Truist Financial Lowers Lazydays (NASDAQ:LAZY) Price Target to $11.00

Lazydays (NASDAQ:LAZY) had its price target dropped by equities research analysts at Truist Financial from $13.00 to $11.00 in a note issued to investors on Friday, Marketbeat Ratings reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s target price would suggest a potential upside of 20.09% from the stock’s current price.

Several other equities analysts also recently weighed in on LAZY. DA Davidson upgraded Lazydays from a “neutral” rating to a “buy” rating and raised their price target for the company from $11.00 to $14.00 in a report on Friday, June 30th. TheStreet downgraded Lazydays from a “c-” rating to a “d+” rating in a report on Wednesday, September 6th. Finally, CJS Securities assumed coverage on Lazydays in a report on Monday, June 12th. They set an “outperform” rating and a $20.00 price target for the company.

Lazydays Price Performance

LAZY opened at $9.16 on Friday. The stock has a fifty day simple moving average of $11.68 and a two-hundred day simple moving average of $11.64. The company has a current ratio of 1.27, a quick ratio of 0.18 and a debt-to-equity ratio of 0.33. The company has a market cap of $127.51 million, a price-to-earnings ratio of 152.67 and a beta of 1.76. Lazydays has a 12-month low of $8.73 and a 12-month high of $15.72.

Lazydays (NASDAQ:LAZY) last posted its quarterly earnings data on Friday, July 28th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. The business had revenue of $308.38 million during the quarter, compared to the consensus estimate of $328.80 million. Lazydays had a return on equity of 6.79% and a net margin of 0.81%. Research analysts predict that Lazydays will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lazydays

Several large investors have recently bought and sold shares of the business. California State Teachers Retirement System bought a new stake in Lazydays in the 2nd quarter worth about $49,000. Wells Fargo & Company MN increased its holdings in Lazydays by 8,658.2% in the 2nd quarter. Wells Fargo & Company MN now owns 4,817 shares of the company’s stock worth $56,000 after buying an additional 4,762 shares in the last quarter. Royal Bank of Canada increased its holdings in Lazydays by 12.6% in the 2nd quarter. Royal Bank of Canada now owns 49,216 shares of the company’s stock worth $569,000 after buying an additional 5,526 shares in the last quarter. Cannell Capital LLC increased its holdings in Lazydays by 8.5% in the 2nd quarter. Cannell Capital LLC now owns 1,092,399 shares of the company’s stock worth $12,628,000 after buying an additional 85,119 shares in the last quarter. Finally, Coliseum Capital Management LLC boosted its position in Lazydays by 13.5% in the second quarter. Coliseum Capital Management LLC now owns 6,190,050 shares of the company’s stock worth $71,557,000 after purchasing an additional 734,916 shares during the last quarter. 83.13% of the stock is currently owned by institutional investors.

About Lazydays

Lazydays Holdings, Inc operates recreational vehicle (RV) dealerships under the Lazydays name in the United States. The company provides RV sales, RV-repair and services, financing and insurance products, third-party protection plans, after-market parts and accessories, and RV camping facilities. It also operates the Lazydays RV resort at Tampa, Florida.