Lulu’s Fashion Lounge (NASDAQ:LVLU) Trading Up 5.9% – Should You Buy?

Shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) traded up 5.9% during trading on Tuesday . The stock traded as high as $0.98 and last traded at $0.90. 22,596 shares traded hands during trading, a decline of 28% from the average session volume of 31,532 shares. The stock had previously closed at $0.85.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reiterated a “market perform” rating and issued a $2.00 price target on shares of Lulu’s Fashion Lounge in a report on Thursday, November 14th.

Lulu’s Fashion Lounge Stock Up 5.9 %

The company has a market capitalization of $37.83 million, a P/E ratio of -1.20 and a beta of 0.18. The business has a fifty day moving average price of $1.05 and a 200 day moving average price of $1.31.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

An institutional investor recently raised its position in Lulu’s Fashion Lounge stock. Geode Capital Management LLC lifted its holdings in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,064 shares of the company’s stock after purchasing an additional 10,193 shares during the quarter. Geode Capital Management LLC owned 0.41% of Lulu’s Fashion Lounge worth $272,000 as of its most recent SEC filing. 73.79% of the stock is owned by hedge funds and other institutional investors.

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.