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

Zacks Investment Research upgraded shares of Lazydays (NASDAQ:LAZY) from a sell rating to a hold rating in a report published 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 upgraded shares of Lazydays from a sell rating to a hold rating in a report on Thursday, November 8th.

Shares of 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 52 week low of $4.41 and a 52 week high of $11.66.

In other news, Director B. Luke Weil sold 27,541 shares of Lazydays stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $8.07, for a total transaction of $222,255.87. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James J. Fredlake purchased 9,195 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were acquired at an average price of $4.98 per share, for a total transaction of $45,791.10. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 33,026 shares of company stock worth $169,666. 15.60% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. 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 60.55% of the company’s stock.

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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