Hydrofarm Holdings Group (NASDAQ:HYFM) Trading Up 0.3% – Should You Buy?

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM)’s share price shot up 0.3% during mid-day trading on Friday . The stock traded as high as $0.7344 and last traded at $0.6818. 33,760 shares were traded during trading, a decline of 15% from the average session volume of 39,494 shares. The stock had previously closed at $0.68.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Hydrofarm Holdings Group in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hydrofarm Holdings Group presently has an average rating of “Sell”.

Hydrofarm Holdings Group Stock Up 0.3%

The company has a market cap of $3.25 million, a PE ratio of -0.01 and a beta of 2.31. The stock’s 50 day simple moving average is $0.90 and its two-hundred day simple moving average is $1.16.

Hydrofarm Holdings Group (NASDAQ:HYFM) last issued its earnings results on Friday, May 15th. The company reported ($3.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.28) by ($1.79). Hydrofarm Holdings Group had a negative net margin of 237.25% and a negative return on equity of 500.33%. The firm had revenue of $28.52 million during the quarter, compared to analyst estimates of $57.69 million.

Institutional Trading of Hydrofarm Holdings Group

A number of hedge funds have recently made changes to their positions in HYFM. Jane Street Group LLC acquired a new stake in Hydrofarm Holdings Group during the 4th quarter valued at $34,000. DRW Securities LLC lifted its holdings in Hydrofarm Holdings Group by 261.4% in the 4th quarter. DRW Securities LLC now owns 38,840 shares of the company’s stock worth $59,000 after buying an additional 28,093 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in Hydrofarm Holdings Group in the 3rd quarter valued at about $59,000. Hedge funds and other institutional investors own 26.61% of the company’s stock.

Hydrofarm Holdings Group Company Profile

Hydrofarm Holdings Group, Inc provides a comprehensive portfolio of products and services for controlled environment agriculture (CEA) and indoor gardening. The company’s offerings include horticultural lighting systems, environmental controls, nutrient and irrigation solutions, growing media, and greenhouse and nursery equipment. These products are designed to support commercial growers, research institutions, and home gardening enthusiasts by optimizing plant growth and resource efficiency in indoor and greenhouse environments.

Founded in 1977 and headquartered in Fairless Hills, Pennsylvania, Hydrofarm has grown through a combination of product innovation and strategic acquisitions.