Lazydays (LAZY) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Lazydays (NASDAQ:LAZY) from a sell rating to a hold rating in a report issued 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, ValuEngine downgraded shares of Lazydays from a hold rating to a sell rating in a research report on Saturday, October 27th.

NASDAQ LAZY opened at $5.50 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 0.47. Lazydays has a 1-year low of $4.41 and a 1-year high of $11.66.

In other Lazydays news, CEO William P. Murnane purchased 10,000 shares of the company’s stock in a transaction dated Monday, November 12th. The stock was bought at an average cost of $5.08 per share, for a total transaction of $50,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director B. Luke Weil sold 27,541 shares of Lazydays stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $8.07, for a total transaction of $222,255.87. The disclosure for this sale can be found here. Over the last quarter, insiders bought 33,026 shares of company stock valued at $169,666. 15.60% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Lazydays in the second quarter valued at approximately $134,000. Royce & Associates LP bought a new position in Lazydays in the second quarter valued at approximately $267,000. Finally, TD Asset Management Inc. bought a new position in Lazydays in the second quarter valued at approximately $1,984,000. 60.55% of the stock is currently owned by institutional investors and hedge funds.

About Lazydays

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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