AlphaQuest LLC Boosts Stock Position in The Lovesac Company $LOVE

Key Points

• AlphaQuest LLC increased its shares in The Lovesac Company by 499.9%, acquiring an additional 14,882 shares, resulting in a total of 17,859 shares worth approximately $325,000.
• The Lovesac Company reported a loss of $0.73 per share for the last quarter, surpassing analyst expectations, with revenue reaching $138.37 million.
• After a research note, Wall Street Zen upgraded Lovesac's rating from "sell" to "hold", while five investment analysts currently rate the stock as a "Buy", giving it an average price target of $30.40.

AlphaQuest LLC increased its position in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 499.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,859 shares of the company's stock after purchasing an additional 14,882 shares during the quarter. AlphaQuest LLC owned 0.12% of Lovesac worth $325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Anson Funds Management LP lifted its holdings in shares of Lovesac by 12.9% during the fourth quarter. Anson Funds Management LP now owns 919,229 shares of the company's stock worth $21,749,000 after purchasing an additional 104,866 shares during the period. AWM Investment Company Inc. lifted its holdings in shares of Lovesac by 33.2% during the fourth quarter. AWM Investment Company Inc. now owns 681,741 shares of the company's stock worth $16,130,000 after purchasing an additional 170,045 shares during the period. American Century Companies Inc. lifted its holdings in shares of Lovesac by 10.5% during the first quarter. American Century Companies Inc. now owns 482,587 shares of the company's stock worth $8,773,000 after purchasing an additional 45,797 shares during the period. Voya Investment Management LLC acquired a new stake in shares of Lovesac during the fourth quarter worth about $7,354,000. Finally, SG Americas Securities LLC raised its position in Lovesac by 1,165.7% during the first quarter. SG Americas Securities LLC now owns 304,586 shares of the company's stock valued at $5,537,000 after acquiring an additional 280,522 shares in the last quarter. Institutional investors and hedge funds own 91.32% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Lovesac from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, Lovesac presently has an average rating of "Buy" and an average target price of $30.40.

Insider Activity at Lovesac

In other Lovesac news, Director Walter Field Mclallen acquired 1,950 shares of the business's stock in a transaction dated Friday, June 20th. The stock was acquired at an average cost of $18.08 per share, for a total transaction of $35,256.00. Following the completion of the transaction, the director directly owned 40,000 shares of the company's stock, valued at $723,200. This represents a 5.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.46% of the stock is owned by company insiders.

Lovesac Price Performance

LOVE stock traded up $0.16 during trading on Friday, hitting $19.13. 422,067 shares of the company traded hands, compared to its average volume of 287,269. The stock's 50-day simple moving average is $18.73 and its 200 day simple moving average is $18.92. The company has a market cap of $278.34 million, a PE ratio of 27.33, a P/E/G ratio of 0.61 and a beta of 2.20. The Lovesac Company has a 1 year low of $12.12 and a 1 year high of $39.49.

Lovesac (NASDAQ:LOVE - Get Free Report) last posted its quarterly earnings data on Thursday, June 12th. The company reported ($0.73) EPS for the quarter, beating analysts' consensus estimates of ($0.81) by $0.08. The business had revenue of $138.37 million during the quarter, compared to analysts' expectations of $137.20 million. Lovesac had a return on equity of 6.70% and a net margin of 1.99%.The business's revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.83) earnings per share. Lovesac has set its Q2 2026 guidance at -0.830--0.580 EPS. FY 2026 guidance at 0.800-1.360 EPS. Research analysts expect that The Lovesac Company will post 0.39 earnings per share for the current year.

Lovesac Profile

The Lovesac Company designs, manufactures, and sells furniture. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and other products comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans. The company markets its products primarily through www.lovesac.com website, as well as showrooms at top tier malls, lifestyle centers, mobile concierges, kiosks, and street locations in 41 states in the United States; and in store pop-up- shops and shop-in-shops, and barter inventory transactions.