CJS Securities Reaffirms “Market Perform” Rating for Lazydays (NASDAQ:GORV)

Lazydays (NASDAQ:GORV)‘s stock had its “market perform” rating reiterated by investment analysts at CJS Securities in a report issued on Monday, Benzinga reports.

Separately, Truist Financial decreased their price target on Lazydays from $4.00 to $2.00 and set a “hold” rating for the company in a report on Monday.

Lazydays Stock Down 4.6 %

Shares of GORV traded down $0.10 during mid-day trading on Monday, hitting $2.08. 20,006 shares of the company’s stock were exchanged, compared to its average volume of 60,436. The stock’s 50-day moving average is $2.93 and its 200-day moving average is $3.59. The company has a market cap of $29.27 million, a price-to-earnings ratio of -0.22 and a beta of 2.02. Lazydays has a fifty-two week low of $1.75 and a fifty-two week high of $11.92. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.18 and a current ratio of 1.01.

Lazydays (NASDAQ:GORV) last released its quarterly earnings data on Thursday, August 15th. The company reported ($1.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($1.12). The company had revenue of $238.69 million for the quarter, compared to analyst estimates of $302.40 million. Lazydays had a negative return on equity of 16.47% and a negative net margin of 12.48%. During the same period in the previous year, the business posted $0.14 EPS. On average, sell-side analysts anticipate that Lazydays will post -1.61 earnings per share for the current fiscal year.

Institutional Trading of Lazydays

A hedge fund recently bought a new stake in Lazydays stock. Dimensional Fund Advisors LP purchased a new position in Lazydays Holdings, Inc. (NASDAQ:GORV) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 73,564 shares of the company’s stock, valued at approximately $187,000. Dimensional Fund Advisors LP owned approximately 0.52% of Lazydays at the end of the most recent reporting period. Institutional investors and hedge funds own 89.67% of the company’s stock.

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.