Fintel reports that on July 26, 2023, Goldman Sachs downgraded their outlook for Lulus Fashion Lounge Holdings (NASDAQ:LVLU) from Buy to Neutral.
Analyst Price Forecast Suggests 39.50% Upside
As of July 6, 2023, the average one-year price target for Lulus Fashion Lounge Holdings is 3.56. The forecasts range from a low of 2.17 to a high of $5.25. The average price target represents an increase of 39.50% from its latest reported closing price of 2.55.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Lulus Fashion Lounge Holdings is 475MM, an increase of 13.44%. The projected annual non-GAAP EPS is 0.31.
What is the Fund Sentiment?
There are 127 funds or institutions reporting positions in Lulus Fashion Lounge Holdings. This is a decrease of 8 owner(s) or 5.93% in the last quarter. Average portfolio weight of all funds dedicated to LVLU is 0.05%, a decrease of 5.71%. Total shares owned by institutions increased in the last three months by 0.78% to 21,346K shares. The put/call ratio of LVLU is 0.02, indicating a bullish outlook.
What are Other Shareholders Doing?
Canada Pension Plan Investment Board holds 7,500K shares representing 18.87% ownership of the company. No change in the last quarter.
Institutional Venture Management Xv holds 3,764K shares representing 9.47% ownership of the company. In it’s prior filing, the firm reported owning 3,754K shares, representing an increase of 0.25%. The firm decreased its portfolio allocation in LVLU by 14.11% over the last quarter.
Institutional Venture Management XVI holds 3,754K shares representing 9.45% ownership of the company. No change in the last quarter.
Principal Financial Group holds 2,204K shares representing 5.55% ownership of the company. In it’s prior filing, the firm reported owning 2,033K shares, representing an increase of 7.76%. The firm decreased its portfolio allocation in LVLU by 44.63% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 693K shares representing 1.74% ownership of the company. In it’s prior filing, the firm reported owning 571K shares, representing an increase of 17.50%. The firm increased its portfolio allocation in LVLU by 6.12% over the last quarter.
Lulus Fashion Lounge Holdings Background Information
(This description is provided by the company.)
Lulu’s Fashion Lounge Holdings Inc. and its exclusive styles are made with you in mind. The company buys and designs sophisticated, chic and modern styles we know you’ll love. Lulu invests in superior construction and high-end finishes to make your Lulus purchase a true representation of affordable luxury.
This article originally appeared on Fintel
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