Shares of GrowGeneration Corp. (NASDAQ:GRWG - Get Free Report) fell 1.8% during mid-day trading on Tuesday . The stock traded as low as $2.17 and last traded at $2.17. 348,272 shares changed hands during trading, a decline of 66% from the average session volume of 1,034,961 shares. The stock had previously closed at $2.21.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on GRWG. Roth Mkm raised their price target on shares of GrowGeneration from $2.25 to $2.75 and gave the company a "neutral" rating in a research note on Thursday, May 9th. Oppenheimer downgraded shares of GrowGeneration from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 20th.
Check Out Our Latest Stock Analysis on GrowGeneration
GrowGeneration Stock Up 0.9 %
The business's 50 day moving average is $2.52 and its two-hundred day moving average is $2.42. The firm has a market cap of $132.95 million, a P/E ratio of -2.77 and a beta of 3.09.
GrowGeneration (NASDAQ:GRWG - Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.04). GrowGeneration had a negative return on equity of 18.00% and a negative net margin of 22.68%. The firm had revenue of $47.89 million for the quarter, compared to the consensus estimate of $46.52 million. Equities research analysts anticipate that GrowGeneration Corp. will post -0.35 EPS for the current year.
Institutional Investors Weigh In On GrowGeneration
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in GrowGeneration by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,992,591 shares of the company's stock worth $8,559,000 after purchasing an additional 21,306 shares during the period. Tidal Investments LLC acquired a new stake in GrowGeneration in the first quarter worth $5,934,000. AWM Investment Company Inc. grew its holdings in GrowGeneration by 17.8% in the first quarter. AWM Investment Company Inc. now owns 1,001,692 shares of the company's stock worth $2,865,000 after purchasing an additional 151,000 shares during the period. Penserra Capital Management LLC grew its holdings in GrowGeneration by 42.2% in the third quarter. Penserra Capital Management LLC now owns 515,694 shares of the company's stock worth $1,505,000 after purchasing an additional 152,929 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in GrowGeneration by 9.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 500,125 shares of the company's stock worth $1,461,000 after purchasing an additional 42,123 shares during the period. 36.02% of the stock is currently owned by institutional investors and hedge funds.
About GrowGeneration
(
Get Free Report)
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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