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NASDAQ:GNLN

Greenlane Stock Forecast, Price & News

$1.23
+0.03 (+2.50%)
(As of 12/1/2021 09:58 AM ET)
Add
Compare
Today's Range
$1.21
$1.23
50-Day Range
$1.20
$2.62
52-Week Range
$1.12
$8.73
Volume
2,472 shs
Average Volume
979,916 shs
Market Capitalization
$125.79 million
P/E Ratio
N/A
Dividend Yield
N/A
Beta
2.18
30 days | 90 days | 365 days | Advanced Chart
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Greenlane logo

About Greenlane

Greenlane Holdings, Inc. distributes and supplies vaporization products and accessories for vape shops and dispensaries. The firm offers packaging, rolling papers, grinders, glass products, and smoking accessories. The company was founded by Aaron LoCascio and Adam Schoenfeld in 2005 and is headquartered in Boca Raton, FL.

Headlines

Greenlane Reports Record Q3 2021 Revenue of $41.3 Million
November 15, 2021 |  finance.yahoo.com
Greenlane (GNLN) Scheduled to Post Quarterly Earnings on Monday
November 8, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Industry
Durable goods, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:GNLN
Fax
N/A
Employees
264
Year Founded
N/A

Sales & Book Value

Annual Sales
$138.30 million
Book Value
$0.75 per share

Profitability

Net Income
$-14.52 million
Pretax Margin
-36.29%

Debt

Price-To-Earnings

Miscellaneous

Free Float
16,782,000
Market Cap
$125.79 million
Optionable
Not Optionable

Company Calendar

Last Earnings
11/15/2021
Today
12/01/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
3/30/2022

MarketRank

Overall MarketRank

2.18 out of 5 stars

Consumer Staples Sector

80th out of 183 stocks

Durable Goods, Not Elsewhere Classified Industry

1st out of 2 stocks

Analyst Opinion: 3.5Community Rank: 4.3Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -












Greenlane (NASDAQ:GNLN) Frequently Asked Questions

Is Greenlane a buy right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Greenlane in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Greenlane stock.
View analyst ratings for Greenlane
or view top-rated stocks.

How has Greenlane's stock price been impacted by Coronavirus (COVID-19)?

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. Since then, GNLN shares have decreased by 14.6% and is now trading at $1.23.
View which stocks have been most impacted by COVID-19
.

When is Greenlane's next earnings date?

Greenlane is scheduled to release its next quarterly earnings announcement on Wednesday, March 30th 2022.
View our earnings forecast for Greenlane
.

How were Greenlane's earnings last quarter?

Greenlane Holdings, Inc. (NASDAQ:GNLN) released its quarterly earnings data on Monday, November, 15th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.07) by $0.16. Greenlane had a negative net margin of 18.52% and a negative trailing twelve-month return on equity of 26.06%. During the same period last year, the business earned ($0.46) EPS.
View Greenlane's earnings history
.

What guidance has Greenlane issued on next quarter's earnings?

Greenlane issued an update on its third quarter 2021 earnings guidance on Thursday, November, 18th. The company provided EPS guidance of for the period. The company issued revenue guidance of $40 million-$41 million, compared to the consensus revenue estimate of $45.99 million.

What price target have analysts set for GNLN?

5 Wall Street analysts have issued 12-month price objectives for Greenlane's stock. Their forecasts range from $5.00 to $6.30. On average, they expect Greenlane's share price to reach $5.86 in the next twelve months. This suggests a possible upside of 376.4% from the stock's current price.
View analysts' price targets for Greenlane
or view top-rated stocks among Wall Street analysts.

Who are Greenlane's key executives?

Greenlane's management team includes the following people:

What is 's approval rating as Greenlane's CEO?

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.

What other stocks do shareholders of Greenlane own?

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), Supreme Cannabis (SPRWF), ADMA Biologics (ADMA), EnLink Midstream (ENLC), Gran Tierra Energy (GTE), MariMed (MRMD) and Novan (NOVN).

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 served as the underwriters for the IPO and Ladenburg Thalmann, Roth Capital Partners and Northland Securities were co-managers.

What is Greenlane's stock symbol?

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

Who are Greenlane's major shareholders?

Greenlane's stock is owned by a number of institutional and retail investors. Top institutional investors include Penserra Capital Management LLC (0.99%), BlackRock Inc. (0.78%), AdvisorShares Investments LLC (0.63%), Twin Focus Capital Partners LLC (0.57%), Marshall Wace LLP (0.47%) and Pura Vida Investments LLC (0.39%). Company insiders that own Greenlane stock include Aaron Locascio, Adam Schoenfeld, Pura Vida Investments, Llc and William E Mote Jr.
View institutional ownership trends for Greenlane
.

Which institutional investors are selling Greenlane stock?

GNLN stock was sold by a variety of institutional investors in the last quarter, including AdvisorShares Investments LLC, UBS Group AG, Pura Vida Investments LLC, and Penserra Capital Management LLC. Company insiders that have sold Greenlane company stock in the last year include Aaron Locascio, Adam Schoenfeld, and William E Mote Jr.
View insider buying and selling activity for Greenlane
or view top insider-selling stocks.

Which institutional investors are buying Greenlane stock?

GNLN stock was purchased by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Millennium Management LLC, Morgan Stanley, HighTower Advisors LLC, Formidable Asset Management LLC, Koshinski Asset Management Inc., Cubist Systematic Strategies LLC, and Citadel Advisors LLC.
View insider buying and selling activity for Greenlane
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Greenlane's stock price today?

One share of GNLN stock can currently be purchased for approximately $1.23.

How much money does Greenlane make?

Greenlane has a market capitalization of $125.79 million and generates $138.30 million in revenue each year. The company earns $-14.52 million in net income (profit) each year or ($1.11) on an earnings per share basis.

How many employees does Greenlane have?

Greenlane employs 264 workers across the globe.

What is Greenlane's official website?

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

Where are Greenlane's headquarters?

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].


This page was last updated on 12/1/2021 by MarketBeat.com Staff

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