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

GrowGeneration Corp. (NASDAQ:GRWG) CEO Darren Lampert acquired 85,300 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were purchased 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 owns 1,518,420 shares of the company’s stock, valued at $2,854,629.60. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

GrowGeneration Price Performance

Shares of GRWG opened at $2.27 on Friday. GrowGeneration Corp. has a one year low of $1.77 and a one year high of $3.78. The company has a market cap of $137.81 million, a PE ratio of -2.87 and a beta of 3.09. The stock has a 50-day moving average of $2.27 and a 200-day moving average of $2.37.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on GRWG shares. Lake Street Capital cut their price target on shares of GrowGeneration from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Roth Mkm cut their target price on GrowGeneration from $2.75 to $2.25 and set a “neutral” rating on the stock in a research report 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, Alliance Global Partners cut their price target on GrowGeneration from $2.75 to $2.25 and set a “neutral” rating on the stock in a report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, GrowGeneration currently has an average rating of “Hold” and a consensus price target of $2.75.

Institutional Trading of GrowGeneration

A number of hedge funds and other institutional investors have recently bought and sold shares of GRWG. Vanguard Group Inc. lifted its stake in shares of GrowGeneration by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,992,591 shares of the company’s stock valued at $8,559,000 after buying an additional 21,306 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of GrowGeneration in the 1st quarter worth about $5,934,000. Dimensional Fund Advisors LP lifted its position in GrowGeneration by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,411,087 shares of the company’s stock valued at $3,034,000 after acquiring an additional 43,701 shares in the last quarter. AWM Investment Company Inc. boosted its stake in GrowGeneration by 17.8% during the 1st quarter. AWM Investment Company Inc. now owns 1,001,692 shares of the company’s stock valued at $2,865,000 after purchasing an additional 151,000 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased 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 purchasing an additional 42,123 shares in the last quarter. Institutional investors own 36.02% of the company’s stock.

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.