Voya Investment Management LLC Grows Position in GrowGeneration Corp. $GRWG

Key Points

• Voya Investment Management LLC increased its stake in GrowGeneration Corp by 43.2%, owning about 2.27% of the company, valued at $1.45 million.
• Multiple large institutional investors have significantly increased their holdings in GrowGeneration, highlighting growing interest in the company.
• Analysts have upgraded GrowGeneration's rating from "strong sell" to "hold," and the stock currently has a consensus target price of $2.50.

Voya Investment Management LLC raised its position in GrowGeneration Corp. (NASDAQ:GRWG - Free Report) by 43.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,349,529 shares of the company's stock after purchasing an additional 407,202 shares during the period. Voya Investment Management LLC owned about 2.27% of GrowGeneration worth $1,457,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GRWG. Bank of America Corp DE grew its holdings in GrowGeneration by 36.7% in 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 during the last quarter. Deutsche Bank AG grew its holdings in GrowGeneration by 449.9% in 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 during the last quarter. Monaco Asset Management SAM grew its holdings in GrowGeneration by 18.5% in the first quarter. Monaco Asset Management SAM now owns 548,721 shares of the company's stock valued at $593,000 after purchasing an additional 85,675 shares during the last quarter. Nuveen LLC acquired a new stake in GrowGeneration in the first quarter valued at $197,000. Finally, AWM Investment Company Inc. grew its holdings in GrowGeneration by 95.1% in the first quarter. AWM Investment Company Inc. now owns 3,281,729 shares of the company's stock valued at $3,544,000 after purchasing an additional 1,600,000 shares during the last quarter. Institutional investors and hedge funds own 36.02% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised GrowGeneration from a "strong sell" rating to a "hold" rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, GrowGeneration currently has a consensus rating of "Buy" and a consensus target price of $2.50.

GrowGeneration Price Performance

NASDAQ GRWG opened at $1.66 on Tuesday. The firm has a market capitalization of $99.22 million, a P/E ratio of -2.02 and a beta of 3.00. GrowGeneration Corp. has a 1-year low of $0.82 and a 1-year high of $2.25. The business's 50-day simple moving average is $1.39 and its 200-day simple moving average is $1.18.

GrowGeneration (NASDAQ:GRWG - Get Free Report) last released its quarterly earnings data 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 business had revenue of $40.96 million for the quarter, compared to analyst estimates of $40.96 million. GrowGeneration had a negative return on equity of 34.92% and a negative net margin of 29.84%. GrowGeneration has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that GrowGeneration Corp. will post -0.58 EPS for the current fiscal year.

About GrowGeneration

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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