Insider Buying: urban-gro, Inc. (NASDAQ:UGRO) COO Purchases 3,889 Shares of Stock

urban-gro, Inc. (NASDAQ:UGRO – Get Rating) COO Jim Dennedy bought 3,889 shares of the stock in a transaction dated Monday, May 16th. The stock was bought at an average price of $6.29 per share, with a total value of $24,461.81. Following the acquisition, the chief operating officer now owns 217,991 shares in the company, valued at approximately $1,371,163.39. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

urban-gro stock traded up $0.26 during trading hours on Tuesday, reaching $6.50. 2,327 shares of the stock were exchanged, compared to its average volume of 82,573. The stock has a market cap of $69.16 million, a P/E ratio of -312.50 and a beta of 1.97. urban-gro, Inc. has a 52-week low of $5.80 and a 52-week high of $17.30. The firm’s 50 day moving average is $8.95 and its 200 day moving average is $9.79.

urban-gro (NASDAQ:UGRO – Get Rating) last announced its quarterly earnings data on Tuesday, March 29th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $18.96 million for the quarter, compared to analysts’ expectations of $18.80 million. urban-gro had a return on equity of 0.04% and a net margin of 0.02%. During the same quarter in the previous year, the company posted ($0.24) EPS. Equities research analysts anticipate that urban-gro, Inc. will post 0.16 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on UGRO shares. Craig Hallum started coverage on shares of urban-gro in a report on Monday, May 2nd. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of urban-gro from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th. Maxim Group initiated coverage on shares of urban-gro in a research report on Monday, March 21st. They issued a “buy” rating and a $20.00 price target for the company. Finally, Small Cap Consu restated a “buy” rating on shares of urban-gro in a research report on Wednesday, January 26th.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley increased its holdings in shares of urban-gro by 97.8% in the 3rd quarter. Morgan Stanley now owns 3,024 shares of the company’s stock valued at $40,000 after purchasing an additional 1,495 shares in the last quarter. UBS Group AG increased its holdings in shares of urban-gro by 382.0% in the 3rd quarter. UBS Group AG now owns 2,116 shares of the company’s stock valued at $28,000 after purchasing an additional 1,677 shares in the last quarter. Davy Global Fund Management Ltd increased its holdings 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 valued at $254,000 after purchasing an additional 2,216 shares in the last quarter. State Street Corp increased its holdings in shares of urban-gro by 13.1% in the 1st quarter. State Street Corp now owns 21,595 shares of the company’s stock valued at $232,000 after purchasing an additional 2,495 shares in the last quarter. Finally, Vident Investment Advisory LLC grew its stake in urban-gro by 69.1% in the 1st quarter. Vident Investment Advisory LLC now owns 21,922 shares of the company’s stock valued at $235,000 after acquiring an additional 8,956 shares during the last quarter. Institutional investors and hedge funds 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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