Zacks Investment Research upgraded shares of Lazydays (NASDAQ:LAZY) from a sell rating to a hold rating in a report released on Friday morning.
According to Zacks, “Lazydays Holdings, Inc. is an iconic brand in the RV industry. It offer RV brands, Lazydays features new and pre-owned RVs, service bays and on-site campgrounds. The company also has rental fleets in Florida, Arizona and Colorado. In addition, Lazydays RV Accessories & More stores offer accessories and hard-to-find parts. Lazydays Holdings, Inc., formerly known as Andina Acquisition Corp. II, is based in New York, United States. “
Separately, ValuEngine upgraded shares of Lazydays from a sell rating to a hold rating in a report on Thursday, November 8th.
NASDAQ LAZY traded down $0.41 during trading on Friday, reaching $4.95. 23,512 shares of the stock traded hands, compared to its average volume of 13,714. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.53 and a current ratio of 1.41. Lazydays has a fifty-two week low of $4.41 and a fifty-two week high of $11.66.
In related news, CEO William P. Murnane purchased 10,000 shares of Lazydays stock in a transaction dated Monday, November 12th. The stock was bought at an average price of $5.08 per share, for a total transaction of $50,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director B. Luke Weil sold 27,541 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $8.07, for a total transaction of $222,255.87. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 23,831 shares of company stock valued at $123,874. Corporate insiders own 15.60% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Lazydays in the second quarter valued at approximately $134,000. Royce & Associates LP acquired a new position in shares of Lazydays in the second quarter valued at approximately $267,000. Finally, TD Asset Management Inc. acquired a new position in shares of Lazydays in the second quarter valued at approximately $1,984,000. Institutional investors own 57.96% of the company’s stock.
Lazydays Holdings, Inc, through its subsidiaries, operates recreation vehicle (RV) dealerships in the United States. It provides various products, including RV sales, RV services, financing and insurance products, RV parts and accessories, RV rentals, third-party protection plans, and RV camping for RV owners.
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