Lulu’s Fashion Lounge’s (LVLU) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Lulu’s Fashion Lounge (NASDAQ:LVLU) in a report published on Thursday morning,Benzinga reports. They currently have a $2.00 price objective on the stock.

Lulu’s Fashion Lounge Stock Performance

Lulu’s Fashion Lounge stock opened at $0.45 on Thursday. The company has a market capitalization of $18.91 million, a PE ratio of -0.60 and a beta of 0.22. Lulu’s Fashion Lounge has a fifty-two week low of $0.41 and a fifty-two week high of $1.99. The firm has a 50 day moving average price of $0.76 and a 200 day moving average price of $1.14.

Institutional Investors Weigh In On 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 Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,064 shares of the company’s stock after acquiring an additional 10,193 shares during the quarter. Geode Capital Management LLC owned approximately 0.41% of Lulu’s Fashion Lounge worth $272,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.