Insider Buying: Lazydays Holdings, Inc. (NASDAQ:GORV) Major Shareholder Purchases 14,563,106 Shares of Stock

Lazydays Holdings, Inc. (NASDAQ:GORV) major shareholder Coliseum Capital Management, L bought 14,563,106 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average cost of $1.03 per share, with a total value of $14,999,999.18. Following the completion of the purchase, the insider now owns 21,085,529 shares of the company’s stock, valued at approximately $21,718,094.87. The trade was a 223.28 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Lazydays Stock Performance

Lazydays stock opened at $0.90 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.78 and a quick ratio of 0.16. The company has a market cap of $12.75 million, a P/E ratio of -0.07 and a beta of 2.01. Lazydays Holdings, Inc. has a fifty-two week low of $0.79 and a fifty-two week high of $8.15. The firm’s 50 day simple moving average is $1.29 and its 200-day simple moving average is $2.35.

Institutional Trading of Lazydays

Several large investors have recently added to or reduced their stakes in GORV. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Lazydays in the second quarter worth $36,000. Dimensional Fund Advisors LP purchased a new stake in Lazydays in the 2nd quarter worth about $187,000. Finally, Nantahala Capital Management LLC purchased a new stake in Lazydays in the 2nd quarter worth about $1,270,000. 89.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GORV has been the subject of several research reports. Truist Financial reduced their price objective on Lazydays from $4.00 to $2.00 and set a “hold” rating for the company in a research note on Monday, August 19th. CJS Securities reiterated a “market perform” rating on shares of Lazydays in a research report on Monday, August 19th.

Lazydays Company Profile

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.