Zacks Investment Research Upgrades Lazydays (LAZY) to “Hold”

Lazydays (NASDAQ:LAZY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

According to Zacks, “Lazydays Holdings, Inc. is an iconic brand in the RV industry. It offer RV brands, Lazydays features new and pre-owned RVs, service bays and on-site campgrounds. The company also has rental fleets in Florida, Arizona and Colorado. In addition, Lazydays RV Accessories & More stores offer accessories and hard-to-find parts. Lazydays Holdings, Inc., formerly known as Andina Acquisition Corp. II, is based in New York, United States. “

Separately, Northland Securities started coverage on shares of Lazydays in a research note on Wednesday, June 6th. They set an “outperform” rating and a $15.75 price target on the stock.

Shares of NASDAQ:LAZY opened at $8.50 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.47 and a debt-to-equity ratio of 0.21. Lazydays has a 1 year low of $7.25 and a 1 year high of $11.66.

Lazydays (NASDAQ:LAZY) last issued its quarterly earnings results on Friday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.34). The business had revenue of $162.11 million for the quarter, compared to the consensus estimate of $172.92 million. equities research analysts forecast that Lazydays will post 0.75 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. TD Asset Management Inc. acquired a new position in shares of Lazydays during the second quarter worth about $1,984,000. Royce & Associates LP acquired a new position in shares of Lazydays during the second quarter worth about $267,000. Finally, BlackRock Inc. acquired a new position in shares of Lazydays during the second quarter worth about $134,000. 57.85% of the stock is owned by institutional investors and hedge funds.

Lazydays Company Profile

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.

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