GrowGeneration (NASDAQ:GRWG) Raised to "Hold" at Wall Street Zen

Key Points

• GrowGeneration has been upgraded from a "strong sell" to a "hold" rating by investment analysts at Wall Street Zen.
• Lake Street Capital has lowered their target price for GrowGeneration from $4.00 to $2.50 while maintaining a "buy" rating.
• The company reported earnings of ($0.08) per share for the last quarter, surpassing estimates of ($0.11) by $0.03, with a revenue of $40.96 million.

GrowGeneration (NASDAQ:GRWG - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Separately, Lake Street Capital dropped their price target on shares of GrowGeneration from $4.00 to $2.50 and set a "buy" rating on the stock in a research report on Friday, May 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $2.50.

GrowGeneration Stock Performance

Shares of GrowGeneration stock traded up $0.03 during midday trading on Friday, hitting $1.56. 586,719 shares of the company traded hands, compared to its average volume of 833,170. The stock has a market cap of $93.24 million, a price-to-earnings ratio of -1.90 and a beta of 3.29. The firm's fifty day moving average price is $1.12 and its 200-day moving average price is $1.13. GrowGeneration has a 12 month low of $0.8211 and a 12 month high of $2.3265.

GrowGeneration (NASDAQ:GRWG - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.03. The company had revenue of $40.96 million for the quarter, compared to analyst estimates 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. Equities research analysts forecast that GrowGeneration will post -0.58 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of GrowGeneration by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,368,953 shares of the company's stock worth $2,314,000 after acquiring an additional 17,254 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of GrowGeneration during the fourth quarter worth about $431,000. Barclays PLC raised its holdings in shares of GrowGeneration by 12.0% in 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 during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of GrowGeneration by 13.5% in 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 during the last quarter. Finally, Two Sigma Securities LLC raised its holdings in shares of GrowGeneration by 158.6% in the fourth quarter. Two Sigma Securities LLC now owns 32,594 shares of the company's stock valued at $55,000 after purchasing an additional 19,992 shares during the last quarter. Institutional investors and hedge funds own 36.02% of the company's stock.

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.