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NASDAQ:GNLNGreenlane Stock Price, Forecast & News

$3.44
+0.61 (+21.55 %)
(As of 05/26/2020 04:00 PM ET)
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Today's Range
$2.95
Now: $3.44
$3.67
50-Day Range
$1.56
MA: $2.41
$3.29
52-Week Range
$1.02
Now: $3.44
$15.98
Volume981,276 shs
Average Volume206,434 shs
Market Capitalization$323.19 million
P/E Ratio9.56
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.58 out of 5 stars


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$185.01 million
Book Value$1.22 per share

Profitability

Net Income$-28,820,000.00

Miscellaneous

Employees249
Market Cap$323.19 million
Next Earnings Date6/29/2020 (Estimated)
OptionableNot Optionable

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Greenlane (NASDAQ:GNLN) Frequently Asked Questions

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

Greenlane's stock was trading at $1.44 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GNLN shares have increased by 138.9% and is now trading at $3.44. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Greenlane?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Greenlane in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Greenlane.

When is Greenlane's next earnings date?

Greenlane is scheduled to release its next quarterly earnings announcement on Monday, June 29th 2020. View our earnings forecast for Greenlane.

How were Greenlane's earnings last quarter?

Greenlane Holdings (NASDAQ:GNLN) announced its quarterly earnings results on Monday, March, 30th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.67. The business earned $37.24 million during the quarter, compared to the consensus estimate of $38.88 million. Greenlane had a negative return on equity of 31.76% and a negative net margin of 14.73%. View Greenlane's earnings history.

What price target have analysts set for GNLN?

2 analysts have issued 12 month price objectives for Greenlane's shares. Their forecasts range from $4.00 to $4.00. On average, they anticipate Greenlane's stock price to reach $4.00 in the next twelve months. This suggests a possible upside of 16.3% from the stock's current price. View analysts' price targets for Greenlane.

Has Greenlane been receiving favorable news coverage?

Media headlines about GNLN stock have been trending positive this week, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Greenlane earned a news sentiment score of 2.7 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an effect on the company's share price in the next few days. View the latest news aboutGreenlane.

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 Ovid Therapeutics (OVID), Curaleaf (CURLF), Enphase Energy (ENPH), KushCo (KSHB), Aurora Cannabis (ACB), Inovio Pharmaceuticals (INO), Roku (ROKU), Walt Disney (DIS), Trulieve Cannabis (TCNNF) and Energy Transfer LP Unit (ET).

Who are Greenlane's key executives?

Greenlane's management team includes the following 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.

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 many different institutional and retail investors. Top institutional investors include UBS Group AG (0.72%), BlackRock Inc. (0.58%), FNY Investment Advisers LLC (0.55%), Healthcare Value Capital LLC (0.24%), AdvisorShares Investments LLC (0.20%) and State Street Corp (0.14%). 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 selling Greenlane stock?

GNLN stock was sold by a variety of institutional investors in the last quarter, including Squarepoint Ops LLC, and UBS Group AG. View insider buying and selling activity 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, State Street Corp, Healthcare Value Capital LLC, BlackRock Inc., Nuveen Asset Management LLC, and AdvisorShares Investments 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 activity 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 $3.44.

How big of a company is Greenlane?

Greenlane has a market capitalization of $323.19 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 249 workers across the globe.

What is Greenlane's official website?

The official website for Greenlane is 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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff

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