Lazydays (NASDAQ:GORV) Stock Price Down 8.5% – What’s Next?

Lazydays Holdings, Inc. (NASDAQ:GORV)’s stock price traded down 8.5% on Thursday . The stock traded as low as $1.04 and last traded at $1.05. 25,530 shares traded hands during trading, a decline of 42% from the average session volume of 43,763 shares. The stock had previously closed at $1.15.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GORV. Truist Financial cut their target price on shares of Lazydays from $4.00 to $2.00 and set a “hold” rating on the stock in a research report on Monday, August 19th. CJS Securities reaffirmed a “market perform” rating on shares of Lazydays in a research note on Monday, August 19th.

Lazydays Trading Down 8.5 %

The business has a 50 day moving average price of $1.37 and a 200 day moving average price of $2.48. The company has a market capitalization of $14.88 million, a P/E ratio of -0.08 and a beta of 2.01. The company has a current ratio of 0.78, a quick ratio of 0.16 and a debt-to-equity ratio of 1.04.

Lazydays (NASDAQ:GORV) last posted its earnings results on Thursday, August 15th. The company reported ($1.42) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($1.12). Lazydays had a negative return on equity of 35.04% and a negative net margin of 18.19%. The firm had revenue of $238.69 million during the quarter, compared to analyst estimates of $302.40 million. During the same quarter last year, the business posted $0.14 earnings per share. Analysts anticipate that Lazydays Holdings, Inc. will post -5.12 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Lazydays during the second quarter worth about $36,000. Nantahala Capital Management LLC bought a new stake in Lazydays during the 2nd quarter worth approximately $1,270,000. Finally, Dimensional Fund Advisors LP bought a new stake in Lazydays during the 2nd quarter worth approximately $187,000. 89.67% of the stock is owned by institutional investors and hedge funds.

Lazydays Company Profile

Lazydays Holdings, Inc operates recreational vehicle (RV) dealerships under the Lazydays name in the United States. The company offers RV sales, RV-repair and services, financing and insurance products, third-party protection plans, and after-market parts and accessories. It also operates the Lazydays RV resort at Tampa, Florida.