Lulu’s Fashion Lounge (NASDAQ:LVLU) Stock Price Down 6.5% – Here’s Why

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU)’s stock price dropped 6.5% during trading on Monday . The stock traded as low as $3.87 and last traded at $3.90. Approximately 70,742 shares changed hands during mid-day trading, an increase of 448% from the average daily volume of 12,901 shares. The stock had previously closed at $4.17.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group cut their price objective on shares of Lulu’s Fashion Lounge from $30.00 to $15.00 and set a “market perform” rating for the company in a report on Friday, March 28th.

Lulu’s Fashion Lounge Stock Down 6.5%

The firm has a market capitalization of $10.80 million, a PE ratio of -0.19 and a beta of 0.32. The firm’s 50 day moving average price is $5.73 and its two-hundred day moving average price is $8.48.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($2.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.50) by ($1.35). The business had revenue of $64.16 million during the quarter, compared to the consensus estimate of $68.17 million. Lulu’s Fashion Lounge had a negative return on equity of 103.82% and a negative net margin of 19.01%. On average, sell-side analysts anticipate that Lulu’s Fashion Lounge Holdings, Inc. will post -0.74 earnings per share for the current fiscal year.

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.