GrowGeneration Corp. (NASDAQ:GRWG – Get Free Report) CEO Darren Lampert purchased 64,098 shares of GrowGeneration stock in a transaction dated Monday, May 18th. The shares were purchased at an average cost of $1.55 per share, with a total value of $99,351.90. Following the acquisition, the chief executive officer owned 1,765,800 shares of the company’s stock, valued at approximately $2,736,990. This trade represents a 3.77% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
GrowGeneration Stock Performance
Shares of GRWG traded up $0.04 during midday trading on Tuesday, hitting $1.56. 504,310 shares of the stock traded hands, compared to its average volume of 442,242. The firm has a market capitalization of $93.44 million, a PE ratio of -4.86 and a beta of 2.40. GrowGeneration Corp. has a 1-year low of $0.87 and a 1-year high of $2.40. The business’s 50 day moving average price is $1.20 and its two-hundred day moving average price is $1.37.
GrowGeneration (NASDAQ:GRWG – Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. GrowGeneration had a negative return on equity of 19.50% and a negative net margin of 11.91%.The firm had revenue of $38.39 million for the quarter, compared to analyst estimates of $36.45 million. As a group, equities research analysts forecast that GrowGeneration Corp. will post -0.22 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Read Our Latest Report on GRWG
Institutional Trading of GrowGeneration
Institutional investors and hedge funds have recently modified their holdings of the company. AWM Investment Company Inc. grew its position in GrowGeneration by 8.7% in the fourth quarter. AWM Investment Company Inc. now owns 3,380,784 shares of the company’s stock valued at $5,071,000 after acquiring an additional 271,249 shares during the period. Renaissance Technologies LLC grew its position in GrowGeneration by 34.5% in the first quarter. Renaissance Technologies LLC now owns 1,370,610 shares of the company’s stock valued at $1,508,000 after acquiring an additional 351,277 shares during the period. Monaco Asset Management SAM grew its position 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 acquiring an additional 278,179 shares during the period. Jane Street Group LLC grew its position in GrowGeneration by 1,193.2% in the second quarter. Jane Street Group LLC now owns 792,229 shares of the company’s stock valued at $741,000 after acquiring an additional 730,968 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in GrowGeneration by 55.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 519,681 shares of the company’s stock valued at $972,000 after acquiring an additional 184,626 shares during the period. 36.02% of the stock is currently owned by institutional investors.
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.
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