Lazydays (NASDAQ:GORV) Releases Quarterly Earnings Results

Lazydays (NASDAQ:GORV) issued its quarterly earnings results on Friday. The company reported ($21.99) EPS for the quarter, Zacks reports. Lazydays had a negative net margin of 22.06% and a negative return on equity of 139.43%. The business had revenue of $101.43 million for the quarter.

Lazydays Price Performance

GORV stock traded down $0.37 during trading hours on Friday, hitting $1.13. 8,246,740 shares of the stock traded hands, compared to its average volume of 150,223. The stock has a 50-day simple moving average of $2.18 and a 200 day simple moving average of $4.63. The company has a market cap of $4.22 million, a P/E ratio of -0.01 and a beta of 1.63. Lazydays has a one year low of $0.80 and a one year high of $46.80. The company has a current ratio of 0.91, a quick ratio of 0.23 and a debt-to-equity ratio of 1.81.

Hedge Funds Weigh In On Lazydays

An institutional investor recently raised its position in Lazydays stock. Goldman Sachs Group Inc. increased its holdings in Lazydays Holdings, Inc. (NASDAQ:GORV) by 2,077.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,295 shares of the company’s stock after purchasing an additional 262,653 shares during the quarter. Goldman Sachs Group Inc. owned 0.25% of Lazydays worth $89,000 at the end of the most recent quarter. Institutional investors own 89.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Lazydays to a “hold” rating in a research report on Friday, July 18th. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Lazydays in a research note on Tuesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lazydays has a consensus rating of “Sell”.

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.