Lulu’s Fashion Lounge (NASDAQ:LVLU) Upgraded by Wall Street Zen to “Hold” Rating

Lulu’s Fashion Lounge (NASDAQ:LVLU) was upgraded by Wall Street Zen to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lulu’s Fashion Lounge in a research note on Friday, January 9th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lulu’s Fashion Lounge has a consensus rating of “Reduce” and an average target price of $15.00.

Lulu’s Fashion Lounge Trading Up 1.9%

NASDAQ:LVLU opened at $15.45 on Friday. The stock has a 50 day moving average of $13.34 and a two-hundred day moving average of $7.77. Lulu’s Fashion Lounge has a 12 month low of $2.98 and a 12 month high of $32.32. The firm has a market cap of $42.80 million, a P/E ratio of -0.96 and a beta of 0.47.

Institutional Trading of Lulu’s Fashion Lounge

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Birchwood Financial Partners Inc. acquired a new position in shares of Lulu’s Fashion Lounge in the 4th quarter worth approximately $25,000. Renaissance Technologies LLC acquired a new position in Lulu’s Fashion Lounge during the 4th quarter worth about $56,000. Finally, Chico Wealth RIA acquired a new position in Lulu’s Fashion Lounge in the 3rd quarter valued at about $477,000. 73.79% of the stock is owned by institutional investors and hedge funds.

Lulu’s Fashion Lounge Company Profile

Lulu’s Fashion Lounge, Inc is a publicly traded e-commerce apparel retailer that specializes in women’s fashion. Headquartered in Chico, California, the company operates under the “Lulus” brand, offering a curated selection of apparel, footwear and accessories designed to meet the trends and needs of a diverse female audience. Since completing its initial public offering and listing on the NASDAQ under the ticker symbol LVLU, Lulu’s has focused on expanding its direct-to-consumer business model and enhancing its online platform to drive global reach.

The company’s core product portfolio includes dresses, tops, denim, swimwear, jumpsuits and outerwear, complemented by a range of shoes, jewelry and handbags.