Telsey Advisory Group Lowers Lulu’s Fashion Lounge (NASDAQ:LVLU) Price Target to $1.00

Lulu’s Fashion Lounge (NASDAQ:LVLU) had its price target cut by research analysts at Telsey Advisory Group from $2.00 to $1.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 135.74% from the company’s previous close.

Lulu’s Fashion Lounge Trading Down 3.6 %

NASDAQ:LVLU opened at $0.42 on Friday. The company has a market cap of $17.83 million, a PE ratio of -0.57 and a beta of 0.22. The company has a 50 day simple moving average of $0.71 and a two-hundred day simple moving average of $1.12. Lulu’s Fashion Lounge has a 12 month low of $0.41 and a 12 month high of $1.99.

Institutional Trading of Lulu’s Fashion Lounge

A hedge fund recently raised its stake 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% in the third quarter, according to the company in its most recent 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 0.41% of Lulu’s Fashion Lounge worth $272,000 as of its most recent SEC filing. 73.79% of the stock is owned by hedge funds and other institutional investors.

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.