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Lazydays (NASDAQ:GORV) Shares Gap Down - Should You Sell?

Lazydays logo with Consumer Discretionary background

Lazydays Holdings, Inc. (NASDAQ:GORV - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $7.18, but opened at $6.49. Lazydays shares last traded at $7.40, with a volume of 62,807 shares changing hands.

Lazydays Stock Performance

The company has a current ratio of 0.89, a quick ratio of 0.25 and a debt-to-equity ratio of 1.18. The company's 50-day moving average price is $6.86 and its two-hundred day moving average price is $14.05. The company has a market cap of $844.82 million, a P/E ratio of -1.08 and a beta of 1.58.

Lazydays (NASDAQ:GORV - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($2.70) earnings per share for the quarter. Lazydays had a negative net margin of 21.54% and a negative return on equity of 118.18%.

Institutional Trading of Lazydays

A number of hedge funds have recently bought and sold shares of GORV. Squarepoint Ops LLC purchased a new stake in shares of Lazydays in the fourth quarter worth approximately $31,000. Goldman Sachs Group Inc. lifted its position in shares of Lazydays by 2,077.6% in the first quarter. Goldman Sachs Group Inc. now owns 275,295 shares of the company's stock worth $89,000 after purchasing an additional 262,653 shares in the last quarter. Geode Capital Management LLC raised its position in Lazydays by 18.3% during the fourth quarter. Geode Capital Management LLC now owns 159,901 shares of the company's stock valued at $153,000 after acquiring an additional 24,785 shares in the last quarter. Cannell Capital LLC raised its position in Lazydays by 17.5% during the fourth quarter. Cannell Capital LLC now owns 1,219,062 shares of the company's stock valued at $1,164,000 after acquiring an additional 181,280 shares in the last quarter. Finally, Park West Asset Management LLC bought a new position in Lazydays during the fourth quarter valued at approximately $10,382,000. 89.67% of the stock is owned by hedge funds and other institutional investors.

About Lazydays

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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