urban-gro, Inc. (NASDAQ:UGRO – Get Rating) – Investment analysts at Small Cap Consu lowered their Q2 2022 earnings per share (EPS) estimates for urban-gro in a research report issued to clients and investors on Wednesday, May 11th. Small Cap Consu analyst E. Beder now anticipates that the company will earn ($0.08) per share for the quarter, down from their prior estimate of $0.01. Small Cap Consu has a “Buy” rating on the stock. Small Cap Consu also issued estimates for urban-gro’s Q4 2022 earnings at $0.18 EPS.
urban-gro (NASDAQ:UGRO – Get Rating) last released its quarterly earnings results on Tuesday, March 29th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). urban-gro had a negative return on equity of 0.17% and a negative net margin of 1.41%. The business had revenue of $18.96 million for the quarter, compared to the consensus estimate of $18.80 million. During the same period in the prior year, the business posted ($0.24) earnings per share.
Shares of urban-gro stock opened at $6.25 on Friday. The firm has a market capitalization of $64.71 million, a PE ratio of -40.46 and a beta of 1.97. The firm’s 50 day moving average is $9.09 and its 200 day moving average is $9.88. urban-gro has a 1 year low of $5.80 and a 1 year high of $17.30.
In other urban-gro news, CEO Bradley John Nattrass sold 15,000 shares of the business’s stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $10.96, for a total transaction of $164,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 25.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Davy Global Fund Management Ltd grew its stake in shares of urban-gro by 10.0% in the 4th quarter. Davy Global Fund Management Ltd now owns 24,273 shares of the company’s stock worth $254,000 after acquiring an additional 2,216 shares in the last quarter. Vident Investment Advisory LLC bought a new stake in shares of urban-gro in the 3rd quarter worth $171,000. EAM Global Investors LLC bought a new stake in shares of urban-gro in the 3rd quarter worth $1,571,000. EAM Investors LLC bought a new stake in shares of urban-gro in the 3rd quarter worth $2,626,000. Finally, Ellenbecker Investment Group bought a new stake in shares of urban-gro in the 4th quarter worth $386,000. Hedge funds and other institutional investors own 25.33% of the company’s stock.
About urban-gro (Get Rating)
urban-gro, Inc operates as an engineering design services company that integrates complex environmental equipment systems to create indoor cultivation facilities for the commercial horticulture market in the United States, Canada, and Europe. The company offers engineering and design services, including cultivation space programming, integrated cultivation design, and full-facility mechanical, electrical, and plumbing engineering; training services ranging from equipment standard operating procedure libraries to staff training sessions; facility and equipment commissioning services; program overview and pricing; and related-party hardware and software platforms.
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