Lazydays (NASDAQ:GORV) Stock Price Down 7.1% – Here’s Why

Lazydays Holdings, Inc. (NASDAQ:GORV) shares were down 7.1% during trading on Wednesday . The company traded as low as $0.91 and last traded at $0.91. Approximately 89,517 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 128,085 shares. The stock had previously closed at $0.98.

Analyst Upgrades and Downgrades

GORV has been the topic of several analyst reports. CJS Securities restated a “market perform” rating on shares of Lazydays in a report on Monday, August 19th. Truist Financial reduced their price objective on shares of Lazydays from $4.00 to $2.00 and set a “hold” rating on the stock in a research note on Monday, August 19th.

Lazydays Price Performance

The company has a quick ratio of 0.12, a current ratio of 0.91 and a debt-to-equity ratio of 2.35. The company has a 50 day simple moving average of $1.10 and a 200-day simple moving average of $2.01. The stock has a market cap of $13.20 million, a price-to-earnings ratio of -0.07 and a beta of 1.97.

Insider Activity at Lazydays

In other Lazydays news, major shareholder Coliseum Capital Management, L acquired 14,563,106 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average price of $1.03 per share, with a total value of $14,999,999.18. Following the transaction, the insider now directly owns 21,085,529 shares in the company, valued at approximately $21,718,094.87. This represents a 223.28 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 61.50% of the company’s stock.

Institutional Trading of Lazydays

A number of large investors have recently modified their holdings of GORV. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Lazydays during the 2nd quarter worth about $36,000. Dimensional Fund Advisors LP purchased a new stake in Lazydays during the second quarter valued at about $187,000. Finally, Nantahala Capital Management LLC acquired a new position in Lazydays in the 2nd quarter worth approximately $1,270,000. 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.