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NASDAQ:GNLN - Greenlane Stock Price, Forecast & News

$2.91
-0.20 (-6.43 %)
(As of 01/21/2020 04:00 PM ET)
Today's Range
$2.84
Now: $2.91
$3.29
50-Day Range
$2.61
MA: $2.97
$3.42
52-Week Range
$2.35
Now: $2.91
$29.00
Volume297,223 shs
Average Volume199,648 shs
Market Capitalization$272.89 million
P/E RatioN/A
Dividend YieldN/A
BetaN/A
Greenlane Holdings, Inc. distribute consumption accessories and vaporization products to wholesale and retail customers in the United States and Canada. The company offers vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers, and customized lines of specialty packaging. It also operates e-commerce Websites, such as VaporNation.com and VapeWorld.com. The company was founded in 2005 and is headquartered in Boca Raton, Florida.

Industry, Sector and Symbol

Industry Durable goods, not elsewhere classified
Sub-IndustryN/A
SectorConsumer Staples
Current SymbolNASDAQ:GNLN
CUSIPN/A
CIKN/A
Phone877-292-7660

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$178.93 million

Profitability

Net Income$-5,890,000.00

Miscellaneous

Employees249
Market Cap$272.89 million
Next Earnings Date2/14/2020 (Estimated)
OptionableNot Optionable

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Greenlane (NASDAQ:GNLN) Frequently Asked Questions

What is Greenlane's stock symbol?

Greenlane trades on the NASDAQ under the ticker symbol "GNLN."

How were Greenlane's earnings last quarter?

Greenlane Holdings (NASDAQ:GNLN) posted its quarterly earnings results on Friday, November, 8th. The company reported ($0.64) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.06) by $0.58. The company earned $44.89 million during the quarter, compared to analyst estimates of $48.65 million. Greenlane had a negative return on equity of 60.54% and a negative net margin of 16.40%. The firm's revenue was up 3.1% compared to the same quarter last year. View Greenlane's Earnings History.

When is Greenlane's next earnings date?

Greenlane is scheduled to release their next quarterly earnings announcement on Friday, February 14th 2020. View Earnings Estimates for Greenlane.

What price target have analysts set for GNLN?

5 brokers have issued twelve-month price objectives for Greenlane's shares. Their forecasts range from $10.00 to $23.00. On average, they anticipate Greenlane's stock price to reach $19.60 in the next twelve months. This suggests a possible upside of 573.5% from the stock's current price. View Analyst Price Targets for Greenlane.

What is the consensus analysts' recommendation for Greenlane?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Greenlane in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Greenlane.

Has Greenlane been receiving favorable news coverage?

News articles about GNLN stock have been trending positive recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Greenlane earned a daily sentiment score of 2.2 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Greenlane.

Are investors shorting Greenlane?

Greenlane saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,010,000 shares, an increase of 16.6% from the December 15th total of 866,500 shares. Based on an average daily trading volume, of 227,900 shares, the days-to-cover ratio is currently 4.4 days. Approximately 11.0% of the shares of the stock are short sold. View Greenlane's Current Options Chain.

Who are some of Greenlane's key competitors?

What other stocks do shareholders of Greenlane own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Greenlane investors own include Curaleaf (CURLF), KushCo (KSHB), Corbus Pharmaceuticals (CRBP), Cronos Group (CRON), Opko Health (OPK), vTv Therapeutics (VTVT), Aurora Cannabis (ACB), Altria Group (MO), Zynerba Pharmaceuticals (ZYNE) and Canopy Growth (CGC).

Who are Greenlane's key executives?

Greenlane's management team includes the folowing people:
  • Mr. Aaron LoCascio, Chairman & CEO (Age 33)
  • Mr. Adam Schoenfeld, Pres, Chief Strategy Officer & Director (Age 34)
  • Mr. Ethan Rudin, Chief Financial Officer (Age 44)

When did Greenlane IPO?

(GNLN) raised $80 million in an initial public offering on Thursday, April 18th 2019. The company issued 5,300,000 shares at $14.00-$16.00 per share. Cowen and Company and Canaccord Genuity acted as the underwriters for the IPO and Ladenburg Thalmann, Roth Capital Partners and Northland Securities were co-managers.

Who are Greenlane's major shareholders?

Greenlane's stock is owned by many different of institutional and retail investors. Top institutional shareholders include FNY Investment Advisers LLC (0.33%). Company insiders that own Greenlane stock include Aaron Locascio, Jacoby & Co Inc, Jay M Scheiner, Pura Vida Investments, Llc, Richard Taney and Sasha Kadey. View Institutional Ownership Trends for Greenlane.

Which institutional investors are buying Greenlane stock?

GNLN stock was bought by a variety of institutional investors in the last quarter, including FNY Investment Advisers LLC. Company insiders that have bought Greenlane stock in the last two years include Aaron Locascio, Pura Vida Investments, Llc and Richard Taney. View Insider Buying and Selling for Greenlane.

How do I buy shares of Greenlane?

Shares of GNLN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Greenlane's stock price today?

One share of GNLN stock can currently be purchased for approximately $2.91.

How big of a company is Greenlane?

Greenlane has a market capitalization of $272.89 million and generates $178.93 million in revenue each year. Greenlane employs 249 workers across the globe.View Additional Information About Greenlane.

What is Greenlane's official website?

The official website for Greenlane is http://www.gnln.com/.

How can I contact Greenlane?

Greenlane's mailing address is 1095 BROKEN SOUND PARKWAY SUITE 300, BOCA RATON FL, 33487. The company can be reached via phone at 877-292-7660 or via email at [email protected]


MarketBeat Community Rating for Greenlane (NASDAQ GNLN)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  53 (Vote Outperform)
Underperform Votes:  50 (Vote Underperform)
Total Votes:  103
MarketBeat's community ratings are surveys of what our community members think about Greenlane and other stocks. Vote "Outperform" if you believe GNLN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GNLN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/21/2020 by MarketBeat.com Staff

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