GrowGeneration Corp. (NASDAQ:GRWG - Get Free Report)'s stock price shot up 1.3% on Friday . The company traded as high as $1.04 and last traded at $1.01. 253,790 shares traded hands during trading, a decline of 59% from the average session volume of 620,604 shares. The stock had previously closed at $1.00.
Analyst Ratings Changes
Separately, Lake Street Capital cut their price objective on GrowGeneration from $4.00 to $2.50 and set a "buy" rating for the company in a research report on Friday, May 9th.
Check Out Our Latest Report on GRWG
GrowGeneration Trading Up 3.2%
The business's 50 day simple moving average is $1.11 and its 200 day simple moving average is $1.22. The firm has a market capitalization of $61.29 million, a PE ratio of -1.23 and a beta of 3.32.
GrowGeneration (NASDAQ:GRWG - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02). The company had revenue of $35.70 million for the quarter, compared to the consensus estimate of $39.63 million. GrowGeneration had a negative return on equity of 32.51% and a negative net margin of 28.33%. Analysts forecast that GrowGeneration Corp. will post -0.58 earnings per share for the current year.
Institutional Trading of GrowGeneration
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRWG. Voya Investment Management LLC lifted its stake in shares of GrowGeneration by 43.2% during the 1st quarter. Voya Investment Management LLC now owns 1,349,529 shares of the company's stock worth $1,457,000 after acquiring an additional 407,202 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of GrowGeneration during the first quarter worth $27,000. AWM Investment Company Inc. boosted its stake in shares of GrowGeneration by 95.1% during 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 period. Nuveen LLC bought a new position in shares of GrowGeneration in the first quarter worth about $197,000. Finally, Monaco Asset Management SAM lifted its holdings in GrowGeneration by 18.5% during the 1st quarter. Monaco Asset Management SAM now owns 548,721 shares of the company's stock valued at $593,000 after buying an additional 85,675 shares in the last quarter. 36.02% of the stock is owned by hedge funds and other institutional investors.
About GrowGeneration
(
Get Free Report)
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.
Recommended Stories
Before you consider GrowGeneration, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GrowGeneration wasn't on the list.
While GrowGeneration currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.