Greenlane Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Greenlane in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Greenlane stock.
View analyst ratings for Greenlane or view top-rated stocks.

Wall Street analysts have given Greenlane a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Greenlane wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Greenlane saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 853,900 shares, a drop of 25.7% from the February 28th total of 1,150,000 shares. Based on an average daily volume of 670,900 shares, the days-to-cover ratio is currently 1.3 days.
View Greenlane's Short Interest.

Greenlane is scheduled to release its next quarterly earnings announcement on Thursday, June 3rd 2021.
View our earnings forecast for Greenlane.

Greenlane Holdings, Inc. (NASDAQ:GNLN) announced its quarterly earnings data on Tuesday, March, 30th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.12. The business earned $36.27 million during the quarter, compared to analysts' expectations of $36.63 million. Greenlane had a negative net margin of 9.97% and a negative trailing twelve-month return on equity of 17.49%.
View Greenlane's earnings history.

Greenlane's stock was trading at $1.44 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, GNLN shares have increased by 272.9% and is now trading at $5.37.
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3 brokerages have issued twelve-month price targets for Greenlane's stock. Their forecasts range from $5.00 to $8.00. On average, they expect Greenlane's share price to reach $6.33 in the next year. This suggests a possible upside of 17.9% from the stock's current price.
View analysts' price targets for Greenlane or view top-rated stocks among Wall Street analysts.

2 employees have rated Greenlane CEO on Glassdoor.com. has an approval rating of 100% among Greenlane's employees. This puts in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Greenlane include United Natural Foods (UNFI), Edgewell Personal Care (EPC), B&G Foods (BGS), Hostess Brands (TWNK), SunOpta (STKL), Schweitzer-Mauduit International (SWM), Tattooed Chef (TTCF), Franchise Group (FRG), e.l.f. Beauty (ELF), DAIRY CREST GRP/ADR (DRCSY), Universal (UVV), Mission Produce (AVO), Calavo Growers (CVGW), Tupperware Brands (TUP) and Fresh Del Monte Produce (FDP).
View all of GNLN's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Greenlane investors own include KushCo (KSHB), OrganiGram (OGI), Enerplus (ERF), Matinas BioPharma (MTNB), The Supreme Cannabis (SPRWF), ADMA Biologics (ADMA), EnLink Midstream (ENLC), Gran Tierra Energy (GTE), MariMed (MRMD) and Novan (NOVN).

(GNLN) raised $80 million in an IPO 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.

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

Greenlane's stock is owned by a number of institutional and retail investors. Top institutional investors include FNY Investment Advisers LLC (0.01%). Company insiders that own Greenlane stock include Aaron Locascio, Adam Schoenfeld, Jacoby & Co Inc, Jay M Scheiner, Pura Vida Investments, Llc, Richard Taney and Sasha Kadey.
View institutional ownership trends for Greenlane.

GNLN stock was sold by a variety of institutional investors in the last quarter, including FNY Investment Advisers LLC. Company insiders that have sold Greenlane company stock in the last year include Aaron Locascio, and Adam Schoenfeld.
View insider buying and selling activity for Greenlane or view top insider-selling stocks.

Shares of GNLN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GNLN stock can currently be purchased for approximately $5.37.

Greenlane has a market capitalization of $500.23 million and generates $185.01 million in revenue each year. The company earns $-28,820,000.00 in net income (profit) each year or $0.36 on an earnings per share basis.

Greenlane employs 350 workers across the globe.

The official website for Greenlane is www.gnln.com.

Greenlane is headquartered at 1095 BROKEN SOUND PARKWAY SUITE 300, BOCA RATON FL, 33487.

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]