Lazydays (LAZY) Downgraded by ValuEngine to “Sell”
ValuEngine downgraded shares of Lazydays (NASDAQ:LAZY) from a hold rating to a sell rating in a research report released on Saturday morning.
Separately, Zacks Investment Research downgraded Lazydays from a hold rating to a sell rating in a research report on Thursday, August 16th.
Shares of NASDAQ:LAZY traded down $0.38 on Friday, hitting $6.02. The company had a trading volume of 34,674 shares, compared to its average volume of 4,833. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 1.47. Lazydays has a 52-week low of $6.00 and a 52-week high of $11.66.
In other news, Director B. Luke Weil sold 27,541 shares of the company’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $8.07, for a total value of $222,255.87. The sale was disclosed in a filing with the SEC, which is available through this link. 15.60% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. TD Asset Management Inc. acquired a new position in Lazydays in the second quarter valued at $1,984,000. Royce & Associates LP acquired a new position in Lazydays in the second quarter valued at $267,000. Finally, BlackRock Inc. acquired a new position in Lazydays in the second quarter valued at $134,000. Institutional investors and hedge funds own 57.85% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Lazydays Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lazydays and related companies with MarketBeat.com's FREE daily email newsletter.