NASDAQ:GNLNGreenlane Stock Price, Forecast & News

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 (WHO). Since then, GNLN stock has increased by 125.7% and is now trading at $3.25.
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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."
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Greenlane is scheduled to release its next quarterly earnings announcement on Friday, November 13th 2020.
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Greenlane Holdings (NASDAQ:GNLN) issued its quarterly earnings results on Thursday, June, 4th. The company reported ($0.58) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by $0.43. The firm had revenue of $33.87 million for the quarter, compared to analysts' expectations of $32.52 million. Greenlane had a negative return on equity of 15.57% and a negative net margin of 10.64%.
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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.

3 Wall Street analysts have issued 1 year target prices for Greenlane's shares. Their forecasts range from $4.00 to $5.00. On average, they anticipate Greenlane's share price to reach $4.33 in the next year. This suggests a possible upside of 33.3% from the stock's current price.
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News stories about GNLN stock have trended negative this week, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Greenlane earned a daily sentiment score of -2.2 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near future.
View the latest news about Greenlane.

Greenlane saw a increase in short interest in February. As of February 15th, there was short interest totaling 1,530,000 shares, an increase of 29.7% from the January 31st total of 1,180,000 shares. Based on an average trading volume of 220,200 shares, the days-to-cover ratio is presently 6.9 days. Approximately 16.6% of the company's stock are short sold.
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Some companies that are related to Greenlane include Mandom (MDOMF), Calavo Growers (CVGW), Fresh Del Monte Produce (FDP), Universal (UVV), Schweitzer-Mauduit International (SWM), United Natural Foods (UNFI), John B. Sanfilippo & Son (JBSS), e.l.f. Beauty (ELF), PREMIER FOODS P/ADR (PRRFY), Scholastic (SCHL), Meredith (MDP), Matthews International (MATW), Greencore Group (GNCGY), Tupperware Brands (TUP) and MGP Ingredients (MGPI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Greenlane investors own include Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), KushCo (KSHB), OrganiGram (OGI), Enerplus (ERF), Supreme Cannabis (SPRWF), EnLink Midstream (ENLC), Gran Tierra Energy (GTE), Matinas BioPharma (MTNB) and ADMA Biologics (ADMA).

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

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

Greenlane's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include UBS Group AG (0.49%), FNY Investment Advisers LLC (0.44%), AdvisorShares Investments LLC (0.31%) and Bank of New York Mellon Corp (0.03%). 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.

GNLN stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, and FNY Investment Advisers LLC.
View insider buying and selling activity for Greenlane.

GNLN stock was purchased by a variety of institutional investors in the last quarter, including AdvisorShares Investments 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.

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.

One share of GNLN stock can currently be purchased for approximately $3.25.

Greenlane has a market capitalization of $305.33 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.

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

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]