GrowGeneration Corp. (NASDAQ:GRWG) CEO Buys $160,364.00 in Stock

GrowGeneration Corp. (NASDAQ:GRWG) CEO Darren Lampert acquired 85,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of $1.88 per share, with a total value of $160,364.00. Following the completion of the transaction, the chief executive officer now directly owns 1,518,420 shares in the company, valued at approximately $2,854,629.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

GrowGeneration Stock Up 10.2 %

Shares of GRWG stock opened at $2.27 on Friday. GrowGeneration Corp. has a 12 month low of $1.77 and a 12 month high of $3.78. The company’s fifty day simple moving average is $2.27 and its 200-day simple moving average is $2.37. The firm has a market cap of $137.81 million, a PE ratio of -2.87 and a beta of 3.09.

GrowGeneration (NASDAQ:GRWG) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). GrowGeneration had a negative net margin of 22.68% and a negative return on equity of 18.00%. The business had revenue of $53.54 million during the quarter, compared to analyst estimates of $53.00 million. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. On average, equities analysts predict that GrowGeneration Corp. will post -0.36 earnings per share for the current fiscal year.

Institutional Trading of GrowGeneration

Several institutional investors and hedge funds have recently bought and sold shares of GRWG. Koshinski Asset Management Inc. bought a new position in GrowGeneration in the fourth quarter valued at approximately $29,000. SG Americas Securities LLC bought a new stake in shares of GrowGeneration during the 4th quarter worth approximately $31,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of GrowGeneration by 47.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 69,104 shares of the company’s stock valued at $198,000 after buying an additional 22,269 shares during the last quarter. Symmetry Peak Management LLC bought a new position in shares of GrowGeneration in the fourth quarter valued at $201,000. Finally, American Century Companies Inc. increased its holdings in GrowGeneration by 16.8% during the second quarter. American Century Companies Inc. now owns 84,823 shares of the company’s stock worth $182,000 after buying an additional 12,197 shares during the last quarter. Institutional investors own 36.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on GRWG shares. Roth Mkm reduced their price target on shares of GrowGeneration from $2.75 to $2.25 and set a “neutral” rating for the company in a report on Friday, August 9th. Alliance Global Partners reduced their target price on shares of GrowGeneration from $2.75 to $2.25 and set a “neutral” rating for the company in a research note on Friday, August 9th. Stifel Nicolaus lowered their target price on GrowGeneration from $2.55 to $2.50 and set a “hold” rating for the company in a report on Monday, July 29th. Finally, Lake Street Capital cut their price target on GrowGeneration from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, GrowGeneration has an average rating of “Hold” and a consensus target price of $2.75.

About GrowGeneration

GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. The company engages in the marketing and distribution of nutrients, additives, growing media, lighting, and environmental control systems, as well as other indoor and outdoor growing products.