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

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

Lulu’s Fashion Lounge Stock Up 23.5 %

LVLU stock opened at $0.53 on Thursday. The business has a 50 day moving average of $0.77 and a 200-day moving average of $1.15. The firm has a market cap of $22.32 million, a PE ratio of -0.71 and a beta of 0.22. Lulu’s Fashion Lounge has a 12-month low of $0.41 and a 12-month high of $1.99.

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 increased its stake in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) by 6.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 170,064 shares of the company’s stock after buying an additional 10,193 shares during the period. Geode Capital Management LLC owned about 0.41% of Lulu’s Fashion Lounge worth $272,000 as of its most recent SEC filing. 73.79% of the stock is currently owned by institutional investors.

About Lulu’s Fashion Lounge

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.