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 295.5% and is now trading at $28.99.
View which stocks have been most impacted by COVID-19.

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) posted its earnings results on Tuesday, June, 9th. The company reported ($0.58) EPS for the quarter, beating analysts' consensus estimates of ($0.69) by $0.11. The business had revenue of $54.40 million for the quarter, compared to analyst estimates of $47.20 million. Lovesac had a negative net margin of 5.86% and a negative return on equity of 16.22%. The business's revenue was up 32.7% compared to the same quarter last year. During the same period last year, the business earned ($0.67) earnings per share.
View Lovesac's earnings history.

8 brokers have issued twelve-month price objectives for Lovesac's shares. Their forecasts range from $25.00 to $37.00. On average, they anticipate Lovesac's share price to reach $31.25 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price.
View analysts' price targets for Lovesac.

News stories about LOVE stock have been trending somewhat negative on Friday, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Lovesac earned a media sentiment score of -1.8 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating 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 decline in short interest in the month of July. As of July 31st, there was short interest totaling 2,340,000 shares, a decline 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 short sold.
View Lovesac's Short Interest.

Some companies that are related to Lovesac include Jack in the Box (JACK), Rush Enterprises (RUSHA), Group 1 Automotive (GPI), GOME ELECTRICAL/ADR (GMELY), Bed Bath & Beyond (BBBY), Rush Enterprises (RUSHB), Revolve Group (RVLV), Sally Beauty (SBH), Brinker International (EAT), SSP GROU/PAR VTG FPD 0.01033333 (SSPPF), J D Wetherspoon (JDWPY), Weis Markets (WMK), Jumia Technologies (JMIA), PC Connection (CNXN) and Michaels Companies (MIK).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Lovesac investors own include Advanced Micro Devices (AMD), Pfizer (PFE), Roku (ROKU), Innovative Industrial Properties (IIPR), Overstock.com (OSTK), Tesla (TSLA), Uber Technologies (UBER), Carnival (CCL), Moderna (MRNA) and Cisco Systems (CSCO).

(LOVE) raised $46 million in an initial public offering (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 many different institutional and retail investors. Top institutional investors include Wasatch Advisors Inc. (5.37%), Kornitzer Capital Management Inc. KS (5.18%), Federated Hermes Inc. (4.53%), AWM Investment Company Inc. (4.51%), Driehaus Capital Management LLC (3.76%) and Silvercrest Asset Management Group LLC (1.30%). 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 Wasatch Advisors Inc., Skylands Capital LLC, AWM Investment Company Inc., Ensign Peak Advisors Inc, Goldman Sachs Group Inc., and Bank of America Corp DE.
View insider buying and selling activity for Lovesac.

LOVE stock was bought by a variety of institutional investors in the last quarter, including Driehaus Capital Management LLC, Silvercrest Asset Management Group LLC, Russell Investments Group Ltd., Calamos Advisors LLC, Spouting Rock Asset Management LLC, Kornitzer Capital Management Inc. KS, Monarch Partners Asset Management LLC, and California Public Employees Retirement System. 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 $28.99.

Lovesac has a market capitalization of $420.96 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]