Coliseum Capital Management LLC recently announced the acquisition of new stake in Lazydays Holdings Inc. (NASDAQ:LAZY). The institutional investor has increased its shareholding in the Consumer Cyclical company by 210.08% to 3.63 million shares with purchase of 2.46 million shares. This fresh investment now brings its stake to 34.48% valued currently at $43.38 million. In addition, Nokomis Capital LLC raised its holdings by 66410.0 to 0.49 million shares. And The Vanguard Group, Inc. has lifted its position by 1.21% or 5831.0 shares – to 0.49 million shares.
With over 0.4 million Lazydays Holdings Inc. (LAZY) shares trading Friday and a closing price of $13.23 on the day, the dollar volume was approximately $5.36 million. The shares have shown a positive half year performance of 2.40% and its price on 01/13/23 gained nearly 2.16%. Currently, there are 11.13M common shares owned by the public and among those 9.20M shares have been available to trade.
Insiders at the company have transacted a total of 41 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 35 of these insider trades were purchases, accounting for 2,903,377 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 1,720,100 shares.
The top 3 mutual fund holders in Lazydays Holdings Inc. are Vanguard Total Stock Market Index, Royce Pennsylvania Mutual Fund, and Royce Capital Fund – Small Cap Po. Vanguard Total Stock Market Index owns 0.32 million shares of the company’s stock, all valued at over $3.85 million. Royce Pennsylvania Mutual Fund bought 18600.0 shares to see its total holdings expand to 0.19 million shares valued at over $2.32 million and representing 1.84% of the shares outstanding. Royce Capital Fund – Small Cap Po bought 21389.0 shares to bring its total holdings to over 0.19 million shares at a value of $2.22 million. Royce Capital Fund – Small Cap Po now owns shares totaling to 1.76% of the shares outstanding.
Shares of Lazydays Holdings Inc. (NASDAQ: LAZY) opened at $12.96, up $0.01 from a prior closing price of $12.95. However, the script later moved the day high at 13.30, up 2.16%. The company’s stock has a 5-day price change of 4.01% and 2.00% over the past three months. LAZY shares are trading 10.80% year to date (YTD), with the 12-month market performance down to -28.49% lower. It has a 12-month low price of $11.25 and touched a high of $22.48 over the same period. LAZY has an average intraday trading volume of 105.53K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.48%, -0.04%, and -11.22% respectively.
Institutional ownership of Lazydays Holdings Inc. (NASDAQ: LAZY) shares accounts for 89.00% of the company’s 11.13M shares outstanding. Mutual fund holders own 61.69%, while other institutional holders and individual stakeholders account for 75.71% and 16.72% respectively.
It has a market capitalization of $136.53M and a beta (3y monthly) value of 1.76. The stock’s trailing 12-month PE ratio is 2.52, while the earnings-per-share (ttm) stands at $5.24. The company has a PEG of 0.10 and a Quick Ratio of 0.40 with the debt-to-equity ratio at 1.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.59% over the week and 3.25% over the month.
Analysts forecast that Lazydays Holdings Inc. (LAZY) will achieve an EPS of $0.73 for the current quarter, $0.47 for the next quarter and $2.02 for 2023. The lowest estimate earnings-per-share for the quarter is $0.55 while analysts give the company a high EPS estimate of $0.91. Comparatively, EPS for the current quarter was $1.42 a year ago. Earnings per share for the fiscal year are expected to increase by 364.70%, and -40.26% over the next financial year. EPS should shrink at an annualized rate of 25.00% over the next five years, compared to 84.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Lazydays Holdings Inc. (LAZY) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 1 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the LAZY, a number of firms have released research notes about the stock. Truist stated their Buy rating for the stock in a research note on May 03, 2021, with the firm’s price target at $26.