Michael J. Mardy buys 2,000 shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ: LVLU)



Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ: LVLUGet a rating) Director Michael J. Mardy purchased 2,000 shares of the company in a transaction on Monday, May 23. The shares were acquired at an average price of $11.96 per share, for a total transaction of $23,920.00. Following the completion of the acquisition, the administrator now owns 29,368 shares of the company, valued at $351,241.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at the SEC website.

Shares of Lulu’s Fashion Salon Stock traded at $1.09 in midday trading on Tuesday, reaching $13.14. The company had a trading volume of 991,454 shares, compared to an average volume of 131,027. The company has a quick ratio of 0.62, a current ratio of 1.00 and a leverage ratio of 0.28. The company has a fifty-day moving average price of $8.80. Lulu’s Fashion Lounge Holdings, Inc. has a 12-month low of $5.10 and a 12-month high of $15.09.

Lulu’s Fashion Salon (NASDAQ: LVLUGet a rating) last released its quarterly results on Thursday, March 31. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.05. The company posted revenue of $96.76 million in the quarter, versus analyst estimates of $93.10 million. As a group, research analysts expect Lulu’s Fashion Lounge Holdings, Inc. to post earnings per share of 0.59 for the current fiscal year.

Several analysts have commented on LVLU shares. Cowen reissued a “buy” rating and set a price target of $15.00 on shares of Lulu’s Fashion Lounge in a research report on Friday, April 1. Goldman Sachs Group cut its price target on Lulu’s Fashion Lounge shares from $33.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, April 4. To finish, Zacks Investment Research downgraded shares of Lulu’s Fashion Lounge from a “buy” rating to a “hold” rating in a research report on Friday. One equity research analyst gave the stock a hold rating and eight gave the company’s stock a buy rating. According to MarketBeat.com, Lulu’s Fashion Lounge currently has a consensus buy rating and a consensus target price of $15.86.

Large investors have recently changed their stock holdings. Kornitzer Capital Management Inc. KS acquired a new position in Lulu’s Fashion Lounge in Q4 worth approximately $959,000. Rokos Capital Management LLP acquired a new position in Lulu’s Fashion Lounge in Q4 worth approximately $1,041,000. Pentwater Capital Management LP acquired a new position in Lulu’s Fashion Lounge in Q4 worth approximately $1,948,000. Principal Financial Group Inc. acquired a new position in Lulu’s Fashion Lounge in Q4 worth approximately $14,918,000. Finally, Allspring Global Investments Holdings LLC acquired a new equity stake in Lulu’s Fashion Lounge during Q1 worth approximately $39,000. Institutional investors hold 51.34% of the company’s shares.

About Lulu’s Fashion Salon (Get a rating)

Lulu’s Fashion Lounge Holdings, Inc. operates as an online retailer of women’s clothing, footwear and accessories. It offers dresses, tops, bottoms, bridal wear, underwear, swimwear, shoes and accessories under the Lulus brand. The Company sells its products through owned media, which primarily consists of its website, mobile app, social media platforms, email and SMS; earned media; and paid media which consists of paid advertisements on search engines, such as Google and Bing, as well as social media platforms including Facebook and Instagram.

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