Craig-Hallum analyst Alex Fuhrman assigned a Buy rating to the stock today. The company’s shares closed last Friday at $19.58.
According to TipRanks, Fuhrman is an analyst with an average return of -11.9% and a 32.38% success rate. Fuhrman covers the Consumer Cyclical sector, focusing on stocks such as WW International, 1-800 Flowers, and Lindblad Expeditions Holdings.
Currently, the analyst consensus on The Lovesac Company is a Strong Buy with an average price target of $41.25.
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Based on The Lovesac Company’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $154.53 million and a GAAP net loss of $635 thousand. In comparison, last year the company earned a revenue of $148.53 million and had a net profit of $5.85 million
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is neutral on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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