Lazydays (NASDAQ:LAZY) Coverage Initiated at Truist


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Analysts at Truist initiated coverage on shares of Lazydays (NASDAQ:LAZY) in a report released on Monday, The Fly reports. The firm set a “buy” rating and a $26.00 price target on the stock. Truist’s price objective suggests a potential upside of 6.04% from the company’s current price.

Separately, TheStreet upgraded shares of Lazydays from a “c-” rating to a “b-” rating in a research report on Friday, March 19th.

LAZY stock opened at $24.52 on Monday. Lazydays has a 52 week low of $3.12 and a 52 week high of $25.74. The company has a market capitalization of $263.76 million, a price-to-earnings ratio of 30.65 and a beta of 1.68. The firm’s 50-day moving average is $20.62 and its two-hundred day moving average is $18.08. The company has a current ratio of 1.28, a quick ratio of 0.76 and a debt-to-equity ratio of 0.87.

Lazydays (NASDAQ:LAZY) last released its quarterly earnings results on Thursday, March 18th. The company reported $0.56 EPS for the quarter. Lazydays had a net margin of 2.89% and a return on equity of 26.76%. The company had revenue of $196.57 million for the quarter.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LAZY. Game Plan Financial Advisors LLC bought a new stake in shares of Lazydays in the 4th quarter worth approximately $266,000. Navellier & Associates Inc raised its holdings in shares of Lazydays by 14.6% in the 4th quarter. Navellier & Associates Inc now owns 19,639 shares of the company’s stock worth $319,000 after purchasing an additional 2,499 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Lazydays by 10.3% in the 4th quarter. Royce & Associates LP now owns 33,088 shares of the company’s stock worth $538,000 after purchasing an additional 3,088 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Lazydays in the 4th quarter worth approximately $533,000. Finally, ClariVest Asset Management LLC bought a new stake in shares of Lazydays in the 4th quarter worth approximately $385,000. Institutional investors and hedge funds own 32.78% of the company’s stock.

About Lazydays

Lazydays Holdings, Inc operates recreation vehicle (RV) dealerships under the Lazydays name in the United States. It provides RV sales, RV parts and services, after-market parts and accessories, and RV camping facilities. The company offers various new and used RVs; onsite general RV maintenance and repair services; and collision repair services, as well as sells and installs various parts and accessories, such as tow hitches, satellite dishes, and suspension systems.

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