Lovesac - LOVE Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lovesac in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" LOVE shares.
View LOVE analyst ratings or view top-rated stocks.

6 equities research analysts have issued 1 year price objectives for Lovesac's stock. Their LOVE share price forecasts range from $50.00 to $80.00. On average, they expect the company's share price to reach $63.71 in the next year. This suggests a possible upside of 183.7% from the stock's current price.
View analysts price targets for LOVE or view top-rated stocks among Wall Street analysts.

Lovesac's stock was trading at $22.01 at the beginning of the year. Since then, LOVE stock has increased by 2.0% and is now trading at $22.46.
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Lovesac saw a increase in short interest in February. As of February 28th, there was short interest totaling 3,880,000 shares, an increase of 13.8% from the February 13th total of 3,410,000 shares. Based on an average trading volume of 479,600 shares, the days-to-cover ratio is currently 8.1 days. Approximately 29.7% of the company's stock are short sold.
View Lovesac's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 28th 2023.
View our LOVE earnings forecast.

Lovesac will be holding an earnings conference call on Tuesday, March 28th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

The Lovesac Company (NASDAQ:LOVE) issued its earnings results on Wednesday, December, 8th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of ($0.40) by $0.57. The firm earned $116.80 million during the quarter, compared to analyst estimates of $112.19 million. Lovesac had a net margin of 5.46% and a trailing twelve-month return on equity of 10.53%. The firm's quarterly revenue was up 56.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 earnings per share.

ETFs with the largest weight of Lovesac (NASDAQ:LOVE) stock in their portfolio include Changebridge Capital Sustainable Equity ETF (CBSE), Changebridge Capital Long/Short Equity ETF (CBLS) and Janus Henderson Small Cap Growth Alpha ETF (JSML).

107 employees have rated Lovesac Chief Executive Officer Shawn Nelson on Glassdoor.com. Shawn Nelson has an approval rating of 68% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Lovesac investors own include Moderna (MRNA), Pfizer (PFE), Advanced Micro Devices (AMD), Carnival Co. & (CCL), Overstock.com (OSTK), Tesla (TSLA), NIO (NIO), NVIDIA (NVDA), Target (TGT) and AbbVie (ABBV).

(LOVE) raised $46 million in an initial public offering (IPO) on Wednesday, June 27th 2018. The company issued 3,300,000 shares at a price of $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 many different retail and institutional investors. Top institutional shareholders include Granahan Investment Management LLC (8.65%), Alliancebernstein L.P. (8.49%), Geode Capital Management LLC (1.75%), Marshall Wace LLP (1.58%), Skylands Capital LLC (1.23%) and Millennium Management LLC (0.98%). Insiders that own company stock include Albert Jack Krause, Andrew R Heyer, Donna Dellomo, Mary Fox, Satori Capital, Llc, Shawn David Nelson, Shirley Romig, Stuart A Wevik and Walter Field Mclallen.
View institutional ownership trends.

Shares of LOVE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LOVE stock can currently be purchased for approximately $22.46.

Lovesac (NASDAQ:LOVE) has a market capitalization of $341.17 million and generates $498.24 million in revenue each year. The company earns $45.90 million in net income (profit) each year or $2.05 on an earnings per share basis.

The company employs 1,185 workers across the globe.

Lovesac's mailing address is TWO LANDMARK SQUARE SUITE 300, STAMFORD CT, 06901. The official website for the company is www.lovesac.com. The company can be reached via phone at (207) 273-9733 or via email at investorrelations@lovesac.com.