Lighthouse Investment Partners LLC acquired a new position in shares of Leslie's, Inc. (NASDAQ:LESL - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 312,600 shares of the company's stock, valued at approximately $697,000. Lighthouse Investment Partners LLC owned 0.17% of Leslie's at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Mariner LLC acquired a new stake in Leslie's during the 4th quarter worth approximately $25,000. Ground Swell Capital LLC acquired a new stake in Leslie's during the 4th quarter worth approximately $32,000. Cibc World Markets Corp acquired a new stake in Leslie's during the 4th quarter worth approximately $38,000. Gitterman Wealth Management LLC acquired a new stake in Leslie's during the 4th quarter worth approximately $41,000. Finally, Boothbay Fund Management LLC acquired a new stake in Leslie's during the 4th quarter worth approximately $41,000.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on LESL. The Goldman Sachs Group cut their target price on Leslie's from $4.00 to $3.00 and set a "neutral" rating for the company in a research note on Tuesday, February 11th. Bank of America downgraded Leslie's from a "buy" rating to an "underperform" rating and cut their target price for the stock from $2.65 to $1.40 in a research note on Tuesday, February 18th. Telsey Advisory Group cut their target price on Leslie's from $3.00 to $1.25 and set a "market perform" rating for the company in a research note on Friday, May 9th. Stifel Nicolaus raised Leslie's from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Finally, Guggenheim reissued a "neutral" rating on shares of Leslie's in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. Based on data from MarketBeat.com, Leslie's has a consensus rating of "Hold" and a consensus price target of $2.27.
Check Out Our Latest Stock Analysis on Leslie's
Leslie's Stock Up 7.3%
NASDAQ LESL traded up $0.06 during mid-day trading on Friday, hitting $0.91. The stock had a trading volume of 2,391,535 shares, compared to its average volume of 5,403,706. Leslie's, Inc. has a 52-week low of $0.51 and a 52-week high of $6.01. The company has a market cap of $169.35 million, a price-to-earnings ratio of -6.09 and a beta of 1.32. The company has a 50 day simple moving average of $0.70 and a 200 day simple moving average of $1.65.
Leslie's Company Profile
(
Free Report)
Leslie's, Inc operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It also offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products.
See Also
Before you consider Leslie's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Leslie's wasn't on the list.
While Leslie's currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
