Hydrofarm Holdings Group (NASDAQ:HYFM) Posts Earnings Results

Hydrofarm Holdings Group (NASDAQ:HYFM) posted its earnings results on Friday. The company reported ($2.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.89) by ($1.34), Zacks reports. The business had revenue of $23.21 million during the quarter, compared to the consensus estimate of $58.20 million. Hydrofarm Holdings Group had a negative return on equity of 500.33% and a negative net margin of 237.25%.

Hydrofarm Holdings Group Stock Down 18.3%

HYFM traded down $0.33 during trading on Friday, reaching $1.47. The company had a trading volume of 324,342 shares, compared to its average volume of 1,084,374. The stock has a market cap of $7.00 million, a P/E ratio of -0.02 and a beta of 2.35. The business has a 50 day simple moving average of $0.98 and a 200-day simple moving average of $1.09. Hydrofarm Holdings Group has a 52 week low of $0.50 and a 52 week high of $4.76.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

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

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.