NASDAQ:LOVELovesac Stock Price, Forecast & News

Lovesac's stock was trading at $7.33 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LOVE stock has increased by 88.4% and is now trading at $13.81. View which stocks have been most impacted by Coronavirus.

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 Monday, June 8th 2020. View our earnings forecast for Lovesac.

Lovesac Co (NASDAQ:LOVE) issued its quarterly earnings data on Thursday, April, 16th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.36 by $0.01. The business had revenue of $92.20 million for the quarter, compared to the consensus estimate of $90.64 million. Lovesac had a negative net margin of 6.52% and a negative return on equity of 17.74%. The business's revenue for the quarter was up 43.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 earnings per share. View Lovesac's earnings history.

8 brokers have issued 12-month target prices for Lovesac's shares. Their forecasts range from $10.00 to $33.00. On average, they anticipate Lovesac's stock price to reach $20.75 in the next twelve months. This suggests a possible upside of 50.3% from the stock's current price. View analysts' price targets for Lovesac.

Press coverage about LOVE stock has trended somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Lovesac earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future. View the latest news aboutLovesac.

Lovesac saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,160,000 shares, an increase of 17.9% from the April 30th total of 2,680,000 shares. Based on an average daily volume of 416,900 shares, the short-interest ratio is currently 7.6 days. Approximately 30.3% of the company's shares are short sold. View Lovesac's Current Options Chain.

Some companies that are related to Lovesac include Yunji (YJ), Biglari (BH.A), Abercrombie & Fitch (ANF), Buckle (BKE), Systemax (SYX), Dine Brands Global (DIN), Petmed Express (PETS), Groupon (GRPN), Overstock.com (OSTK), Arcos Dorados (ARCO), Rite Aid (RAD), Dillard's (DDS), SpartanNash (SPTN), Boot Barn (BOOT) and Denny's (DENN). View all competitors.

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 initial public offering on Wednesday, June 27th 2018. The company issued 3,300,000 shares at $13.00-$15.00 per share. Roth Capital Partners served 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 Alliancebernstein L.P. (10.75%), Janus Henderson Group PLC (7.84%), Wasatch Advisors Inc. (7.68%), Granahan Investment Management Inc. MA (5.21%), Kornitzer Capital Management Inc. KS (4.82%) and Federated Hermes Inc. (4.54%). 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 Russell Investments Group Ltd., Penn Capital Management Co. Inc., Alliancebernstein L.P., Janus Henderson Group PLC, UBS Group AG, and 1492 Capital Management LLC. Company insiders that have sold Lovesac company stock in the last year include Sac Acquisition Llc, and Satori Capital, Llc. View insider buying and selling activity for Lovesac.

LOVE stock was acquired by a variety of institutional investors in the last quarter, including Kornitzer Capital Management Inc. KS, GSA Capital Partners LLP, Granahan Investment Management Inc. MA, Wasatch Advisors Inc., Federated Hermes Inc., JPMorgan Chase & Co., Connors Investor Services Inc., and Invenomic Capital Management LP. 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 $13.81.

Lovesac has a market capitalization of $199.83 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]