GrowGeneration (NASDAQ:GRWG) CEO Darren Lampert Sells 70,280 Shares of Stock

GrowGeneration Corp. (NASDAQ:GRWG) CEO Darren Lampert sold 70,280 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $1.74, for a total transaction of $122,287.20. Following the transaction, the chief executive officer directly owned 1,708,242 shares in the company, valued at $2,972,341.08. The trade was a 3.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Darren Lampert also recently made the following trade(s):

• On Thursday, November 13th, Darren Lampert sold 56,540 shares of GrowGeneration stock. The shares were sold at an average price of $1.61, for a total value of $91,029.40.

GrowGeneration Stock Performance

Shares of GrowGeneration stock remained flat at $1.65 during trading hours on Friday. 555,144 shares of the stock were exchanged, compared to its average volume of 523,326. The stock has a market capitalization of $98.74 million, a PE ratio of -2.46 and a beta of 3.12. GrowGeneration Corp. has a one year low of $0.82 and a one year high of $2.16. The business’s 50 day moving average price is $1.67 and its 200 day moving average price is $1.36.

GrowGeneration (NASDAQ:GRWG) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.05. The firm had revenue of $47.25 million during the quarter, compared to the consensus estimate of $41.56 million. GrowGeneration had a negative return on equity of 29.82% and a negative net margin of 24.77%. GrowGeneration has set its Q4 2025 guidance at EPS. Analysts expect that GrowGeneration Corp. will post -0.58 EPS for the current year.

Analyst Ratings Changes

GRWG has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of GrowGeneration in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of GrowGeneration from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 16th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $2.50.

Institutional Investors Weigh In On GrowGeneration

Institutional investors have recently added to or reduced their stakes in the company. Catalyst Funds Management Pty Ltd bought a new stake in shares of GrowGeneration during the 2nd quarter valued at $25,000. Engineers Gate Manager LP bought a new stake in GrowGeneration in the second quarter worth $26,000. AQR Capital Management LLC bought a new position in GrowGeneration in the 1st quarter worth about $27,000. XTX Topco Ltd purchased a new stake in shares of GrowGeneration during the second quarter valued at approximately $55,000. Finally, Bank of America Corp DE raised its stake in shares of GrowGeneration by 36.7% in the fourth quarter. Bank of America Corp DE now owns 60,104 shares of the company’s stock worth $102,000 after purchasing an additional 16,132 shares during the last quarter. Hedge funds and other institutional investors own 36.02% of the company’s stock.

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.