Lazydays (NASDAQ:GORV) PT Lowered to $2.00 at Truist Financial

Lazydays (NASDAQ:GORV) had its price target lowered by Truist Financial from $4.00 to $2.00 in a report released on Monday, Benzinga reports. The brokerage currently has a hold rating on the stock.

Lazydays Stock Up 5.6 %

Lazydays stock opened at $1.90 on Monday. The company’s 50-day moving average is $2.83 and its 200-day moving average is $3.53. The firm has a market capitalization of $26.74 million, a PE ratio of -0.20 and a beta of 2.02. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.01 and a quick ratio of 0.18. Lazydays has a fifty-two week low of $1.75 and a fifty-two week high of $11.92.

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

Hedge Funds Weigh In On Lazydays

A number of large investors have recently made changes to their positions in the company. Nantahala Capital Management LLC acquired a new stake in shares of Lazydays during the second quarter worth $1,270,000. Dimensional Fund Advisors LP bought a new position in shares of Lazydays during the second quarter worth approximately $187,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Lazydays in the second quarter valued at approximately $36,000. Institutional investors own 89.67% of the company’s stock.

About Lazydays

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.