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

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

GrowGeneration Stock Performance

GrowGeneration stock opened at $1.78 on Thursday. GrowGeneration Corp. has a 1 year low of $1.55 and a 1 year high of $3.38. The firm’s 50-day moving average is $2.01 and its 200-day moving average is $2.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in GrowGeneration in the third quarter worth $42,000. Price T Rowe Associates Inc. MD grew its position in shares of GrowGeneration by 47.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 69,104 shares of the company’s stock worth $198,000 after acquiring an additional 22,269 shares during the last quarter. Barclays PLC increased its holdings in shares of GrowGeneration by 274.2% in 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 during the period. Virtu Financial LLC lifted its position in GrowGeneration by 510.6% in the 3rd quarter. Virtu Financial LLC now owns 81,655 shares of the company’s stock valued at $174,000 after purchasing an additional 68,282 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in GrowGeneration by 16.8% during the 2nd 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 during the period. Institutional investors and hedge funds own 36.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GRWG. 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 report on Friday, July 26th. Stifel Nicolaus cut their target price on shares of GrowGeneration from $2.55 to $2.50 and set a “hold” rating on the stock in a research note on Monday, July 29th. Alliance Global Partners decreased their price target on GrowGeneration from $2.75 to $2.25 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, Roth Mkm cut their price objective on GrowGeneration from $2.75 to $2.25 and set a “neutral” rating on the stock in a research note 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $2.75.

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.