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Greenlane Stock Price, Forecast & Analysis (NASDAQ:GNLN)

$3.54
-0.09 (-2.48 %)
(As of 11/19/2019 04:00 PM ET)
Today's Range
$3.51
Now: $3.54
$3.69
50-Day Range
$3.21
MA: $3.60
$4.30
52-Week Range
$3.10
Now: $3.54
$29.00
Volume92,200 shs
Average Volume302,362 shs
Market Capitalization$331.97 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$331.97 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) announced its quarterly earnings data on Friday, November, 8th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.06) by $0.58. The business earned $44.89 million during the quarter, compared to analyst estimates of $48.65 million. Greenlane had a negative return on equity of 66.55% and a negative net margin of 17.11%. The firm's quarterly revenue was up 3.1% on a year-over-year basis. 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 analysts have issued 1-year target prices for Greenlane's stock. Their forecasts range from $10.00 to $23.00. On average, they anticipate Greenlane's share price to reach $19.60 in the next twelve months. This suggests a possible upside of 453.7% 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.

What are Wall Street analysts saying about Greenlane stock?

Here are some recent quotes from research analysts about Greenlane stock:
  • 1. According to Zacks Investment Research, "Greenlane Holdings Inc. is a distributor of premium vaporization products and consumption accessories primarily in the United States and Canada. Its customers include smoke shops and regional retail chain stores as well as licensed cannabis cultivators, processors and dispensaries. The company owns and operates direct-to-consumer e-commerce websites in the vaporization products and consumption accessories industry, VaporNation.com and VapeWorld.com. Greenlane Holdings Inc. is based in Boca Raton, United States. " (11/15/2019)
  • 2. Northland Securities analysts commented, "We are initiating coverage on Greenlane Holdings, Inc. (Nasdaq: Outperform rating and $22 price target. We believe Greenlane is well positioned to benefit from a continued shift to non-combustion nicotine consumption along with growing CBD and legal cannabis markets. GNLN has a strong position in this distribution network as a partner with well known vaporizer companies, as well as many other products and accessories, and a growing share of internally developed brands." (5/13/2019)

Has Greenlane been receiving favorable news coverage?

Media coverage about GNLN stock has been trending extremely negative on Tuesday, InfoTrie Sentiment reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog 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 news sentiment score of -4.2 on InfoTrie's scale. They also gave news articles about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for Greenlane.

Are investors shorting Greenlane?

Greenlane saw a increase in short interest in October. As of October 31st, there was short interest totalling 1,740,000 shares, an increase of 5.5% from the September 30th total of 1,650,000 shares. Based on an average daily volume of 246,900 shares, the days-to-cover ratio is currently 7.0 days. Approximately 18.8% of the shares of the company are sold short. View Greenlane's Current Options Chain.

Who are some of Greenlane's key competitors?

What other stocks do shareholders of Greenlane own?

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 IPO on Thursday, April 18th 2019. The company issued 5,300,000 shares at a price of $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.

When did Greenlane's lock-up period expire?

Greenlane's lock-up period expired on Tuesday, October 15th. Greenlane had issued 6,000,000 shares in its initial public offering on April 18th. The total size of the offering was $102,000,000 based on an initial share price of $17.00. Shares of the company owned by major shareholders and company insiders are now eligible to be traded as a result of the end of the lock-up period.

Who are Greenlane's major shareholders?

Greenlane's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include TimesSquare Capital Management LLC (1.42%), FNY Investment Advisers LLC (0.31%), Tower Research Capital LLC TRC (0.02%) and SG Americas Securities LLC (0.01%). 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 major investors are selling Greenlane stock?

GNLN stock was sold by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC. Company insiders that have sold Greenlane company stock in the last year include Aaron Locascio, Jacoby & Co Inc, Jay M Scheiner and Sasha Kadey. View Insider Buying and Selling for Greenlane.

Which major investors are buying Greenlane stock?

GNLN stock was purchased by a variety of institutional investors in the last quarter, including FNY Investment Advisers LLC, Tower Research Capital LLC TRC and SG Americas Securities 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 $3.54.

How big of a company is Greenlane?

Greenlane has a market capitalization of $331.97 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:  2.7 out of 5 (star star)
Outperform Votes:  44 (Vote Outperform)
Underperform Votes:  38 (Vote Underperform)
Total Votes:  82
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 11/19/2019 by MarketBeat.com Staff

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