NASDAQ:GNLN - Greenlane Stock Price, News & Analysis

$6.42
+0.01 (+0.16 %)
(As of 08/20/2019 04:00 PM ET)
Today's Range
$6.21
Now: $6.42
$6.60
50-Day Range
$6.29
MA: $7.82
$8.99
52-Week Range
$6.20
Now: $6.42
$29.00
Volume204,600 shs
Average Volume347,307 shs
Market Capitalization$602.04 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

Miscellaneous

Employees249
Market Cap$602.04 million
Next Earnings DateN/A
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."

What price target have analysts set for GNLN?

5 equities research analysts have issued 12-month target prices for Greenlane's stock. Their predictions range from $21.00 to $23.00. On average, they anticipate Greenlane's stock price to reach $22.10 in the next twelve months. This suggests a possible upside of 244.2% 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. " (8/16/2019)
  • 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?

Press coverage about GNLN stock has been trending positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Greenlane earned a news sentiment score of 2.5 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the company's share price in the next several days. View News Stories for Greenlane.

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 KushCo (KSHB), Curaleaf (CURLF), Corbus Pharmaceuticals (CRBP), Aurora Cannabis (ACB), Medmen Enterprises (MMNFF), Zynerba Pharmaceuticals (ZYNE), iAnthus Capital (ITHUF), Altria Group (MO), Pfizer (PFE) and CV Sciences (CVSI).

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 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 does Greenlane's lock-up period expire?

Greenlane's lock-up period expires 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. After the expiration of Greenlane's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Who are Greenlane's major shareholders?

Greenlane's stock is owned by a number of of institutional and retail investors. Top institutional investors include Anson Funds Management LP (1.87%), TimesSquare Capital Management LLC (1.45%), Cowen Inc. (0.36%), Cowen Inc. (0.36%), BlackRock Inc. (0.30%) and Baker Avenue Asset Management LP (0.27%). Company insiders that own Greenlane stock include Aaron Locascio, Jacoby & Co Inc, Jay M Scheiner 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 Anson Funds Management LP, TimesSquare Capital Management LLC, Cowen Inc., Cowen Inc., BlackRock Inc., Baker Avenue Asset Management LP, Vanguard Group Inc. and Northern Trust Corp. 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, Scottrade, Fidelity and Charles Schwab.

What is Greenlane's stock price today?

One share of GNLN stock can currently be purchased for approximately $6.42.

How big of a company is Greenlane?

Greenlane has a market capitalization of $602.04 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:  3.2 out of 5 (star star star)
Outperform Votes:  28 (Vote Outperform)
Underperform Votes:  16 (Vote Underperform)
Total Votes:  44
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 8/20/2019 by MarketBeat.com Staff

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