Lazydays (NASDAQ:LAZY) Price Target Lowered to $12.00 at Truist Financial

Lazydays (NASDAQ:LAZY – Get Rating) had its price target trimmed by Truist Financial from $13.00 to $12.00 in a research note issued to investors on Thursday, The Fly reports.

Separately, DA Davidson lowered their target price on Lazydays from $12.00 to $11.00 in a research report on Tuesday, May 2nd.

Lazydays Price Performance

Shares of NASDAQ:LAZY opened at $11.70 on Thursday. The company has a quick ratio of 0.21, a current ratio of 1.27 and a debt-to-equity ratio of 0.34. Lazydays has a twelve month low of $10.42 and a twelve month high of $18.55. The stock’s 50 day moving average is $11.59 and its 200-day moving average is $12.51. The firm has a market capitalization of $161.96 million, a price-to-earnings ratio of 15.41 and a beta of 1.74.

Lazydays (NASDAQ:LAZY – Get Rating) last issued its earnings results on Thursday, February 23rd. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). Lazydays had a return on equity of 15.47% and a net margin of 3.04%. The firm had revenue of $243.49 million for the quarter, compared to analyst estimates of $285.80 million. Sell-side analysts forecast that Lazydays will post 0.34 EPS for the current fiscal year.

Insider Activity at Lazydays

In related news, Director Coliseum Capital Management, L purchased 362,114 shares of the stock in a transaction that occurred on Thursday, March 2nd. The stock was acquired at an average cost of $12.50 per share, with a total value of $4,526,425.00. Following the transaction, the director now owns 4,953,239 shares of the company’s stock, valued at approximately $61,915,487.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders purchased 1,770,634 shares of company stock valued at $21,012,288. 24.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Lazydays

A number of hedge funds have recently made changes to their positions in LAZY. Cannell Capital LLC bought a new stake in shares of Lazydays during the 1st quarter worth $11,755,000. Park West Asset Management LLC bought a new stake in shares of Lazydays during the 3rd quarter worth $5,485,000. Millennium Management LLC bought a new stake in shares of Lazydays during the 2nd quarter worth $1,273,000. Yarra Square Partners LP bought a new stake in shares of Lazydays during the 1st quarter worth $1,816,000. Finally, VELA Investment Management LLC bought a new stake in shares of Lazydays during the 4th quarter worth $805,000.

About Lazydays

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Lazydays Holdings, Inc retails recreational vehicles, motorcycles, jet skis and related accessories. The company operates recreation vehicle dealerships, generating revenue by providing RV owners a full spectrum of products: RV sales, RV services, financing and insurance products, RV parts and accessories, RV rentals, third-party protection plans, and RV camping.