D.A. Davidson analyst Tom Forte reiterated a Buy rating on The Lovesac Company (LOVE – Research Report) today and set a price target of $54.00. The company’s shares closed yesterday at $16.72.
Forte covers the Technology sector, focusing on stocks such as Amazon, Pinterest, and Apple. According to TipRanks, Forte has an average return of 11.8% and a 49.39% success rate on recommended stocks.
The Lovesac Company has an analyst consensus of Strong Buy, with a price target consensus of $45.50.
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The company has a one-year high of $30.94 and a one-year low of $14.18. Currently, The Lovesac Company has an average volume of 330.4K.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is neutral on the stock.
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The Lovesac Company (LOVE) Company Description:
The Lovesac Co. is a technology driven, omni-channel company. It designs, manufactures, and sells furniture comprised of modular couches called sactionals and foam beanbag chairs called sacs. Its products include sactionals, sacs, and accessories. The company was founded by Shawn David Nelson in 1995 and is headquartered in Stamford, CT.
Read More on LOVE:
- The Lovesac Company Announces Notification from Nasdaq Related to Delayed Form 10-Q Filing
- Lovesac receives notice of non-compliance from Nasdaq
- Lovesac options imply 3.7% move in share price post-earnings
- LOVE Upcoming Earnings Report: What to Expect?
- Lovesac pre-announcement shows stabilizing business, says Roth MKM
