipment. The corporate gives clothes, tops, bottoms, bridal put on, intimates, swimwear, footwear, and equipment beneath the Lulus model. It sells its merchandise by means of owned media, which primarily consists of its web site, cellular app, social media platforms, e-mail, and SMS; and earned and paid media, in addition to social media platforms.

Additional Studying

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