NASDAQ:LOVELovesac Stock Price, Forecast & News

Lovesac's stock was trading at $7.33 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, LOVE shares have increased by 360.8% and is now trading at $33.78.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lovesac in the last year. There are currently 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Lovesac.

Lovesac is scheduled to release its next quarterly earnings announcement on Wednesday, September 9th 2020.
View our earnings forecast for Lovesac.

Lovesac Co (NASDAQ:LOVE) issued its quarterly earnings data on Tuesday, June, 9th. The company reported ($0.58) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.69) by $0.11. The firm had revenue of $54.40 million for the quarter, compared to the consensus estimate of $47.20 million. Lovesac had a negative net margin of 5.86% and a negative return on equity of 16.22%. The company's quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.67) EPS.
View Lovesac's earnings history.

8 analysts have issued 1 year price objectives for Lovesac's stock. Their forecasts range from $25.00 to $37.00. On average, they anticipate Lovesac's stock price to reach $31.25 in the next year. This suggests that the stock has a possible downside of 7.5%.
View analysts' price targets for Lovesac.

News articles about LOVE stock have been trending very positive on Saturday, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Lovesac earned a media sentiment score of 4.0 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days.
View the latest news about Lovesac.

Lovesac saw a decrease in short interest in the month of July. As of July 31st, there was short interest totaling 2,340,000 shares, a decrease of 7.9% from the July 15th total of 2,540,000 shares. Based on an average daily trading volume, of 563,600 shares, the short-interest ratio is currently 4.2 days. Approximately 22.4% of the company's stock are sold short.
View Lovesac's Short Interest.

Some companies that are related to Lovesac include Macy's (M), Insight Enterprises (NSIT), Urban Outfitters (URBN), Jack in the Box (JACK), 1-800-Flowers.Com (FLWS), Sonic Automotive (SAH), Big Lots (BIG), American Eagle Outfitters (AEO), Rush Enterprises (RUSHA), GOME ELECTRICAL/ADR (GMELY), Group 1 Automotive (GPI), Bed Bath & Beyond (BBBY), Rush Enterprises (RUSHB), Sally Beauty (SBH) and J D Wetherspoon (JDWPY).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Lovesac investors own include Uber Technologies (UBER), Roku (ROKU), Carnival (CCL), salesforce.com (CRM), United Continental (UAL), Innovative Industrial Properties (IIPR), Exxon Mobil (XOM), Apple Hospitality REIT (APLE), Alibaba Group (BABA) and Crestwood Equity Partners (CEQP).

(LOVE) raised $46 million in an IPO on Wednesday, June 27th 2018. The company issued 3,300,000 shares at $13.00-$15.00 per share. Roth Capital Partners acted as the underwriter for the IPO and Craig-Hallum Capital Group was co-manager.

Lovesac trades on the NASDAQ under the ticker symbol "LOVE."

Lovesac's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Kornitzer Capital Management Inc. KS (5.18%), Skylands Capital LLC (1.23%), Russell Investments Group Ltd. (0.77%), Calamos Advisors LLC (0.49%), Spouting Rock Asset Management LLC (0.45%) and New York State Common Retirement Fund (0.25%). Company insiders that own Lovesac stock include Albert Jack Krause, Andrew R Heyer, Sac Acquisition Llc and Satori Capital, Llc.
View institutional ownership trends for Lovesac.

LOVE stock was sold by a variety of institutional investors in the last quarter, including Skylands Capital LLC.
View insider buying and selling activity for Lovesac.

LOVE stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Calamos Advisors LLC, Spouting Rock Asset Management LLC, Kornitzer Capital Management Inc. KS, Monarch Partners Asset Management LLC, Leap Investments LP, New York State Common Retirement Fund, and SG Americas Securities LLC. Company insiders that have bought Lovesac stock in the last two years include Albert Jack Krause, and Andrew R Heyer.
View insider buying and selling activity for Lovesac.

Shares of LOVE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of LOVE stock can currently be purchased for approximately $33.78.

Lovesac has a market capitalization of $490.49 million and generates $233.38 million in revenue each year. The company earns $-15,200,000.00 in net income (profit) each year or ($1.04) on an earnings per share basis. Lovesac employs 198 workers across the globe.

The official website for Lovesac is www.lovesac.com.

Lovesac's mailing address is TWO LANDMARK SQUARE SUITE 300, STAMFORD CT, 06901. The company can be reached via phone at 888-636-1223 or via email at [email protected]