Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM – Get Free Report)’s stock price fell 5.7% during mid-day trading on Friday . The stock traded as low as $0.72 and last traded at $0.7920. Approximately 81,876 shares traded hands during trading, an increase of 7% from the average daily volume of 76,493 shares. The stock had previously closed at $0.8401.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Hydrofarm Holdings Group in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.
Get Our Latest Stock Analysis on HYFM
Hydrofarm Holdings Group Trading Down 5.7%
Hydrofarm Holdings Group (NASDAQ:HYFM – Get Free Report) last announced its quarterly earnings data on Friday, May 15th. The company reported ($3.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.28) by ($1.79). The company had revenue of $28.52 million for the quarter, compared to the consensus estimate of $57.69 million. Hydrofarm Holdings Group had a negative net margin of 237.25% and a negative return on equity of 500.33%.
Institutional Trading of Hydrofarm Holdings Group
Large investors have recently modified their holdings of the company. Citadel Advisors LLC purchased a new position in Hydrofarm Holdings Group during the 3rd quarter worth $59,000. DRW Securities LLC lifted its holdings in shares of Hydrofarm Holdings Group by 261.4% in the 4th quarter. DRW Securities LLC now owns 38,840 shares of the company’s stock worth $59,000 after buying an additional 28,093 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Hydrofarm Holdings Group in the 4th quarter worth $34,000. Hedge funds and other institutional investors own 26.61% of the company’s stock.
Hydrofarm Holdings Group Company Profile
Hydrofarm Holdings Group, Inc provides a comprehensive portfolio of products and services for controlled environment agriculture (CEA) and indoor gardening. The company’s offerings include horticultural lighting systems, environmental controls, nutrient and irrigation solutions, growing media, and greenhouse and nursery equipment. These products are designed to support commercial growers, research institutions, and home gardening enthusiasts by optimizing plant growth and resource efficiency in indoor and greenhouse environments.
Founded in 1977 and headquartered in Fairless Hills, Pennsylvania, Hydrofarm has grown through a combination of product innovation and strategic acquisitions.
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