These Numbers Could Change Investor Views For GrowGeneration Corp. (NASDAQ: GRWG)

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FIVE Stock

BlackRock Fund Advisors recently announced the acquisition of new stake in GrowGeneration Corp. (NASDAQ:GRWG). This fresh investment now brings its stake to 4.53% valued currently at $14.86 million. In addition, Driehaus Capital Management LLC raised its holdings by 1.66 million to 1.66 million shares.

With over 3.98 million GrowGeneration Corp. (GRWG) shares trading Monday and a closing price of $15.95 on the day, the dollar volume was approximately $63.51 million. The shares have shown a positive weekly performance of 11.26% and its price on 08/31/20 lost nearly -2.39%. Currently, there are 38.62M common shares owned by the public and among those 36.12M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for GRWG have a consensus price objective of $17.57. The analysts have set the share’s price value over the next 12 months at a high of $25.00 and a low of $14.00 should the stock experience a downside. Incidentally, analysts’ outlook for the GrowGeneration Corp. stock is 1.80 for the next 12 months. The average price target is -95.23% below its last price level and a downside to the estimated low will see the stock lose -13.93% over that period. But an upside of 36.2% will see the stock hit the forecast high price target while mean target price for the stock is $16.00.

Insiders at the company have transacted a total of 154 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 1,198,479 shares. Insider sales of the common stock occurred on 137 occasions, with total insider shares sold totaling 3,228,170 shares.

The top 3 mutual fund holders in GrowGeneration Corp. are Federated Hermes Kaufmann Small C, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF. Federated Hermes Kaufmann Small C owns 1.46 million shares of the company’s stock, all valued at over $12.34 million. The company bought an additional 1.46 million shares recently to bring their total holdings to about 3.76% of the shares outstanding. Vanguard Total Stock Market Index bought 0.18 million shares to see its total holdings expand to 0.98 million shares valued at over $8.31 million and representing 2.53% of the shares outstanding. iShares Russell 2000 ETF sold 27132.0 shares to bring its total holdings to over 0.58 million shares at a value of $4.9 million. iShares Russell 2000 ETF now owns shares totaling to 1.50% of the shares outstanding.

Shares of GrowGeneration Corp. (NASDAQ: GRWG) opened at $15.90, down -$0.44 from a prior closing price of $16.34. However, the script later closed the day at $15.95, down -2.39%. The company’s stock has a 5-day price change of 11.26% and 120.68% over the past three months. GRWG shares are trading 289.15% year to date (YTD), with the 12-month market performance up to 194.40% higher. It has a 12-month low price of $2.62 and touched a high of $22.88 over the same period. Currently, 3.98 million shares have been traded, compared to an average intraday trading volume of 4.62 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 21.16%, 66.23%, and 165.62% respectively.

Institutional ownership of GrowGeneration Corp. (NASDAQ: GRWG) shares accounts for 53.60% of the company’s 38.62M shares outstanding. Mutual fund holders own 30.49%, while other institutional holders and individual stakeholders account for 34.68% and 14.22% respectively.

It has a market capitalization of $700.90M and a beta (3y monthly) value of 2.33. The stock’s trailing 12-month PE ratio is 797.75, while the earnings-per-share (ttm) stands at $0.02. The company has a PEG of 39.89 and a Quick Ratio of 1.30 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.26% over the week and 13.01% over the month.

Analysts forecast that GrowGeneration Corp. (GRWG) will achieve an EPS of $0.06 for the current quarter, $0.06 for the next quarter and $0.33 for 2021. The lowest estimate earnings-per-share for the quarter is $0.04 while analysts give the company a high EPS estimate of $0.1. Comparatively, EPS for the current quarter was $0.03 a year ago. Earnings per share for the fiscal year are expected to increase by 122.20%, and 126.03% over the next financial year. EPS should shrink at an annualized rate of 20.00% over the next five years, compared to 36.10% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate GrowGeneration Corp. (GRWG) as a “Strong Buy” at a consensus score of 1.80. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 0 of the 7 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the GRWG, a number of firms have released research notes about the stock. Stifel stated their Buy rating for the stock in a research note on August 27, 2020, with the firm’s price target at $22. Oppenheimer coverage for the GrowGeneration Corp. (GRWG) stock in a research note released on July 14, 2020 offered a Outperform rating with a price target of $15. The Benchmark Company was of a view on May 20, 2020 that the stock is Buy, while Craig Hallum gave the stock Buy rating on March 10, 2020, issuing a price target of $7.


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