The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Lazydays Holdings Inc. shares valued at $233,940 were purchased by B. Riley Financial, Inc. on Jun 22. At $12.30 per share, B. Riley Financial, Inc. acquired 19,024 shares. The insider’s holdings grew to 151,919 shares worth approximately $1.88 million following the completion of this transaction.
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Also, B. Riley Financial, Inc. purchased 20,000 shares, netting a total of over 253,110 in proceeds. Following the buying of shares at $12.66 each, the insider now holds 132,895 shares.
Before that, B. Riley Financial, Inc. had added 15,768 shares to its account. In a trade valued at $200,758, the 10% Owner bought Lazydays Holdings Inc. shares for $12.73 each. Upon closing the transaction, the insider’s holdings increased to 15,768 shares, worth approximately $1.4 million.
As published in their initiating research note from Truist on May 03, 2021, Lazydays Holdings Inc. [LAZY] has been a Buy and the price target has been revised to $26. This represents a 52.31% premium over Wednesday’s closing price.
Analyzing LAZY’s Price Performance
On Wednesday, Lazydays Holdings Inc. [NASDAQ: LAZY] plunged -1.51% to $12.40. The stock’s lowest price that day was $12.19, but it reached a high of $12.66 in the same session. During the last five days, there has been a drop of approximately -7.05%. Over the course of the year, Lazydays Holdings Inc. shares have dropped approximately -42.43%. Shares of the company reached a 52-week high of $22.48 on 03/11/22 and a 52-week low of $12.19 on 06/22/22. A 50-day SMA is recorded $17.18, while a 200-day SMA reached $19.25. Nevertheless, trading volume fell to 0.19 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for Lazydays Holdings Inc. (LAZY)
According to the 24-hour chart, there is a support level at 12.17, which, if violated, would cause prices to drop to 11.95. In the upper region, resistance lies at 12.64. The next price resistance is at 12.89. RSI (Relative Strength Index) is 29.73 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.72, which suggests the price will decrease in the coming days. Percent R is at 96.12%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Lazydays Holdings Inc. subject to short interest?
Stocks of Lazydays Holdings Inc. saw a sharp steep in short interest on Apr 28, 2022 dropping by 30.0 shares to 0.91 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 0.91 million shares. A decline of -0.0% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 8.44 of the overall float, the days-to-cover ratio (short ratio) decline to 8.44.
Which companies own the most shares of Lazydays Holdings Inc. (LAZY)?
According to B. Riley Capital Management LLC filings, the company currently owns 1,589,013 shares, which is about 11.45% of the total LAZY shares outstanding. The investor’s shares have appreciated by 514,737 from its previous 13-F filing of 1074276.0 shares. With the completion of the buy, Coliseum Capital Management LLC’s stake is now worth $18,248,853. Kanen Wealth Management LLC reduced a 0.00% interest valued at $12.26 million while New Jersey Division of Investment sold a 0 stake. A total of -45,068 shares of Lazydays Holdings Inc. were sold by Royce & Associates LP during the quarter, and 182,787 were bought by Bridgeway Capital Management LLC. In its current portfolio, The Vanguard Group, Inc. holds 486,939 shares valued at $7.56 million.
In terms of Lazydays Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $20.50 in the next 12 months, up nearly 62.83% from the previous closing price of $12.59. Analysts anticipate Lazydays Holdings Inc. stock to reach $25.00 by 2022, with the lowest price target being $16.00. In spite of this, 2 analysts ranked Lazydays Holdings Inc. stock as an Overweight at the end of 2022.