Analysts Set The Lovesac Company (NASDAQ:LOVE) Target Price at $38.33

The Lovesac Company (NASDAQ:LOVE - Get Free Report) has received a consensus recommendation of "Buy" from the six ratings firms that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $38.33.

A number of analysts recently weighed in on the company. Roth Mkm boosted their target price on Lovesac from $35.00 to $42.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. DA Davidson restated a "buy" rating and issued a $35.00 price objective on shares of Lovesac in a report on Tuesday, March 25th.

Insider Activity at Lovesac

In related news, Director Albert Jack Krause sold 30,000 shares of the business's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $26.33, for a total transaction of $789,900.00. Following the transaction, the director now owns 147,849 shares in the company, valued at $3,892,864.17. The trade was a 16.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.33% of the stock is currently owned by company insiders.

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Institutional Investors Weigh In On Lovesac

A number of large investors have recently made changes to their positions in the business. Senvest Management LLC lifted its stake in Lovesac by 17.4% in the fourth quarter. Senvest Management LLC now owns 1,106,767 shares of the company's stock worth $26,186,000 after acquiring an additional 163,745 shares during the period. Hood River Capital Management LLC lifted its position in shares of Lovesac by 6.4% in the 4th quarter. Hood River Capital Management LLC now owns 986,947 shares of the company's stock worth $23,351,000 after purchasing an additional 59,231 shares during the period. Anson Funds Management LP boosted its stake in shares of Lovesac by 12.9% during the 4th quarter. Anson Funds Management LP now owns 919,229 shares of the company's stock valued at $21,749,000 after purchasing an additional 104,866 shares in the last quarter. AWM Investment Company Inc. increased its position in shares of Lovesac by 33.2% during the fourth quarter. AWM Investment Company Inc. now owns 681,741 shares of the company's stock valued at $16,130,000 after buying an additional 170,045 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Lovesac by 9.3% during the fourth quarter. Bank of New York Mellon Corp now owns 489,613 shares of the company's stock valued at $11,584,000 after buying an additional 41,751 shares during the period. 91.32% of the stock is currently owned by institutional investors.

Lovesac Price Performance

NASDAQ LOVE traded down $0.98 during trading hours on Tuesday, reaching $14.43. 1,125,173 shares of the stock traded hands, compared to its average volume of 352,787. The stock has a 50 day simple moving average of $20.34 and a two-hundred day simple moving average of $25.91. Lovesac has a 1 year low of $13.43 and a 1 year high of $39.49. The company has a market cap of $222.70 million, a price-to-earnings ratio of 42.44, a price-to-earnings-growth ratio of 0.65 and a beta of 3.08.

Lovesac Company Profile

The Lovesac Company designs, manufactures, and sells furniture. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and other products comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans. The company markets its products primarily through www.lovesac.com website, as well as showrooms at top tier malls, lifestyle centers, mobile concierges, kiosks, and street locations in 41 states in the United States; and in store pop-up- shops and shop-in-shops, and barter inventory transactions.