In yesterday’s Wall Street session, Hydrofarm Holdings Group Inc. (NASDAQ:HYFM) shares traded at $1.58, up 3.95% from the previous session.
6 analysts cover Hydrofarm Holdings Group Inc. (NASDAQ:HYFM), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $1.50, we find $2.58. Given the previous closing price of $1.52, this indicates a potential upside of 69.74 percent. HYFM stock price is now -9.85% away from the 50-day moving average and -46.22% away from the 200-day moving average. The market capitalization of the company currently stands at $67.85M.
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The stock has received a hold rating from 4 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $2.91 as their price target over the next twelve months.
On May 11, 2022, UBS Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $26 to quote $8, while ‘Stifel’ rates the stock as ‘Hold’.
In other news, Toler William Douglas, CEO and Chairman of the Board bought 25,000 shares of the company’s stock on Aug 12. The stock was bought for $93,142 at an average price of $3.73. Upon completion of the transaction, the CEO and Chairman of the Board now directly owns 1,607,395 shares in the company, valued at $2.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 16, President Fitch Terence sold 3,500 shares of the business’s stock. A total of $51,240 was realized by selling the stock at an average price of $14.64. This leaves the insider owning 274,225 shares of the company worth $0.43 million. Insiders disposed of 214,649 shares of company stock worth roughly $0.34 million over the past 1 year. A total of 4.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HYFM stock. A new stake in Hydrofarm Holdings Group Inc. shares was purchased by MARSHALL WACE, LLP during the first quarter worth $283,000. ALPINE GLOBAL MANAGEMENT, LLC invested $89,000 in shares of HYFM during the first quarter. In the first quarter, VIRTU FINANCIAL LLC acquired a new stake in Hydrofarm Holdings Group Inc. valued at approximately $37,000. CHICO WEALTH RIA acquired a new stake in HYFM for approximately $33,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in HYFM valued at around $10,000 in the second quarter. In total, there are 140 active investors with 49.30% ownership of the company’s stock.
On Tuesday morning Hydrofarm Holdings Group Inc. (NASDAQ: HYFM) stock kicked off with the opening price of $1.5300. During the past 12 months, Hydrofarm Holdings Group Inc. has had a low of $1.18 and a high of $17.45. As of last week, the company has a debt-to-equity ratio of 0.32, a current ratio of 3.80, and a quick ratio of 1.00. The fifty day moving average price for HYFM is $1.7527 and a two-hundred day moving average price translates $2.9381 for the stock.
The latest earnings results from Hydrofarm Holdings Group Inc. (NASDAQ: HYFM) was released for Sep, 2022. According to the Farm & Heavy Construction Machinery Company, earnings per share came in at -$0.33, missing analysts’ expectations of -$0.32 by -0.01. This compares to $0.37 EPS in the same period last year. The net profit margin was -66.40% and return on equity was -51.20% for HYFM. The company reported revenue of $74.16 million for the quarter, compared to $123.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -40.11 percent. For the current quarter, analysts expect HYFM to generate $48.37M in revenue.
Hydrofarm Holdings Group Inc.(HYFM) Company Profile
Hydrofarm Holdings Group, Inc., together with its subsidiaries, engages in the manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company offers agricultural lighting devices, indoor climate control equipment, hydroponics and nutrients, and plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment; and distributes CEA equipment and supplies, which include grow light systems; heating, ventilation, and air conditioning systems; humidity and carbon dioxide monitors and controllers; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media made from soil, rock wool or coconut fiber. It also provides hydroponics systems, such as hydro systems, hydro trays and components, meters and solutions, pumps and irrigation systems, water filtration systems, pots and containers, and tents and tarps; atmospheric control equipment comprising controllers, monitors and timers, ventilation/air conditioning equipment, air purification equipment, and CO2 equipment; and nutrients and additives. The company offers its products under the Phantom, PhotoBio, Active Aqua, Active Air, HEAVY 16, House & Garden, Mad Farmer, Roots Organics, Soul, Procision, Grotek, Gaia Green, Innovative Growers Equipment, Quantum, Xtrasun, Digilux, Agrobrite, SunBlaster, Jump Start, Active Eye, Autopilot, Phat, oxyClone, and GROW!T brands. Hydrofarm Holdings Group, Inc. was founded in 1977 and is based in Shoemakersville, Pennsylvania.
