Hydrofarm Holdings Group (NASDAQ:HYFM) Stock Price Up 0.3% – Should You Buy?

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM)’s stock price was up 0.3% on Friday . The company traded as high as $0.7344 and last traded at $0.6818. Approximately 33,760 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 39,494 shares. The stock had previously closed at $0.68.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Hydrofarm Holdings Group in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Hydrofarm Holdings Group Trading Up 0.3%

The company has a market cap of $3.25 million, a price-to-earnings ratio of -0.01 and a beta of 2.31. The stock’s 50 day moving average price is $0.90 and its 200 day moving average price is $1.16.

Hydrofarm Holdings Group (NASDAQ:HYFM) last released its earnings results on Friday, May 15th. The company reported ($3.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.28) by ($1.79). Hydrofarm Holdings Group had a negative net margin of 237.25% and a negative return on equity of 500.33%. The company had revenue of $28.52 million during the quarter, compared to analysts’ expectations of $57.69 million.

Institutional Trading of Hydrofarm Holdings Group

Several large investors have recently bought and sold shares of HYFM. Jane Street Group LLC purchased a new position in shares of Hydrofarm Holdings Group in the fourth quarter valued at $34,000. DRW Securities LLC increased its stake in Hydrofarm Holdings Group by 261.4% during the 4th quarter. DRW Securities LLC now owns 38,840 shares of the company’s stock worth $59,000 after buying an additional 28,093 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in Hydrofarm Holdings Group during the 3rd quarter worth $59,000. Institutional investors and hedge funds own 26.61% of the company’s stock.

Hydrofarm Holdings Group Company Profile

Hydrofarm Holdings Group, Inc provides a comprehensive portfolio of products and services for controlled environment agriculture (CEA) and indoor gardening. The company’s offerings include horticultural lighting systems, environmental controls, nutrient and irrigation solutions, growing media, and greenhouse and nursery equipment. These products are designed to support commercial growers, research institutions, and home gardening enthusiasts by optimizing plant growth and resource efficiency in indoor and greenhouse environments.

Founded in 1977 and headquartered in Fairless Hills, Pennsylvania, Hydrofarm has grown through a combination of product innovation and strategic acquisitions.