Lazydays Holdings, Inc. (NASDAQ:LAZY – Get Rating) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 854,800 shares, a growth of 11.3% from the September 30th total of 767,800 shares. Currently, 9.0% of the shares of the company are short sold. Based on an average daily volume of 80,300 shares, the days-to-cover ratio is presently 10.6 days.
Lazydays Trading Up 0.2 %
Lazydays stock opened at $12.62 on Friday. The firm has a 50 day moving average of $14.22 and a 200 day moving average of $15.13. The firm has a market capitalization of $138.19 million, a price-to-earnings ratio of 3.16 and a beta of 1.78. Lazydays has a 12-month low of $11.25 and a 12-month high of $22.48. The company has a current ratio of 1.35, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51.
Lazydays (NASDAQ:LAZY – Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.88). Lazydays had a return on equity of 48.67% and a net margin of 7.76%. The business had revenue of $373.55 million during the quarter, compared to the consensus estimate of $398.70 million. As a group, research analysts predict that Lazydays will post 3.47 earnings per share for the current year.
In other news, CFO Nicholas J. Tomashot sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $17.47, for a total transaction of $87,350.00. Following the completion of the sale, the chief financial officer now owns 62,460 shares of the company’s stock, valued at approximately $1,091,176.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Lazydays news, major shareholder B. Riley Financial, Inc. purchased 11,192 shares of Lazydays stock in a transaction dated Monday, September 26th. The stock was purchased at an average price of $12.73 per share, with a total value of $142,474.16. Following the transaction, the insider now directly owns 831,457 shares of the company’s stock, valued at $10,584,447.61. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Nicholas J. Tomashot sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $17.47, for a total transaction of $87,350.00. Following the completion of the sale, the chief financial officer now directly owns 62,460 shares of the company’s stock, valued at $1,091,176.20. The disclosure for this sale can be found here. Insiders acquired 108,605 shares of company stock valued at $1,399,958 in the last quarter. 24.40% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. boosted its stake in Lazydays by 130.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,764 shares of the company’s stock worth $35,000 after purchasing an additional 1,000 shares during the period. State Street Corp boosted its stake in Lazydays by 1.0% in the 1st quarter. State Street Corp now owns 123,469 shares of the company’s stock worth $2,492,000 after purchasing an additional 1,211 shares during the period. Citadel Advisors LLC boosted its stake in Lazydays by 11.1% in the 2nd quarter. Citadel Advisors LLC now owns 20,772 shares of the company’s stock worth $245,000 after purchasing an additional 2,072 shares during the period. Gladius Capital Management LP bought a new position in shares of Lazydays during the 2nd quarter valued at approximately $30,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Lazydays by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 141,801 shares of the company’s stock valued at $2,861,000 after acquiring an additional 3,217 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Truist Financial reduced their target price on shares of Lazydays from $16.00 to $13.00 and set a “hold” rating for the company in a report on Friday, September 23rd.
Lazydays Holdings, Inc operates recreation vehicle (RV) dealerships under the Lazydays name in the United States. It provides RV sales, RV-repair and services, financing and insurance products, third-party protection plans, after-market parts and accessories, and RV camping facilities. The company also operates the Lazydays RV resort at Tampa, Florida.
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