Point72 Asia Singapore Pte. Ltd. Makes New $36,000 Investment in Lazydays Holdings, Inc. (NASDAQ:GORV)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Lazydays Holdings, Inc. (NASDAQ:GORV) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 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.

Separately, Dimensional Fund Advisors LP acquired a new position in Lazydays in the 2nd quarter worth $187,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Lazydays Stock Up 2.0 %

Shares of GORV stock opened at $1.50 on Tuesday. The firm’s fifty day moving average price is $2.06 and its two-hundred day moving average price is $3.00. The company has a current ratio of 0.78, a quick ratio of 0.16 and a debt-to-equity ratio of 1.04. Lazydays Holdings, Inc. has a 1 year low of $1.37 and a 1 year high of $8.27. The firm has a market capitalization of $21.11 million, a P/E ratio of -0.16 and a beta of 1.98.

Lazydays (NASDAQ:GORV) last released its earnings results on Thursday, August 15th. The company reported ($1.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($1.12). The company had revenue of $238.69 million during the quarter, compared to analyst estimates of $302.40 million. Lazydays had a negative net margin of 18.19% and a negative return on equity of 35.04%. During the same period in the prior year, the firm posted $0.14 EPS. On average, equities analysts predict that Lazydays Holdings, Inc. will post -2.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Truist Financial cut their price target on Lazydays from $4.00 to $2.00 and set a “hold” rating on the stock in a report on Monday, August 19th. CJS Securities reaffirmed a “market perform” rating on shares of Lazydays in a research report on Monday, August 19th.

Lazydays Profile

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.