Market News

Significant Insider Trading at Lazydays Holdings (NASDAQ:LAZY)

Story Highlights

Coliseum Capital Management, LLC, made a huge insider buy transaction on LAZY stock yesterday worth $24.24 million. Meanwhile, another major owner, B. Riley Financial, sold shares worth $24.14 million.

One of the major owners at Lazydays Holdings (NASDAQ:LAZY) engaged in a huge insider buy transaction yesterday. The private investment firm, Coliseum Capital Management, LLC, bought 1,707,769 shares of the stock at an average price of $14.20 per share, worth $24.24 million.

Lazydays Holdings operates recreation vehicle (RV) dealerships. It provides RV sales, repair and services, financing and insurance, and RV camping facilities to RV owners.

With the recent Buys, the firm now owns 27.56% (2.9 million shares) of the total LAZY shares outstanding, with a value of $39.93 million.

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On the contrary, another major owner, B. Riley Financial sold 1.7 million shares of LAZY stock at an average price of $14.20 per share, worth $24.14 million, yesterday.

Overall, TipRanks’ Insider Trading Tool shows Insiders at LAZY are clearly optimistic about the stock’s near-term prospects and have bought LAZY stock worth $3.1 million in the last three months.

The tool also shows that the Insider Confidence Signal is currently Very Positive for LAZY, with corporate insiders buying LAZY stock recently.

Interestingly, TipRanks also provides a list of hot stocks that boast either a Very Positive or Positive insider confidence signal.

Is Lazydays Holdings a Buy?

The Lazydays Holdings stock has received a rating from only one analyst in the past three months. Truist Financial analyst Michael Swartz has a Hold rating on the stock with a price target of $13 (10.2% downside potential).

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