Lazydays (NASDAQ:LAZY) Price Target Cut to $16.00

Lazydays (NASDAQ:LAZYGet Rating) had its price objective decreased by analysts at Truist Financial to $16.00 in a research note issued on Thursday, Stock Target Advisor reports. Truist Financial’s price objective would indicate a potential upside of 4.78% from the stock’s previous close.

Several other research firms have also commented on LAZY. Craig Hallum lowered their price target on shares of Lazydays from $33.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, March 11th. Zacks Investment Research cut Lazydays from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Finally, TheStreet downgraded Lazydays from a “b-” rating to a “c” rating in a research report on Wednesday, May 4th.

Shares of NASDAQ:LAZY traded up $0.49 during trading on Thursday, hitting $15.27. 17,943 shares of the company traded hands, compared to its average volume of 174,576. The stock has a market capitalization of $211.87 million, a price-to-earnings ratio of 3.48 and a beta of 1.78. The business’s fifty day moving average is $19.06 and its 200-day moving average is $19.01. Lazydays has a one year low of $14.12 and a one year high of $25.70. The company has a quick ratio of 0.46, a current ratio of 1.36 and a debt-to-equity ratio of 0.53.

Lazydays (NASDAQ:LAZYGet Rating) last announced its quarterly earnings results on Friday, March 11th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.07. The business had revenue of $322.54 million for the quarter, compared to the consensus estimate of $323.10 million. Lazydays had a return on equity of 55.31% and a net margin of 7.57%. On average, analysts forecast that Lazydays will post 3.61 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new position in shares of Lazydays during the fourth quarter valued at approximately $26,000. Advisor Group Holdings Inc. boosted its stake in Lazydays by 130.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,764 shares of the company’s stock valued at $35,000 after purchasing an additional 1,000 shares in the last quarter. Citigroup Inc. raised its stake in shares of Lazydays by 138.8% in the 4th quarter. Citigroup Inc. now owns 2,008 shares of the company’s stock worth $43,000 after buying an additional 1,167 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Lazydays by 158.1% in the third quarter. BNP Paribas Arbitrage SA now owns 2,475 shares of the company’s stock valued at $53,000 after buying an additional 1,516 shares during the period. Finally, Bank of America Corp DE acquired a new stake in shares of Lazydays in the second quarter valued at $78,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

About Lazydays (Get Rating)

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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