Nuveen LLC Invests $197,000 in GrowGeneration Corp. $GRWG

Key Points

• Nuveen LLC has invested approximately $197,000 in GrowGeneration Corp., acquiring 182,379 shares, which represents 0.31% of the company.
• Several institutions, including Deutsche Bank and Bank of America, have significantly increased their stakes in GrowGeneration during the last quarters, indicating increased institutional interest.
• Wall Street analysts have upgraded GrowGeneration's stock rating from "strong sell" to "hold," with an average price target of $2.50 and a consensus rating of "Buy."

Nuveen LLC bought a new position in shares of GrowGeneration Corp. (NASDAQ:GRWG - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 182,379 shares of the company's stock, valued at approximately $197,000. Nuveen LLC owned 0.31% of GrowGeneration as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Monaco Asset Management SAM increased its position in shares of GrowGeneration by 18.5% during the first quarter. Monaco Asset Management SAM now owns 548,721 shares of the company's stock worth $593,000 after acquiring an additional 85,675 shares during the period. Deutsche Bank AG boosted its stake in shares of GrowGeneration by 449.9% during the fourth quarter. Deutsche Bank AG now owns 127,091 shares of the company's stock valued at $215,000 after purchasing an additional 103,981 shares in the last quarter. Barclays PLC boosted its stake in shares of GrowGeneration by 12.0% during the fourth quarter. Barclays PLC now owns 84,528 shares of the company's stock valued at $143,000 after purchasing an additional 9,076 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of GrowGeneration by 13.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 80,998 shares of the company's stock valued at $137,000 after purchasing an additional 9,613 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of GrowGeneration by 36.7% during the fourth quarter. Bank of America Corp DE now owns 60,104 shares of the company's stock valued at $102,000 after purchasing an additional 16,132 shares in the last quarter. 36.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of GrowGeneration from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $2.50.

GrowGeneration Stock Performance

NASDAQ GRWG opened at $1.51 on Friday. The firm's 50 day moving average price is $1.26 and its 200-day moving average price is $1.15. GrowGeneration Corp. has a 52-week low of $0.82 and a 52-week high of $2.27. The company has a market cap of $90.25 million, a PE ratio of -1.84 and a beta of 3.00.

GrowGeneration (NASDAQ:GRWG - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.03. The company had revenue of $40.96 million during the quarter, compared to the consensus estimate of $40.96 million. GrowGeneration had a negative net margin of 29.84% and a negative return on equity of 34.92%. GrowGeneration has set its Q3 2025 guidance at EPS. On average, analysts forecast that GrowGeneration Corp. will post -0.58 earnings per share for the current fiscal year.

GrowGeneration Company Profile

GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. The company engages in the marketing and distribution of nutrients, additives, growing media, lighting, and environmental control systems, as well as other indoor and outdoor growing products.

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