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 company’s stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of $1.03 per share, with a total value of $14,999,999.18. Following the completion of the acquisition, the insider now owns 21,085,529 shares in the company, valued at $21,718,094.87. This represents a 223.28 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Lazydays Price Performance

GORV stock traded down $0.23 during midday trading on Tuesday, reaching $0.90. 661,074 shares of the company’s stock traded hands, compared to its average volume of 127,357. The company has a 50-day simple moving average of $1.29 and a two-hundred day simple moving average of $2.35. Lazydays Holdings, Inc. has a 1-year low of $0.79 and a 1-year high of $8.15. The company has a market cap of $12.75 million, a price-to-earnings ratio of -0.07 and a beta of 2.01. The company has a quick ratio of 0.16, a current ratio of 0.78 and a debt-to-equity ratio of 1.04.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GORV shares. CJS Securities reissued a “market perform” rating on shares of Lazydays in a report on Monday, August 19th. Truist Financial dropped their target price on Lazydays from $4.00 to $2.00 and set a “hold” rating for the company in a report on Monday, August 19th.

Institutional Investors Weigh In On Lazydays

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Lazydays during the 2nd quarter valued at $36,000. Dimensional Fund Advisors LP acquired a new stake in Lazydays during the 2nd quarter valued at $187,000. Finally, Nantahala Capital Management LLC bought a new position in Lazydays in the 2nd quarter valued at $1,270,000. 89.67% of the stock is owned by institutional investors and hedge funds.

About Lazydays

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.