Lazydays (NASDAQ:GORV) Given New $2.00 Price Target at Truist Financial

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

Lazydays Price Performance

GORV stock opened at $1.95 on Monday. The stock has a market capitalization of $27.44 million, a PE ratio of -0.20 and a beta of 2.02. The company’s 50-day moving average is $2.80 and its 200-day moving average is $3.52. 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 1 year low of $1.75 and a 1 year high of $11.92.

Lazydays (NASDAQ:GORV) last posted its earnings results on Thursday, August 15th. The company reported ($1.42) EPS for the quarter, missing the consensus estimate of ($0.30) by ($1.12). Lazydays had a negative return on equity of 16.47% and a negative net margin of 12.48%. The firm had revenue of $238.69 million for the quarter, compared to the consensus estimate of $302.40 million. During the same period in the prior year, the business earned $0.14 EPS. Equities research analysts expect that Lazydays will post -1.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Lazydays

Large investors have recently modified their holdings of the stock. Nantahala Capital Management LLC purchased a new position in Lazydays in the 2nd quarter valued at approximately $1,270,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Lazydays in the 2nd quarter valued at $36,000. Finally, Dimensional Fund Advisors LP bought a new position in Lazydays in the 2nd quarter valued at $187,000. Hedge funds and other 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.