Lovesac Co (NASDAQ:LOVE)’s share price reached a new 52-week high during trading on Monday after Canaccord Genuity raised their price target on the stock from $30.00 to $36.00. Canaccord Genuity currently has a buy rating on the stock. Lovesac traded as high as $30.36 and last traded at $29.26, with a volume of 10801 shares traded. The stock had previously closed at $27.40.
Separately, Zacks Investment Research raised shares of Lovesac from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th.
In related news, Director Satori Capital, Llc sold 47,850 shares of the stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $18.05, for a total value of $863,692.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Lovesac (NASDAQ:LOVE) last issued its earnings results on Tuesday, December 18th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.03. The company had revenue of $41.69 million during the quarter, compared to the consensus estimate of $36.64 million. On average, equities research analysts forecast that Lovesac Co will post -0.5 EPS for the current fiscal year.
Lovesac Company Profile (NASDAQ:LOVE)
The Lovesac Company designs, manufactures, and sells foam filled furniture, sectional couches, and related accessories. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and accessories comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans.
Further Reading: Analyst Ratings Trading
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