NASDAQ:GNLN Greenlane Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Greenlane Holdings Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $2.04 -0.06 (-2.86 %) (As of 09/25/2020 01:34 PM ET) Add Compare Share Today's Range$2.02Now: $2.04▼$2.0850-Day Range$1.99MA: $2.76▼$3.8652-Week Range$1.02Now: $2.04▼$4.49Volume876 shsAverage Volume185,526 shsMarket Capitalization$191.12 millionP/E RatioN/ADividend YieldN/ABeta2.08 ProfileAnalyst RatingsChartCompetitorsEarningsInsider TradesInstitutional OwnershipHeadlinesShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.5 Analyst's Opinion Consensus RatingGreenlane has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $4.33, Greenlane has a forecasted upside of 114.5% from its current price of $2.02.Amount of Analyst CoverageGreenlane has only been the subject of 2 research reports in the past 90 days. Previous Next 2.5 Community Rank Outperform VotesGreenlane has received 74 “outperform” votes. (Add your “outperform” vote.)Underperform VotesGreenlane has received 73 “underperform” votes. (Add your “underperform” vote.)Community SentimentGreenlane has received 50.34% “outperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldGreenlane does not currently pay a dividend.Dividend GrowthGreenlane does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Greenlane insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $518,673.00 in company stock.Percentage Held by Insiders83.59% of the stock of Greenlane is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 4.73% of the stock of Greenlane is held by institutions. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Greenlane are expected to grow in the coming year, from ($0.48) to ($0.14) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Greenlane is -1.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Greenlane is -1.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioGreenlane has a P/B Ratio of 1.66. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.5Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.53 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Durable goods, not elsewhere classified Sub-IndustryN/A SectorConsumer Staples Current SymbolNASDAQ:GNLN Previous Symbol CUSIPN/A CIKN/A Webwww.gnln.com Phone877-292-7660Debt Debt-to-Equity Ratio0.12 Current Ratio4.42 Quick Ratio2.72Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$185.01 million Price / Sales1.03 Cash FlowN/A Price / Cash FlowN/A Book Value$1.22 per share Price / Book1.67Profitability EPS (Most Recent Fiscal Year)$0.36 Net Income$-28,820,000.00 Net Margins-10.64% Return on Equity-16.22% Return on Assets-12.14%Miscellaneous Employees249 Outstanding Shares93,685,000Market Cap$191.12 million Next Earnings Date11/13/2020 (Estimated) OptionableNot Optionable $2.04 -0.06 (-2.86 %) (As of 09/25/2020 01:34 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive GNLN News and Ratings via Email Sign-up to receive the latest news and ratings for GNLN and its competitors with MarketBeat's FREE daily newsletter. Greenlane (NASDAQ:GNLN) Frequently Asked Questions How has Greenlane's stock been impacted by COVID-19? Greenlane's stock was trading at $1.44 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, GNLN shares have increased by 41.7% and is now trading at $2.04. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Greenlane? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Greenlane in the last year. There are currently 3 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 Friday, November 13th 2020. View our earnings forecast for Greenlane. How were Greenlane's earnings last quarter? Greenlane Holdings (NASDAQ:GNLN) announced its earnings results on Friday, August, 7th. The company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.09) by $0.07. The company earned $32.40 million during the quarter, compared to the consensus estimate of $32.40 million. Greenlane had a negative net margin of 10.64% and a negative return on equity of 16.22%. View Greenlane's earnings history. What guidance has Greenlane issued on next quarter's earnings? Greenlane updated its second quarter 2020 IntraDay earnings guidance on Thursday, July, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $32.4-32.4 million, compared to the consensus revenue estimate of $28.53 million. What price target have analysts set for GNLN? 3 brokers have issued 12 month price targets for Greenlane's shares. Their forecasts range from $4.00 to $5.00. On average, they expect Greenlane's stock price to reach $4.33 in the next twelve months. This suggests a possible upside of 112.4% from the stock's current price. View analysts' price targets for Greenlane. Who are some of Greenlane's key competitors? Some companies that are related to Greenlane include Greencore Group (GNCGY), Scholastic (SCHL), Luckin Coffee (LKNCY), Matthews International (MATW), MGP Ingredients (MGPI), SunOpta (STKL), Meredith (MDP), Adecoagro (AGRO), Turning Point Brands (TPB), Chefs' Warehouse (CHEF), Carriage Services (CSV), Revlon (REV), Daily Journal (DJCO), Cadiz (CDZI) and Craft Brew Alliance (BREW). View all 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), OrganiGram (OGI), Supreme Cannabis (SPRWF), Enerplus (ERF), Matinas BioPharma (MTNB), ADMA Biologics (ADMA), EnLink Midstream (ENLC), Gran Tierra Energy (GTE), Marimed (MRMD) and Cannabics Pharmaceuticals (CNBX). 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 (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 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 many different retail and institutional investors. Top institutional investors include UBS Group AG (0.49%), FNY Investment Advisers LLC (0.44%), AdvisorShares Investments LLC (0.31%), Healthcare Value Capital LLC (0.27%), Nuveen Asset Management LLC (0.10%) and Goldman Sachs Group Inc. (0.03%). 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. Which major investors are selling Greenlane stock? GNLN stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, FNY Investment Advisers LLC, and Goldman Sachs Group Inc.. 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. Which major investors are buying Greenlane stock? GNLN stock was acquired by a variety of institutional investors in the last quarter, including AdvisorShares Investments LLC, Nuveen Asset Management LLC, Healthcare Value Capital LLC, and Bank of New York Mellon Corp. 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 $2.04. How big of a company is Greenlane? Greenlane has a market capitalization of $191.12 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 9/25/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
