GrowGeneration Corp. (NASDAQ:GRWG - Free Report) - Alliance Global Partners decreased their FY2024 earnings estimates for GrowGeneration in a report issued on Thursday, February 20th. Alliance Global Partners analyst A. Grey now anticipates that the company will post earnings per share of ($0.61) for the year, down from their prior forecast of ($0.59). The consensus estimate for GrowGeneration's current full-year earnings is ($0.58) per share. Alliance Global Partners also issued estimates for GrowGeneration's Q4 2024 earnings at ($0.18) EPS, Q1 2025 earnings at ($0.13) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.08) EPS and FY2025 earnings at ($0.36) EPS.
GrowGeneration Trading Down 4.1 %
Shares of GRWG traded down $0.05 during mid-day trading on Monday, reaching $1.16. The company's stock had a trading volume of 623,495 shares, compared to its average volume of 658,296. The stock has a market cap of $68.72 million, a PE ratio of -1.33 and a beta of 3.09. GrowGeneration has a 52 week low of $1.15 and a 52 week high of $3.38. The company's fifty day moving average price is $1.51 and its two-hundred day moving average price is $1.82.
Institutional Investors Weigh In On GrowGeneration
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRWG. Monaco Asset Management SAM purchased a new stake in shares of GrowGeneration in the 4th quarter worth about $783,000. Tidal Investments LLC grew its holdings in GrowGeneration by 24.7% during the 3rd quarter. Tidal Investments LLC now owns 1,870,563 shares of the company's stock valued at $3,984,000 after buying an additional 370,635 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in GrowGeneration during the 4th quarter valued at approximately $431,000. Deutsche Bank AG grew its holdings in GrowGeneration by 449.9% during the 4th quarter. Deutsche Bank AG now owns 127,091 shares of the company's stock valued at $215,000 after buying an additional 103,981 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of GrowGeneration by 120.0% in the third quarter. Jane Street Group LLC now owns 166,798 shares of the company's stock valued at $355,000 after purchasing an additional 90,966 shares in the last quarter. 36.02% of the stock is currently owned by institutional investors.
About GrowGeneration
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GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. The company engages in the marketing and distribution of nutrients, additives, growing media, lighting, and environmental control systems, as well as other indoor and outdoor growing products.
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