Lazydays (NASDAQ:GORV) Given New $2.00 Price Target at Truist Financial

Lazydays (NASDAQ:GORV) had its target price decreased by Truist Financial from $4.00 to $2.00 in a report released on Monday morning, Benzinga reports. Truist Financial currently has a hold rating on the stock.

Lazydays Trading Down 5.0 %

Shares of NASDAQ:GORV opened at $2.07 on Monday. Lazydays has a 52-week low of $1.75 and a 52-week high of $11.92. The stock has a market cap of $29.13 million, a price-to-earnings ratio of -0.22 and a beta of 2.02. The company has a quick ratio of 0.18, a current ratio of 1.01 and a debt-to-equity ratio of 1.13. The business has a 50-day moving average price of $2.90 and a 200-day moving average price of $3.56.

Lazydays (NASDAQ:GORV) last announced its quarterly earnings data on Thursday, August 15th. The company reported ($1.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($1.12). The firm had revenue of $238.69 million during the quarter, compared to analysts’ expectations of $302.40 million. Lazydays had a negative return on equity of 16.47% and a negative net margin of 12.48%. During the same quarter in the previous year, the business earned $0.14 earnings per share. Equities analysts predict that Lazydays will post -1.61 EPS for the current year.

Institutional Trading of Lazydays

A hedge fund recently bought a new stake in Lazydays stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Lazydays Holdings, Inc. (NASDAQ:GORV) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,234 shares of the company’s stock, valued at approximately $36,000. Point72 Asia Singapore Pte. Ltd. owned 0.10% of Lazydays as of its most recent SEC filing. Institutional investors and hedge funds own 89.67% of the company’s stock.

About Lazydays

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