GrowGeneration Corp. (NASDAQ:GRWG) CEO Darren Lampert Acquires 57,467 Shares

GrowGeneration Corp. (NASDAQ:GRWG) CEO Darren Lampert acquired 57,467 shares of GrowGeneration stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average cost of $1.75 per share, with a total value of $100,567.25. Following the completion of the acquisition, the chief executive officer now owns 1,595,883 shares of the company’s stock, valued at $2,792,795.25. The trade was a 3.74 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

GrowGeneration Price Performance

Shares of GRWG opened at $1.78 on Thursday. The company’s 50 day simple moving average is $2.01 and its 200 day simple moving average is $2.22. GrowGeneration Corp. has a 1 year low of $1.55 and a 1 year high of $3.38.

Hedge Funds Weigh In On GrowGeneration

Large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC increased its holdings in shares of GrowGeneration by 510.6% during the 3rd quarter. Virtu Financial LLC now owns 81,655 shares of the company’s stock worth $174,000 after buying an additional 68,282 shares during the last quarter. Barclays PLC grew its holdings in shares of GrowGeneration by 274.2% during the 3rd quarter. Barclays PLC now owns 75,452 shares of the company’s stock worth $161,000 after purchasing an additional 55,290 shares during the period. Jane Street Group LLC increased its position in GrowGeneration by 120.0% during the 3rd quarter. Jane Street Group LLC now owns 166,798 shares of the company’s stock worth $355,000 after purchasing an additional 90,966 shares in the last quarter. Empowered Funds LLC raised its holdings in GrowGeneration by 5.3% in the third quarter. Empowered Funds LLC now owns 112,180 shares of the company’s stock valued at $239,000 after buying an additional 5,628 shares during the period. Finally, SG Americas Securities LLC acquired a new position in GrowGeneration during the third quarter valued at approximately $42,000. 36.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on GRWG shares. Alliance Global Partners dropped their price target on GrowGeneration from $2.75 to $2.25 and set a “neutral” rating for the company in a research report on Friday, August 9th. Roth Mkm dropped their target price on shares of GrowGeneration from $2.75 to $2.25 and set a “neutral” rating for the company in a report on Friday, August 9th. Stifel Nicolaus reduced their price target on shares of GrowGeneration from $2.55 to $2.50 and set a “hold” rating on the stock in a report on Monday, July 29th. Finally, Lake Street Capital dropped their price objective on shares of GrowGeneration from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, GrowGeneration currently has a consensus rating of “Hold” and an average target price of $2.75.

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.