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Greenlane Stock Forecast, Price & News

+0.40 (+12.70 %)
(As of 11/27/2020 12:00 AM ET)
Today's Range
Now: $3.55
50-Day Range
MA: $2.88
52-Week Range
Now: $3.55
Volume465,000 shs
Average Volume204,693 shs
Market Capitalization$330.69 million
P/E RatioN/A
Dividend YieldN/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: 2.4Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.44 out of 5 stars

Industry, Sector and Symbol

Industry Durable goods, not elsewhere classified
Current SymbolNASDAQ:GNLN



Sales & Book Value

Annual Sales$185.01 million
Book Value$1.22 per share


Net Income$-28,820,000.00


Market Cap$330.69 million
Next Earnings Date3/29/2021 (Estimated)
OptionableNot Optionable
+0.40 (+12.70 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Greenlane (NASDAQ:GNLN) Frequently Asked Questions

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 stock has increased by 146.5% and is now trading at $3.55.
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
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Greenlane?

Wall Street analysts have given Greenlane a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Greenlane wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Greenlane's next earnings date?

Greenlane is scheduled to release its next quarterly earnings announcement on Monday, March 29th 2021.
View our earnings forecast for Greenlane

How were Greenlane's earnings last quarter?

Greenlane Holdings, Inc. (NASDAQ:GNLN) posted its earnings results on Tuesday, November, 17th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by $0.04. Greenlane had a negative return on equity of 16.22% and a negative net margin of 10.64%.
View Greenlane's earnings history

What price target have analysts set for GNLN?

3 brokerages have issued 1 year price objectives for Greenlane's stock. Their forecasts range from $4.00 to $5.00. On average, they expect Greenlane's share price to reach $4.33 in the next twelve months. This suggests a possible upside of 22.1% from the stock's current price.
View analysts' price targets 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), OrganiGram (OGI), Enerplus (ERF), Matinas BioPharma (MTNB), The Supreme Cannabis (SPRWF), ADMA Biologics (ADMA), EnLink Midstream (ENLC), Gran Tierra Energy (GTE), MariMed (MRMD) and Novan (NOVN).

Who are Greenlane's key executives?

Greenlane's management team includes the following people:
  • Mr. Aaron LoCascio, Founder, Chairman & CEO (Age 34, Pay $379.82k)
  • Mr. Adam Schoenfeld, Pres, Chief Strategy Officer & Director (Age 35, Pay $402k)
  • Mr. William E. Mote Jr., Chief Financial Officer (Age 50)
  • Mr. William J. Bine, Chief Operating Officer
  • Mr. Douglas H. Fischer, Gen. Counsel (Age 37)
  • Ms. Regina Speciale, VP of Sales
  • Mr. Richard Finlow, Managing Director-Europe
  • Mr. Michael Cellucci, Pres of Sales & Marketing of North America

When did Greenlane IPO?

(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.

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 BlackRock Inc. (0.64%), FNY Investment Advisers LLC (0.49%), AdvisorShares Investments LLC (0.48%), Cambria Investment Management L.P. (0.26%), Squarepoint Ops LLC (0.07%) and Kestra Advisory Services LLC (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 BlackRock 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 purchased by a variety of institutional investors in the last quarter, including AdvisorShares Investments LLC, FNY Investment Advisers LLC, Cambria Investment Management L.P., Squarepoint Ops LLC, and Kestra Advisory Services 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 $3.55.

How big of a company is Greenlane?

Greenlane has a market capitalization of $330.69 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 350 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 11/30/2020 by MarketBeat.com Staff

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