GmmaTech

Lovesac (LOVE) stock: here is what you need to understand

NASDAQ:LOVE   The Lovesac Company
The Lovesac Company (LOVE) shares are trading at $21.50. What's driving LOVE stock price? What's LOVE stock price forecast, and what should investors know about the company?

Lovesac Company makes furniture and sells premium bean bag chairs. The company priced its IPO at $16 in June this year above the initial range of $13 to $15. The stock was off to a flying start but it failed to keep the momentum.

The company raised about $56 million in gross proceeds and is using the proceeds to pay down the debt and increase its marketing investment. Investors are bullish on the company due to strong growth Lovesac is projecting. The bears worry about the business model and the small market cap of $265 million...

https://www.finstead.com/bite/Lovesac-LO...

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