Lulu's Fashion Lounge (NASDAQ:LVLU) Shares Up 3.2% - Still a Buy?

Lulu's Fashion Lounge Holdings, Inc. (NASDAQ:LVLU - Get Free Report) shares shot up 3.2% during mid-day trading on Thursday . The stock traded as high as $1.61 and last traded at $1.59. 6,494 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 23,390 shares. The stock had previously closed at $1.54.

Analyst Ratings Changes

LVLU has been the topic of several research analyst reports. Telsey Advisory Group reissued a "market perform" rating and set a $2.00 target price on shares of Lulu's Fashion Lounge in a research report on Thursday, August 15th. The Goldman Sachs Group cut their price target on Lulu's Fashion Lounge from $1.25 to $1.00 and set a "neutral" rating on the stock in a research report on Monday, August 5th.

Lulu's Fashion Lounge Stock Down 0.5 %

The firm has a 50-day simple moving average of $1.41 and a 200 day simple moving average of $1.55. The company has a market cap of $65.35 million, a price-to-earnings ratio of -3.16 and a beta of 0.25.

Lulu's Fashion Lounge (NASDAQ:LVLU - Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported ($0.26) earnings per share for the quarter. Lulu's Fashion Lounge had a negative net margin of 8.45% and a negative return on equity of 47.64%. The company had revenue of $91.97 million during the quarter, compared to analysts' expectations of $91.30 million. As a group, research analysts expect that Lulu's Fashion Lounge Holdings, Inc. will post -0.61 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lulu's Fashion Lounge stock. Sweeney & Michel LLC purchased a new stake in Lulu's Fashion Lounge Holdings, Inc. (NASDAQ:LVLU - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 51,059 shares of the company's stock, valued at approximately $71,000. Sweeney & Michel LLC owned approximately 0.12% of Lulu's Fashion Lounge at the end of the most recent reporting period. Institutional investors own 73.79% of the company's stock.

Lulu's Fashion Lounge Company Profile

Lulu's Fashion Lounge Holdings, Inc operates as an online retailer of women's apparel, footwear, and accessories. The company offers formals, casuals, dresses, tops, bottoms, wedding dresses, rompers and jumpsits, intimates and sleepwear, swimwear, shoes, and accessories under the Lulus brand.