Roth Mkm Lowers GrowGeneration (NASDAQ:GRWG) Price Target to $2.25

GrowGeneration (NASDAQ:GRWG) had its target price lowered by Roth Mkm from $2.75 to $2.25 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts have also issued research reports about the stock. Lake Street Capital decreased their target price on shares of GrowGeneration from $5.00 to $4.00 and set a buy rating on the stock in a report on Friday, July 26th. Stifel Nicolaus lowered their price objective on GrowGeneration from $2.55 to $2.50 and set a hold rating on the stock in a research report on Monday, July 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $2.75.

GrowGeneration Stock Down 8.6 %

Shares of NASDAQ:GRWG traded down $0.17 during midday trading on Friday, reaching $1.81. 888,240 shares of the company traded hands, compared to its average volume of 952,066. The firm’s fifty day moving average price is $2.33 and its two-hundred day moving average price is $2.38. The firm has a market capitalization of $109.88 million, a price-to-earnings ratio of -2.29 and a beta of 3.09. GrowGeneration has a 12 month low of $1.77 and a 12 month high of $3.78.

GrowGeneration (NASDAQ:GRWG) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.04). GrowGeneration had a negative net margin of 22.68% and a negative return on equity of 18.00%. The company had revenue of $47.89 million for the quarter, compared to the consensus estimate of $46.52 million. Analysts forecast that GrowGeneration will post -0.36 earnings per share for the current year.

Institutional Investors Weigh In On GrowGeneration

Several hedge funds have recently bought and sold shares of GRWG. Dimensional Fund Advisors LP raised its position in shares of GrowGeneration by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,411,087 shares of the company’s stock valued at $3,034,000 after buying an additional 43,701 shares in the last quarter. American Century Companies Inc. raised its position in GrowGeneration by 16.8% during the second quarter. American Century Companies Inc. now owns 84,823 shares of the company’s stock valued at $182,000 after purchasing an additional 12,197 shares in the last quarter. Bank of New York Mellon Corp raised its position in GrowGeneration by 6.4% during the second quarter. Bank of New York Mellon Corp now owns 194,974 shares of the company’s stock valued at $419,000 after purchasing an additional 11,742 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its stake in GrowGeneration by 44.0% during the second quarter. Baader Bank Aktiengesellschaft now owns 180,000 shares of the company’s stock worth $387,000 after purchasing an additional 55,000 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of GrowGeneration in the 1st quarter worth about $5,934,000. 36.02% of the stock is currently owned by institutional investors.

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.