Piper Sandler Trims Lulu’s Fashion Lounge (NASDAQ:LVLU) Target Price to $3.00

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

Several hedge funds have recently made changes to their positions in LVLU. Principal Financial Group Inc. raised its stake in shares of Lulu’s Fashion Lounge by 25.8% in the second quarter. Principal Financial Group Inc. now owns 1,979,419 shares of the company’s stock valued at $21,476,000 after buying an additional 405,422 shares during the period. BlackRock Inc. raised its stake in shares of Lulu’s Fashion Lounge by 143.8% in the third quarter. BlackRock Inc. now owns 652,304 shares of the company’s stock valued at $3,040,000 after buying an additional 384,735 shares during the period. Vanguard Group Inc. raised its stake in shares of Lulu’s Fashion Lounge by 23.8% in the third quarter. Vanguard Group Inc. now owns 630,392 shares of the company’s stock valued at $2,938,000 after buying an additional 120,985 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Lulu’s Fashion Lounge during the 3rd quarter valued at $378,000. Finally, Renaissance Technologies LLC raised its stake in shares of Lulu’s Fashion Lounge by 105.4% during the 2nd quarter. Renaissance Technologies LLC now owns 132,700 shares of the company’s stock valued at $1,440,000 after purchasing an additional 68,100 shares during the period. 54.08% of the stock is currently owned by institutional investors.

Lulu’s Fashion Lounge Company Profile

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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.