Hydrofarm Holdings Group - HYFM Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hydrofarm Holdings Group in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" HYFM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HYFM, but not buy additional shares or sell existing shares.
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6 brokers have issued 12-month target prices for Hydrofarm Holdings Group's shares. Their HYFM share price forecasts range from $4.00 to $22.00. On average, they expect the company's share price to reach $11.83 in the next year. This suggests a possible upside of 351.7% from the stock's current price.
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Hydrofarm Holdings Group's stock was trading at $28.29 at the beginning of the year. Since then, HYFM stock has decreased by 90.7% and is now trading at $2.62.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
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Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) released its quarterly earnings data on Thursday, November, 11th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.08. The company had revenue of $123.82 million for the quarter, compared to analysts' expectations of $122.72 million. Hydrofarm Holdings Group had a negative net margin of 66.39% and a negative trailing twelve-month return on equity of 6.55%.

Hydrofarm Holdings Group updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $330.00 million-$347.00 million, compared to the consensus revenue estimate of $337.48 million.

(HYFM) raised $130 million in an initial public offering on Thursday, December 10th 2020. The company issued 8,700,000 shares at $14.00-$16.00 per share. J.P.Morgan, Stifel, Deutsche Bank Securities, Truist Securities and William Blair acted as the underwriters for the IPO.

Hydrofarm Holdings Group trades on the NASDAQ under the ticker symbol "HYFM."

Hydrofarm Holdings Group's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.02%), ETF Managers Group LLC (5.06%), Massachusetts Financial Services Co. MA (3.62%), Vanguard Group Inc. (3.60%), State Street Corp (3.23%) and Texas Capital Bank Wealth Management Services Inc. (2.04%). Insiders that own company stock include Patrick Chung, Terence Fitch and William Douglas Toler.
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Shares of HYFM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HYFM stock can currently be purchased for approximately $2.62.

Hydrofarm Holdings Group (NASDAQ:HYFM) has a market capitalization of $118.35 million and generates $479.42 million in revenue each year. The company earns $13.42 million in net income (profit) each year or ($5.82) on an earnings per share basis.

The company employs 709 workers across the globe.

The official website for the company is www.hydrofarm.com. The company can be reached via phone at 707-765-9990 or via email at ir@hydrofarm.com.