Stephen Aiello, Director of GrowGeneration Corp. (NASDAQ: GRWG), sells 25,000 shares
The director of GrowGeneration Corp. (NASDAQ: GRWG) Stephen Aiello sold 25,000 shares of the company in a trade dated Monday, June 7. The stock was sold at an average price of $ 43.69, for a total trade of $ 1,092,250.00. Following the completion of the sale, the Director now owns 377,477 shares of the company, valued at $ 16,491,970.13. The sale was disclosed in a legal file with the Securities & Exchange Commission, which is available at this link.
GRWG traded at $ 0.46 in Wednesday’s session, reaching $ 43.64. The company had a trading volume of 1,121,776 shares, compared to an average volume of 2,276,991. The company has a 50-day moving average of $ 44.09. The company has a market cap of $ 2.57 billion, a P / E ratio of 174.56 and a beta of 2.91. GrowGeneration Corp. has a minimum of $ 6.01 over 12 months and a maximum of $ 67.75 over 12 months.
GrowGeneration (NASDAQ: GRWG) last released its results on Wednesday, May 12. The company reported earnings per share of $ 0.10 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.08 of $ 0.02. GrowGeneration recorded a return on equity of 6.45% and a net margin of 5.42%. The company posted revenue of $ 90.00 million for the quarter, compared to analysts’ expectations of $ 87.30 million. The company’s revenue for the quarter increased 172.7% year-over-year. As a group, research analysts expect GrowGeneration Corp. shows 0.51 BPA for the current year.
Several equity research analysts commented on the stock. Alliance Global Partners Downgraded GrowGeneration’s Shares From A ‘Neutral’ To A ‘Buy’ Rating And Raised Its Share Price Target From $ 50.00 To $ 55 In Published Research Report Friday May 14. Lake Street Capital raised its price target for GrowGeneration shares from $ 60.00 to $ 77.00 and gave the stock a “buy” rating in a research report published on Wednesday, February 17. LADENBURG THALM / SH SH upgraded GrowGeneration shares from a ‘neutral’ to a ‘buy’ rating and set a price target of $ 45.00 on the stock in a research report on Friday the 14th may. Roth Capital downgraded GrowGeneration from a “neutral” rating to a “buy” rating and set a price target of $ 55.00 on the stock in a research note on Thursday, May 13. Finally, Northland Securities assumed cover of GrowGeneration in a research note on Monday, May 10. They issued an “outperformance” rating and a target price of $ 55.00 on the stock. Nine analysts rated the stock with a buy rating. The company currently has an average “Buy” rating and a consensus target price of $ 54.89.
A number of large investors have recently increased or reduced their holdings in GRWG. Compagnie Lombard Odier SCmA acquired a new position in GrowGeneration during the 1st quarter for a value of approximately $ 27,000. Allred Capital Management LLC purchased a new stake in GrowGeneration shares in the 1st quarter valued at approximately $ 29,000. Avantax Advisory Services Inc. purchased a new stake in GrowGeneration shares in the 1st quarter for a value of approximately $ 38,000. Valley Brook Capital Group purchased a new stake in GrowGeneration shares in the 4th quarter valued at approximately $ 40,000. Finally, Arkadios Wealth Advisors acquired in the 1st quarter a new stake in GrowGeneration shares valued at approximately $ 44,000. 40.50% of the shares are currently held by institutional investors.
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. It is dedicated to the marketing and distribution of horticultural, organic, lighting and hydroponic products, including lighting fixtures, nutrients, seeds and growing media, systems, trays, fans, filters, humidifiers and dehumidifiers, timers, instruments, water pumps, irrigation supplies, and hand tools.
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