Lazydays (LAZY) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Lazydays (NASDAQ:LAZY) from a strong sell rating to a hold rating in a research note published on Thursday, reports.

According to Zacks, “Lazydays Holdings, Inc. is an iconic brand in the RV industry. It offer RV brands, Lazydays features new and pre-owned RVs, service bays and on-site campgrounds. The company also has rental fleets in Florida, Arizona and Colorado. In addition, Lazydays RV Accessories & More stores offer accessories and hard-to-find parts. Lazydays Holdings, Inc., formerly known as Andina Acquisition Corp. II, is based in New York, United States. “

Separately, Northland Securities set a $11.00 price target on Lazydays and gave the stock a buy rating in a research report on Friday, March 22nd.

Lazydays stock traded down $0.07 during mid-day trading on Thursday, hitting $5.23. The company’s stock had a trading volume of 2,690 shares, compared to its average volume of 10,533. Lazydays has a 1 year low of $4.13 and a 1 year high of $9.51. The company has a current ratio of 1.30, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23.

In other news, Director Coliseum Capital Management, L purchased 7,138 shares of the stock in a transaction dated Thursday, May 16th. The stock was acquired at an average cost of $4.93 per share, for a total transaction of $35,190.34. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have bought 18,852 shares of company stock valued at $89,603. Company insiders own 15.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LAZY. Wiley BROS. Aintree Capital LLC purchased a new position in shares of Lazydays during the first quarter worth $64,000. Dimensional Fund Advisors LP purchased a new position in shares of Lazydays during the first quarter worth $70,000. California Public Employees Retirement System purchased a new position in shares of Lazydays during the first quarter worth $191,000. Finally, Nokomis Capital L.L.C. raised its stake in shares of Lazydays by 3.6% in the first quarter. Nokomis Capital L.L.C. now owns 434,322 shares of the company’s stock valued at $2,059,000 after acquiring an additional 15,253 shares in the last quarter. Institutional investors and hedge funds own 33.51% of the company’s stock.

About Lazydays

Lazydays Holdings, Inc, through its subsidiaries, operates recreation vehicle (RV) dealerships in the United States. It provides various products, including RV sales, RV services, financing and insurance products, RV parts and accessories, RV rentals, third-party protection plans, after-market parts and accessories, and RV camping for RV owners.

Further Reading: What is the return on assets (ROA) ratio?

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