Insider Buying: Lovesac (NASDAQ:LOVE) CEO Acquires $24,961.20 in Stock

The Lovesac Company (NASDAQ:LOVE) CEO Shawn David Nelson bought 1,830 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were bought at an average cost of $13.64 per share, for a total transaction of $24,961.20. Following the transaction, the chief executive officer owned 205,644 shares in the company, valued at approximately $2,804,984.16. The trade was a 0.90% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shawn David Nelson also recently made the following trade(s):

• On Thursday, April 16th, Shawn David Nelson purchased 1,477 shares of Lovesac stock. The shares were bought at an average price of $16.95 per share, for a total transaction of $25,035.15.

Lovesac Stock Up 4.2%

LOVE traded up $0.59 during trading on Tuesday, reaching $14.59. The company had a trading volume of 267,696 shares, compared to its average volume of 257,080. The stock has a market cap of $213.57 million, a P/E ratio of 56.12, a PEG ratio of 0.82 and a beta of 2.02. The business has a 50 day simple moving average of $15.84 and a 200-day simple moving average of $14.42. The Lovesac Company has a 52 week low of $10.33 and a 52 week high of $20.88.

Lovesac (NASDAQ:LOVE) last posted its quarterly earnings data on Thursday, June 11th. The company reported ($0.76) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.03) by $0.27. Lovesac had a net margin of 0.55% and a return on equity of 1.88%. The business had revenue of $138.20 million for the quarter, compared to analysts’ expectations of $136.66 million. During the same quarter in the previous year, the business posted ($0.73) earnings per share. The business’s revenue was down .1% compared to the same quarter last year. Lovesac has set its Q2 2027 guidance at 0.200-0.480 EPS and its FY 2027 guidance at 0.340-0.810 EPS. As a group, equities research analysts expect that The Lovesac Company will post 0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Lovesac

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kanen Wealth Management LLC acquired a new position in shares of Lovesac in the first quarter valued at about $8,064,000. Invenomic Capital Management LP acquired a new stake in shares of Lovesac during the fourth quarter worth about $5,350,000. Senvest Management LLC boosted its position in Lovesac by 36.7% in the first quarter. Senvest Management LLC now owns 1,025,393 shares of the company’s stock valued at $15,145,000 after buying an additional 275,252 shares during the last quarter. Millennium Management LLC boosted its position in Lovesac by 378.9% in the fourth quarter. Millennium Management LLC now owns 327,477 shares of the company’s stock valued at $4,830,000 after buying an additional 259,097 shares during the last quarter. Finally, Bastion Asset Management Inc. increased its holdings in Lovesac by 193.6% in the 1st quarter. Bastion Asset Management Inc. now owns 356,097 shares of the company’s stock worth $5,290,000 after buying an additional 234,812 shares during the period. Hedge funds and other institutional investors own 91.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Lovesac in a report on Friday, March 27th. DA Davidson increased their price objective on shares of Lovesac from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, June 12th. Roth Mkm reissued a “buy” rating on shares of Lovesac in a report on Friday, March 27th. Canaccord Genuity Group set a $22.00 price objective on shares of Lovesac in a research note on Thursday, June 11th. Finally, Wall Street Zen upgraded Lovesac from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.67.

Lovesac Company Profile

Lovesac, trading on NASDAQ under the symbol LOVE, is an American furniture company known for its modular seating systems and distinctive foam-filled “Sacs.” Founded in 1995 by Shawn Nelson, the company has built a reputation for innovative design that emphasizes comfort, durability and adaptability. Its core offerings include Sactionals—customizable sectional sofas assembled from individual “Sactional” cubes—and the original Lovesac Sacs, large fabric-covered bean bag chairs available in a variety of sizes and materials.

In addition to seating solutions, Lovesac has expanded into home entertainment products with the introduction of the Stage, a modular soundbar system designed to integrate seamlessly with Sactionals.