AWM Investment Company Inc. Takes Position in GrowGeneration Corp. $GRWG

Key Points

• AWM Investment Company acquired 3.1 million GrowGeneration shares worth approximately $4.6 million, representing a 5.26% stake. Institutional investors collectively own 36.02% of GRWG.
• Analyst sentiment remains mixed: Alliance Global Partners upgraded the stock to “buy,” while the broader consensus is “hold” with a $2.50 average price target.
• GRWG opened at $1.71 and recently reported quarterly revenue of $43.22 million and an adjusted EPS loss of $0.03, slightly outperforming analyst expectations, though profitability metrics remain negative.

AWM Investment Company Inc. acquired a new stake in shares of GrowGeneration Corp. (NASDAQ:GRWG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,098,410 shares of the company's stock, valued at approximately $4,586,000. AWM Investment Company Inc. owned about 5.26% of GrowGeneration at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GRWG. Bank of America Corp DE increased its position in shares of GrowGeneration by 36.7% in the 4th quarter. Bank of America Corp DE now owns 60,104 shares of the company's stock valued at $102,000 after acquiring an additional 16,132 shares during the period. AQR Capital Management LLC purchased a new stake in GrowGeneration in the first quarter valued at approximately $27,000. XTX Topco Ltd acquired a new position in GrowGeneration in the 2nd quarter worth approximately $55,000. Jane Street Group LLC raised its position in GrowGeneration by 1,193.2% during the 2nd quarter. Jane Street Group LLC now owns 792,229 shares of the company's stock worth $741,000 after buying an additional 730,968 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in GrowGeneration during the 2nd quarter valued at approximately $26,000. 36.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on GRWG. Alliance Global Partners upgraded GrowGeneration from a "neutral" rating to a "buy" rating and set a $2.50 price objective on the stock in a research report on Wednesday, August 12th. Weiss Ratings raised shares of GrowGeneration from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $2.50.

GrowGeneration Stock Performance

GRWG stock opened at $1.71 on Wednesday. GrowGeneration Corp. has a one year low of $1.00 and a one year high of $2.40. The firm has a market cap of $100.75 million, a PE ratio of -6.33 and a beta of 2.51. The firm's 50 day moving average price is $1.52 and its 200-day moving average price is $1.37.

GrowGeneration (NASDAQ:GRWG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. GrowGeneration had a negative net margin of 10.07% and a negative return on equity of 17.44%. The firm had revenue of $43.22 million for the quarter, compared to analyst estimates of $42.75 million. Equities research analysts predict that GrowGeneration Corp. will post -0.19 EPS for the current fiscal year.

GrowGeneration Company Profile

GrowGeneration Corp. is the largest chain of specialty hydroponic and organic garden centers in the United States, serving commercial and home growers of all experience levels. The company offers a broad assortment of cultivation supplies, including high-efficiency LED lighting, climate control systems, irrigation and fertigation equipment, growing media and nutrients. Through its retail outlets and e-commerce platform, GrowGeneration caters to indoor and outdoor horticultural operations, with a particular focus on the rapidly expanding legal cannabis market.

In addition to its product offerings, GrowGeneration provides design, consulting and project management services for turnkey cultivation facilities.

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