Key Points
- Hydrofarm President Mark Parker bought 22,099 shares at an average price of $0.91, investing $20,110.09 and increasing his position by 119.08%.
- Hydrofarm shares were trading at $0.78, down 5.5%, with a market capitalization of approximately $3.71 million. The stock has ranged from $0.50 to $3.20 over the past year.
- The company reported significantly worse-than-expected quarterly results, including a loss of $2.23 per share versus an estimated $0.89 loss and revenue of $23.21 million versus $58.20 million expected; analysts maintain an overall “Sell” rating.
Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM - Get Free Report) President Mark Parker purchased 22,099 shares of the business's stock in a transaction that occurred on Tuesday, October 27th. The stock was acquired at an average price of $0.91 per share, for a total transaction of $20,110.09. Following the acquisition, the president owned 40,657 shares in the company, valued at $36,997.87. This trade represents a 119.08% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Hydrofarm Holdings Group Trading Down 5.5%
HYFM opened at $0.78 on Friday. Hydrofarm Holdings Group, Inc. has a 12-month low of $0.50 and a 12-month high of $3.20. The firm has a market capitalization of $3.71 million, a PE ratio of -0.01 and a beta of 2.39. The firm has a 50 day moving average of $0.91 and a two-hundred day moving average of $1.07.
Hydrofarm Holdings Group (NASDAQ:HYFM - Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported ($2.23) EPS for the quarter, missing the consensus estimate of ($0.89) by ($1.34). The business had revenue of $23.21 million for the quarter, compared to analyst estimates of $58.20 million. Hydrofarm Holdings Group had a negative net margin of 267.20% and a negative return on equity of 500.33%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Hydrofarm Holdings Group in a research report on Monday, September 21st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of "Sell".
Check Out Our Latest Report on HYFM
Institutional Trading of Hydrofarm Holdings Group
A hedge fund recently bought a new position in Hydrofarm Holdings Group stock. BlackRock Inc. bought a new position in shares of Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 50,465 shares of the company's stock, valued at approximately $43,000. BlackRock Inc. owned 1.06% of Hydrofarm Holdings Group as of its most recent SEC filing. 26.61% of the stock is currently owned by institutional investors.
Hydrofarm Holdings Group Company Profile
(
Get Free Report)
Hydrofarm Holdings Group, Inc (NASDAQ:HYFM) is a distributor and manufacturer of hydroponic and controlled-environment agriculture equipment and supplies. The company serves commercial and hobbyist growers, specialty retailers, and other customers involved in indoor and greenhouse cultivation, primarily in the United States and Canada.
Its product portfolio includes grow lighting, hydroponic systems, growing media, nutrients and supplements, irrigation equipment, environmental-control systems, propagation supplies, containers, pest-management products, and related cultivation accessories.
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