In a filing, Lovesac Company revealed its Director Krause Albert Jack unloaded Company’s shares for reported $0.79 million on Jan 17 ’25. In the deal valued at $26.33 per share,30,000 shares were sold. As a result of this transaction, Krause Albert Jack now holds 147,849 shares worth roughly $ 3.48 million.
Then, Jack Krause bought 30,000 shares, generating $785,700 in total proceeds.
Before that, McLallen Walter Field bought 4,000 shares. Lovesac Company shares valued at $98,720 were divested by the Director at a price of $24.68 per share. As a result of the transaction, McLallen Walter Field now holds 23,540 shares, worth roughly $0.55 million.
Maxim Group reiterated its Lovesac Company [LOVE] rating to a Buy in a research note published on June 17, 2024; the price target was $38. A number of analysts have revised their coverage, including Maxim Group’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. ROTH MKM also remained covering LOVE and reiterated its “Buy” recommendation on March 29, 2023. Oppenheimer maintained its rating on September 11, 2020. It rated LOVE as “an Outperform”.
Price Performance Review of LOVE
On Friday, Lovesac Company [NASDAQ:LOVE] saw its stock jump 2.31% to $23.52. Over the last five days, the stock has gained 5.47%. Lovesac Company shares have fallen nearly -0.59% since the year began. Nevertheless, the stocks have fallen -7.80% over the past one year. While a 52-week high of $39.49 was reached on 01/15/25, a 52-week low of $18.21 was recorded on 02/12/25. SMA at 50 days reached $26.68, while 200 days put it at $26.63.
Levels Of Support And Resistance For LOVE Stock
The 24-hour chart illustrates a support level at 23.11, which if violated will result in even more drops to 22.69. On the upside, there is a resistance level at 23.79. A further resistance level may holdings at 24.05. The Relative Strength Index (RSI) on the 14-day chart is 41.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.83%. Stochastics %K at 23.69% indicates the stock is a holding.
How much short interest is there in Lovesac Company?
A steep rise in short interest was recorded in Lovesac Company stocks on 2025-01-31, dropping by -0.12 million shares to a total of 3.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 3.48 million shares. There was a decline of -3.71%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 10, 2020 when BTIG Research resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $30.
