Michael J. Mardy Buys 2,000 Shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Stock
Lulu’s Style Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) Director Michael J. Mardy purchased 2,000 shares of the company’s stock in a transaction on Monday, May 23rd. The shares had been obtained at an common rate of $11.96 for each share, for a total transaction of $23,920.00. Pursuing the completion of the acquisition, the director now owns 29,368 shares in the organization, valued at $351,241.28. The transaction was disclosed in a lawful submitting with the Securities & Trade Fee, which is readily available at the SEC web-site.
Shares of Lulu’s Fashion Lounge inventory traded up $1.09 throughout midday investing on Tuesday, hitting $13.14. The organization experienced a investing volume of 991,454 shares, compared to its ordinary volume of 131,027. The enterprise has a rapid ratio of .62, a existing ratio of 1.00 and a financial debt-to-fairness ratio of .28. The small business has a fifty working day relocating average selling price of $8.80. Lulu’s Style Lounge Holdings, Inc. has a 12-month reduced of $5.10 and a 12-thirty day period high of $15.09.
Lulu’s Vogue Lounge (NASDAQ:LVLU – Get Ranking) past issued its quarterly earnings success on Thursday, March 31st. The firm reported ($.03) earnings for each share for the quarter, topping the consensus estimate of ($.08) by $.05. The company experienced revenue of $96.76 million all through the quarter, in comparison to analyst estimates of $93.10 million. As a team, investigate analysts anticipate that Lulu’s Style Lounge Holdings, Inc. will article .59 earnings for each share for the latest fiscal calendar year.
A number of analysts have commented on LVLU shares. Cowen reissued a “buy” score and set a $15.00 price tag goal on shares of Lulu’s Manner Lounge in a research report on Friday, April 1st. The Goldman Sachs Team decreased their value goal on shares of Lulu’s Vogue Lounge from $33.00 to $15.00 and set a “buy” ranking for the firm in a analysis report on Monday, April 4th. Finally, Zacks Investment decision Study reduced shares of Lulu’s Style Lounge from a “buy” rating to a “hold” score in a exploration report on Friday. One equities investigation analyst has rated the inventory with a hold score and eight have specified a obtain score to the company’s stock. According to MarketBeat.com, Lulu’s Fashion Lounge presently has a consensus score of “Buy” and a consensus goal price of $15.86.
Significant investors have not too long ago modified their holdings of the stock. Kornitzer Capital Administration Inc. KS acquired a new place in Lulu’s Style Lounge in the 4th quarter worthy of roughly $959,000. Rokos Money Management LLP acquired a new posture in Lulu’s Style Lounge in the 4th quarter worthy of about $1,041,000. Pentwater Money Administration LP obtained a new posture in Lulu’s Trend Lounge in the 4th quarter value about $1,948,000. Principal Money Group Inc. obtained a new posture in Lulu’s Manner Lounge in the 4th quarter worthy of roughly $14,918,000. Eventually, Allspring World wide Investments Holdings LLC obtained a new stake in shares of Lulu’s Vogue Lounge through the 1st quarter well worth somewhere around $39,000. Institutional traders have 51.34% of the company’s stock.
About Lulu’s Fashion Lounge (Get Ranking)
Lulu’s Fashion Lounge Holdings, Inc operates as an on line retailer of women’s clothing, sneakers, and accessories. It gives dresses, tops, bottoms, bridal put on, intimates, swimwear, footwear, and accessories underneath the Lulus manufacturer. The firm sells its products and solutions as a result of owned media, which principally consists of its web page, mobile app, social media platforms, e mail, and SMS attained media and paid media that consists of paid advertisement on look for engines, these as Google and Bing, as perfectly as social media platforms comprising Fb and Instagram.
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