GrowGeneration (NASDAQ:GRWG) PT Lowered to $2.25

GrowGeneration (NASDAQ:GRWG) had its price objective lowered by analysts at Roth Mkm from $2.75 to $2.25 in a report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Roth Mkm’s price objective indicates a potential upside of 24.49% from the company’s current price.

GRWG has been the subject of a number of other research reports. Lake Street Capital dropped their price objective on shares of GrowGeneration from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Stifel Nicolaus cut their price target on shares of GrowGeneration from $2.55 to $2.50 and set a “hold” rating for the company in a research note on Monday, July 29th.

GrowGeneration Price Performance

Shares of NASDAQ GRWG traded down $0.17 during mid-day trading on Friday, hitting $1.81. The company had a trading volume of 251,262 shares, compared to its average volume of 947,915. GrowGeneration has a 12 month low of $1.77 and a 12 month high of $3.78. The firm has a market cap of $109.73 million, a P/E ratio of -2.29 and a beta of 3.09. The business’s 50-day simple moving average is $2.34 and its 200-day simple moving average is $2.39.

GrowGeneration (NASDAQ:GRWG) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.04). The firm had revenue of $47.89 million for the quarter, compared to the consensus estimate of $46.52 million. GrowGeneration had a negative net margin of 22.68% and a negative return on equity of 18.00%. As a group, sell-side analysts predict that GrowGeneration will post -0.36 EPS for the current year.

Institutional Investors Weigh In On GrowGeneration

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in GrowGeneration by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,992,591 shares of the company’s stock valued at $8,559,000 after purchasing an additional 21,306 shares in the last quarter. Tidal Investments LLC bought a new position in shares of GrowGeneration in the first quarter valued at about $5,934,000. AWM Investment Company Inc. lifted its position in GrowGeneration by 17.8% during the 1st quarter. AWM Investment Company Inc. now owns 1,001,692 shares of the company’s stock worth $2,865,000 after buying an additional 151,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in GrowGeneration by 9.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 500,125 shares of the company’s stock worth $1,461,000 after acquiring an additional 42,123 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of GrowGeneration by 6.4% in the second quarter. Bank of New York Mellon Corp now owns 194,974 shares of the company’s stock worth $419,000 after acquiring an additional 11,742 shares during the last quarter. Institutional investors own 36.02% of the company’s stock.

GrowGeneration Company Profile

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.