Darren Lampert Buys 57,467 Shares of GrowGeneration Corp. (NASDAQ:GRWG) Stock

GrowGeneration Corp. (NASDAQ:GRWG) CEO Darren Lampert purchased 57,467 shares of GrowGeneration stock in a transaction that occurred on Tuesday, November 19th. The stock was acquired at an average cost of $1.75 per share, with a total value of $100,567.25. Following the acquisition, the chief executive officer now directly owns 1,595,883 shares in the company, valued at $2,792,795.25. This trade represents a 3.74 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

GrowGeneration Stock Up 2.6 %

GrowGeneration stock traded up $0.05 during mid-day trading on Wednesday, hitting $1.80. The company’s stock had a trading volume of 626,004 shares, compared to its average volume of 817,236. The stock’s fifty day moving average price is $2.02 and its two-hundred day moving average price is $2.22. GrowGeneration Corp. has a twelve month low of $1.55 and a twelve month high of $3.38. The stock has a market capitalization of $106.34 million, a P/E ratio of -2.06 and a beta of 3.14.

Wall Street Analyst Weigh In

GRWG has been the subject of several recent analyst reports. Lake Street Capital cut their target price on 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 dropped their target price on GrowGeneration from $2.55 to $2.50 and set a “hold” rating on the stock in a research report on Monday, July 29th. Alliance Global Partners decreased their price target on GrowGeneration from $2.75 to $2.25 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, Roth Mkm dropped their price objective on GrowGeneration from $2.75 to $2.25 and set a “neutral” rating for the company 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 company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $2.75.

Institutional Trading of GrowGeneration

Several institutional investors have recently made changes to their positions in the business. Tidal Investments LLC bought a new stake in GrowGeneration in the first quarter valued at approximately $5,934,000. AWM Investment Company Inc. grew its position in shares of 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 purchasing an additional 151,000 shares in the last quarter. Jane Street Group LLC grew its position in shares of GrowGeneration by 120.0% during the 3rd quarter. Jane Street Group LLC now owns 166,798 shares of the company’s stock worth $355,000 after purchasing an additional 90,966 shares in the last quarter. Barclays PLC boosted its position in shares of GrowGeneration by 274.2% during the 3rd quarter. Barclays PLC now owns 75,452 shares of the company’s stock worth $161,000 after acquiring an additional 55,290 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft boosted its position in shares of GrowGeneration by 44.0% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 180,000 shares of the company’s stock worth $387,000 after acquiring an additional 55,000 shares in the last quarter. 36.02% of the stock is currently owned by institutional investors and hedge funds.

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.