Lazydays (NASDAQ:LAZY) downgraded by TheStreet
Lazydays (NASDAQ:LAZY – Get a Rating) was downgraded by equity researchers at TheStreet from a “b-” rating to a “c” rating in a research report released Wednesday, TheStreetRatingsTable reports.
Other stock analysts have also recently released reports on the stock. Zacks Investment Research upgraded Lazydays shares from a “sell” to a “buy” rating and set a price target of $22.00 on the stock in a report released Wednesday. Truist Financial raised its price target on Lazydays shares from $20.00 to $24.00 and gave the stock a “holding” rating in a Friday, March 11 research report. Finally, Craig Hallum cut his price target on Lazydays shares from $33.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, March 11.
LAZY stock opened at $19.23 on Wednesday. Lazydays has a 52-week minimum of $15.45 and a 52-week maximum of $25.70. The company has a quick ratio of 0.50, a current ratio of 1.41 and a debt ratio of 0.56. The company has a market capitalization of $266.91 million, a P/E ratio of 5.43 and a beta of 1.78. The company’s 50-day simple moving average is $19.67 and its 200-day simple moving average is $19.45.
Lazydays (NASDAQ:LAZY – Get Rating) last released its quarterly earnings data on Friday, March 11. The company reported EPS of $0.90 for the quarter, beating consensus analyst estimates of $0.83 by $0.07. Lazydays had a return on equity of 51.92% and a net margin of 6.64%. The company posted revenue of $322.54 million in the quarter, compared to $323.10 million expected by analysts. On average, analysts expect Lazydays to post 3.55 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently increased or reduced their stake in the stock. Advisor Group Holdings Inc. increased its stake in Lazydays by 130.9% in Q1. Advisor Group Holdings Inc. now owns 1,764 shares of the company valued at $35,000 after acquiring an additional 1,000 shares in the last quarter. Citigroup Inc. increased its stake in Lazydays by 138.8% in the fourth quarter. Citigroup Inc. now owns 2,008 shares of the company valued at $43,000 after acquiring 1,167 additional shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in Lazydays in the 4th quarter valued at approximately $26,000. Trexquant Investment LP increased its holdings in Lazydays by 10.8% in Q3. Trexquant Investment LP now owns 13,866 shares of the company valued at $296,000 after acquiring 1,346 additional shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Lazydays by 8.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,743 shares of the company valued at $426,000 after acquiring 1,499 additional shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s shares.
Lazydays Company Profile (Get a rating)
Lazydays Holdings, Inc operates recreational vehicle (RV) dealerships under the Lazydays name in the United States. It provides RV sales, RV repairs and service, financing and insurance products, third-party protection plans, replacement parts and accessories, and RV camping facilities. The company also operates the Lazydays RV complex in Tampa, Florida.
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