Lazydays (NASDAQ:GORV) Stock Price Up 1.3% – Time to Buy?

Lazydays Holdings, Inc. (NASDAQ:GORV) shares rose 1.3% during trading on Wednesday . The company traded as high as $0.80 and last traded at $0.79. Approximately 31,295 shares traded hands during trading, a decline of 24% from the average daily volume of 40,953 shares. The stock had previously closed at $0.78.

Lazydays Price Performance

The firm has a market cap of $11.21 million, a P/E ratio of -0.06 and a beta of 1.98. The business has a 50-day simple moving average of $0.91 and a 200 day simple moving average of $1.54. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.12 and a current ratio of 0.91.

Insider Transactions at Lazydays

In related news, major shareholder Coliseum Capital Management, L acquired 14,563,106 shares of Lazydays stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average price of $1.03 per share, with a total value of $14,999,999.18. Following the transaction, the insider now directly owns 21,085,529 shares in the company, valued at approximately $21,718,094.87. This represents a 223.28 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GORV. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Lazydays during the 2nd quarter valued at $36,000. Dimensional Fund Advisors LP purchased a new stake in shares of Lazydays during the 2nd quarter valued at about $187,000. Finally, Nantahala Capital Management LLC purchased a new stake in Lazydays in the 2nd quarter worth approximately $1,270,000. Institutional investors own 89.67% of the company’s stock.

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.