Lazydays (NASDAQ:GORV) Trading Down 7.1% – Should You Sell?

Lazydays Holdings, Inc. (NASDAQ:GORV) was down 7.1% during trading on Wednesday . The stock traded as low as $0.91 and last traded at $0.91. Approximately 89,517 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 128,085 shares. The stock had previously closed at $0.98.

Analyst Upgrades and Downgrades

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

Lazydays Price Performance

The company has a quick ratio of 0.12, a current ratio of 0.91 and a debt-to-equity ratio of 2.35. The company’s 50-day moving average is $1.10 and its 200-day moving average is $2.01. The stock has a market cap of $13.20 million, a price-to-earnings ratio of -0.07 and a beta of 1.97.

Insider Transactions at Lazydays

In other news, major shareholder Coliseum Capital Management, L purchased 14,563,106 shares of Lazydays stock in a transaction on Friday, November 15th. The shares were purchased at an average cost of $1.03 per share, for a total transaction of $14,999,999.18. Following the completion of the transaction, the insider now directly owns 21,085,529 shares in the company, valued at approximately $21,718,094.87. This represents a 223.28 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 61.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of GORV. Point72 Asia Singapore Pte. Ltd. acquired a new position in Lazydays in the second quarter worth $36,000. Dimensional Fund Advisors LP acquired a new position in Lazydays during the 2nd quarter worth about $187,000. Finally, Nantahala Capital Management LLC bought a new stake in Lazydays during the 2nd quarter worth about $1,270,000. Institutional investors 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.