Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Rating) had its price objective lowered by equities research analysts at Piper Sandler from $11.00 to $3.00 in a report released on Wednesday, The Fly reports. Piper Sandler’s target price would suggest a potential upside of 11.94% from the stock’s current price.
Several other research analysts have also recently issued reports on the company. Telsey Advisory Group cut their target price on Lulu’s Fashion Lounge from $9.00 to $5.00 and set an “outperform” rating on the stock in a research report on Wednesday. BTIG Research cut their price objective on Lulu’s Fashion Lounge from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday. Robert W. Baird cut their price objective on Lulu’s Fashion Lounge from $7.00 to $5.50 in a research report on Wednesday. Cowen cut Lulu’s Fashion Lounge from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $8.00 to $5.50 in a research report on Tuesday, November 22nd. Finally, The Goldman Sachs Group cut their price objective on Lulu’s Fashion Lounge from $8.75 to $5.00 and set a “buy” rating on the stock in a research report on Monday, December 12th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $6.38.
Lulu’s Fashion Lounge Stock Up 8.1 %
Shares of NASDAQ:LVLU opened at $2.68 on Wednesday. The stock has a market cap of $104.34 million, a price-to-earnings ratio of 33.50 and a beta of -0.02. The company has a quick ratio of 0.42, a current ratio of 1.13 and a debt-to-equity ratio of 0.22. Lulu’s Fashion Lounge has a 12-month low of $1.93 and a 12-month high of $21.29. The business’s 50 day moving average is $2.95 and its 200 day moving average is $4.10.
Institutional Trading of Lulu’s Fashion Lounge
Lulu’s Fashion Lounge Company Profile
Lulu's Fashion Lounge Holdings, Inc operates as an online retailer of women's clothing, shoes, and accessories. The company offers dresses, tops, bottoms, bridal wear, intimates, swimwear, footwear, and accessories under the Lulus brand. It sells its products through owned media, which primarily consists of its website, mobile app, social media platforms, email, and SMS; and earned and paid media, as well as social media platforms.
- Get a free copy of the StockNews.com research report on Lulu’s Fashion Lounge (LVLU)
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