Roth Mkm Increases GrowGeneration (NASDAQ:GRWG) Price Target to $2.75

GrowGeneration (NASDAQ:GRWG) had its price target increased by Roth Mkm from $2.25 to $2.75 in a report released on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Roth Mkm’s price target indicates a potential downside of 1.08% from the company’s previous close.

Separately, Oppenheimer lowered GrowGeneration from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 20th.

GrowGeneration Trading Up 3.7 %

Shares of GRWG stock traded up $0.10 on Thursday, reaching $2.78. 254,120 shares of the company’s stock were exchanged, compared to its average volume of 1,189,272. GrowGeneration has a 52 week low of $1.77 and a 52 week high of $5.00. The stock has a market capitalization of $171.00 million, a PE ratio of -3.76 and a beta of 2.99. The company’s fifty day simple moving average is $2.40 and its 200 day simple moving average is $2.39.

GrowGeneration (NASDAQ:GRWG) last issued its quarterly earnings results on Wednesday, March 13th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). The business had revenue of $49.45 million for the quarter, compared to the consensus estimate of $46.03 million. GrowGeneration had a negative return on equity of 15.60% and a negative net margin of 20.58%. As a group, sell-side analysts predict that GrowGeneration will post -0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GrowGeneration

A number of institutional investors and hedge funds have recently bought and sold shares of the company. AWM Investment Company Inc. raised its position in GrowGeneration by 325.3% during the 3rd quarter. AWM Investment Company Inc. now owns 850,692 shares of the company’s stock valued at $2,484,000 after purchasing an additional 650,692 shares in the last quarter. Penserra Capital Management LLC increased its holdings in shares of GrowGeneration by 42.2% in the 3rd quarter. Penserra Capital Management LLC now owns 515,694 shares of the company’s stock valued at $1,505,000 after acquiring an additional 152,929 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of GrowGeneration by 9.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 500,125 shares of the company’s stock valued at $1,461,000 after acquiring an additional 42,123 shares during the period. GSA Capital Partners LLP purchased a new position in shares of GrowGeneration in the 3rd quarter valued at $936,000. Finally, Panagora Asset Management Inc. increased its holdings in shares of GrowGeneration by 451.1% in the 3rd quarter. Panagora Asset Management Inc. now owns 146,178 shares of the company’s stock valued at $427,000 after acquiring an additional 119,651 shares during the period. 36.02% of the stock is 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.