There’s Something Awry at Leslies Inc (NASDAQ:LESL) Since Share Price Gets Ahead of Fundamentals

Leslies Inc (NASDAQ:LESL) shares traded 8.00% higher at $2.97 on Wall Street last session.

LESL stock price is now 3.24% away from the 50-day moving average and -37.41% away from the 200-day moving average. The market capitalization of the company currently stands at $549.18M.

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With the price target reduced from $6 to $4, Telsey Advisory Group maintained Market Perform rating for Leslies Inc (NASDAQ: LESL). On July 18, 2024, Stifel Downgraded its previous ‘Hold’ rating to ‘Sell’ on the stock reducing its target price from $5.25 to quote $2.50, while ‘Mizuho’ rates the stock as ‘Neutral’

In other news, Daniel Yolanda, Director bought 6,000 shares of the company’s stock on Sep 06 ’24. The stock was bought for $18,540 at an average price of $3.09. Upon completion of the transaction, the Director now directly owns 32,015 shares in the company, valued at $95084.55. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 03 ’24, Director Estep Jonathan S bought 17,200 shares of the business’s stock. A total of $49,880 was incurred on buying the stock at an average price of $2.90. This leaves the insider owning 24,680 shares of the company worth $73299.6. A total of 4.29% of the company’s stock is owned by insiders.

During the past 12 months, Leslies Inc has had a low of $2.42 and a high of $8.21. According to the stock market information, the enterprise value for the company is $1529844992, which is based on a 190.38 price-to-earnings ratio, a 21.79 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for LESL is $2.8767 and a two-hundred day moving average price translates $4.745 for the stock.

The latest earnings results from Leslies Inc (NASDAQ: LESL) was released for 2024-06-29. The company reported revenue of $569.64 million for the quarter, compared to $610.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.75 percent.

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