Lazydays’ (GORV) “Market Perform” Rating Reaffirmed at CJS Securities

CJS Securities reissued their market perform rating on shares of Lazydays (NASDAQ:GORV) in a research note published on Monday, Marketbeat reports.

Separately, Truist Financial reduced their price target on shares of Lazydays from $4.00 to $2.00 and set a hold rating for the company in a research report on Monday.

Lazydays Price Performance

Shares of NASDAQ:GORV opened at $1.90 on Monday. The company has a 50-day moving average price of $2.83 and a 200 day moving average price of $3.53. Lazydays has a 52 week low of $1.75 and a 52 week high of $11.92. The company has a quick ratio of 0.18, a current ratio of 1.01 and a debt-to-equity ratio of 1.13. The company has a market cap of $26.74 million, a P/E ratio of -0.20 and a beta of 2.02.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Nantahala Capital Management LLC purchased a new position in shares of Lazydays during the 2nd quarter worth approximately $1,270,000. Dimensional Fund Advisors LP purchased a new position in shares of Lazydays during the 2nd quarter worth approximately $187,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Lazydays during the 2nd quarter worth approximately $36,000. 89.67% of the stock is owned by hedge funds and other institutional investors.

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.