GrowGeneration (NASDAQ:GRWG) Upgraded at Zacks Research

Zacks Research upgraded shares of GrowGeneration (NASDAQ:GRWG) to a hold rating in a research report report published on Thursday morning,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of GrowGeneration in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $2.50.

GrowGeneration Trading Down 3.6%

Shares of GrowGeneration stock opened at $1.07 on Thursday. GrowGeneration has a 12-month low of $0.82 and a 12-month high of $2.40. The company has a market cap of $64.30 million, a price-to-earnings ratio of -2.68 and a beta of 2.42. The company’s 50-day moving average price is $1.19 and its 200-day moving average price is $1.48.

GrowGeneration (NASDAQ:GRWG) last issued its quarterly earnings data on Thursday, March 19th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.05). The firm had revenue of $37.82 million for the quarter, compared to analysts’ expectations of $40.02 million. GrowGeneration had a negative net margin of 14.87% and a negative return on equity of 22.90%. On average, sell-side analysts predict that GrowGeneration will post -0.58 earnings per share for the current year.

Institutional Trading of GrowGeneration

A number of large investors have recently modified their holdings of GRWG. Jane Street Group LLC increased its position in shares of GrowGeneration by 1,193.2% in the second quarter. Jane Street Group LLC now owns 792,229 shares of the company’s stock worth $741,000 after purchasing an additional 730,968 shares during the last quarter. Monaco Asset Management SAM raised its stake in GrowGeneration by 37.3% in the fourth quarter. Monaco Asset Management SAM now owns 1,024,125 shares of the company’s stock valued at $1,536,000 after purchasing an additional 278,179 shares in the last quarter. AWM Investment Company Inc. lifted its position in GrowGeneration by 8.7% during the fourth quarter. AWM Investment Company Inc. now owns 3,380,784 shares of the company’s stock valued at $5,071,000 after purchasing an additional 271,249 shares during the last quarter. Renaissance Technologies LLC lifted its position in GrowGeneration by 36.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,019,333 shares of the company’s stock valued at $1,529,000 after purchasing an additional 270,023 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in GrowGeneration by 55.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 519,681 shares of the company’s stock worth $972,000 after buying an additional 184,626 shares in the last quarter. Institutional investors own 36.02% of the company’s stock.

GrowGeneration Company Profile

GrowGeneration Corp. is the largest chain of specialty hydroponic and organic garden centers in the United States, serving commercial and home growers of all experience levels. The company offers a broad assortment of cultivation supplies, including high-efficiency LED lighting, climate control systems, irrigation and fertigation equipment, growing media and nutrients. Through its retail outlets and e-commerce platform, GrowGeneration caters to indoor and outdoor horticultural operations, with a particular focus on the rapidly expanding legal cannabis market.

In addition to its product offerings, GrowGeneration provides design, consulting and project management services for turnkey cultivation facilities.