Hydrofarm Holdings Group (NASDAQ:HYFM) President Purchases $20,110.09 in Stock

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) President Mark Parker acquired 22,099 shares of the firm’s stock in a transaction that occurred on Tuesday, October 27th. The shares were purchased at an average price of $0.91 per share, with a total value of $20,110.09. Following the acquisition, the president owned 40,657 shares of the company’s stock, valued at approximately $36,997.87. This trade represents a 119.08% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hydrofarm Holdings Group Stock Performance

Shares of NASDAQ:HYFM opened at $0.70 on Friday. Hydrofarm Holdings Group, Inc. has a 52 week low of $0.50 and a 52 week high of $3.20. The company has a market capitalization of $3.31 million, a PE ratio of -0.01 and a beta of 2.39. The company has a 50 day moving average price of $0.90 and a two-hundred day moving average price of $1.07.

Hydrofarm Holdings Group (NASDAQ:HYFM) last posted its earnings results on Friday, August 14th. The company reported ($2.23) earnings per share for the quarter, missing the consensus estimate of ($0.89) by ($1.34). The firm had revenue of $23.21 million during the quarter, compared to analyst estimates of $58.20 million. Hydrofarm Holdings Group had a negative return on equity of 500.33% and a negative net margin of 267.20%.

Hedge Funds Weigh In On Hydrofarm Holdings Group

An institutional investor recently bought a new position in Hydrofarm Holdings Group stock. BlackRock Inc. acquired a new stake in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 50,465 shares of the company’s stock, valued at approximately $43,000. BlackRock Inc. owned 1.06% of Hydrofarm Holdings Group as of its most recent filing with the SEC. Institutional investors and hedge funds own 26.61% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Hydrofarm Holdings Group in a research note on Monday, September 21st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Hydrofarm Holdings Group Company Profile

Hydrofarm Holdings Group, Inc (NASDAQ:HYFM) is a distributor and manufacturer of hydroponic and controlled-environment agriculture equipment and supplies. The company serves commercial and hobbyist growers, specialty retailers, and other customers involved in indoor and greenhouse cultivation, primarily in the United States and Canada.

Its product portfolio includes grow lighting, hydroponic systems, growing media, nutrients and supplements, irrigation equipment, environmental-control systems, propagation supplies, containers, pest-management products, and related cultivation accessories.