Albert Jack Krause Sells 10,000 Shares of The Lovesac Company (NASDAQ:LOVE) Stock

The Lovesac Company (NASDAQ:LOVE) Director Albert Jack Krause sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $26.22, for a total transaction of $262,200.00. Following the completion of the transaction, the director now owns 177,849 shares of the company’s stock, valued at $4,663,200.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Lovesac Stock Performance

LOVE opened at $25.63 on Friday. The business’s 50-day simple moving average is $24.72 and its 200 day simple moving average is $24.42. The Lovesac Company has a 52-week low of $14.18 and a 52-week high of $30.39. The firm has a market capitalization of $398.57 million, a PE ratio of 30.15, a PEG ratio of 0.71 and a beta of 2.90.

Analyst Ratings Changes

Several research firms recently commented on LOVE. Craig Hallum upped their target price on shares of Lovesac from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Maxim Group upped their price objective on Lovesac from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Roth Mkm increased their price objective on Lovesac from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, September 13th. DA Davidson restated a “buy” rating and issued a $32.00 target price on shares of Lovesac in a research note on Thursday. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $36.00 price target on shares of Lovesac in a research note on Friday, September 13th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $34.50.

Institutional Investors Weigh In On Lovesac

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CastleKnight Management LP raised its position in Lovesac by 251.3% during the fourth quarter. CastleKnight Management LP now owns 40,400 shares of the company’s stock worth $1,032,000 after acquiring an additional 28,900 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Lovesac during the 4th quarter worth about $340,000. LSV Asset Management bought a new stake in shares of Lovesac in the 1st quarter valued at about $988,000. SG Americas Securities LLC lifted its stake in Lovesac by 106.1% in the 1st quarter. SG Americas Securities LLC now owns 9,376 shares of the company’s stock valued at $212,000 after purchasing an additional 4,826 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in Lovesac during the first quarter worth about $489,000. Institutional investors own 91.32% of the company’s stock.

About Lovesac

The Lovesac Company designs, manufactures, and sells furniture. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and other products comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans. The company markets its products primarily through www.lovesac.com website, as well as showrooms at top tier malls, lifestyle centers, mobile concierges, kiosks, and street locations in 41 states in the United States; and in store pop-up- shops and shop-in-shops, and barter inventory transactions.