Hydrofarm Holdings Group (NASDAQ:HYFM) President Acquires 22,099 Shares of Company Stock

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) President Mark Parker bought 22,099 shares of the firm’s stock in a transaction 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 transaction, the president owned 40,657 shares of the company’s stock, valued at approximately $36,997.87. The trade was a 119.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Hydrofarm Holdings Group Stock Performance

Shares of Hydrofarm Holdings Group stock traded down $0.04 during midday trading on Thursday, hitting $0.78. 215,985 shares of the company traded hands, compared to its average volume of 835,771. The firm’s fifty day moving average price is $0.91 and its 200-day moving average price is $1.08. The stock has a market cap of $3.72 million, a price-to-earnings ratio of -0.01 and a beta of 2.39. Hydrofarm Holdings Group, Inc. has a 12 month low of $0.50 and a 12 month high of $3.20.

Hydrofarm Holdings Group (NASDAQ:HYFM) last announced its quarterly earnings results on Friday, August 14th. The company reported ($2.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.89) by ($1.34). Hydrofarm Holdings Group had a negative net margin of 267.20% and a negative return on equity of 500.33%. The firm had revenue of $23.21 million during the quarter, compared to the consensus estimate of $58.20 million.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Hydrofarm Holdings Group in a report on Monday, September 21st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Hydrofarm Holdings Group has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Hydrofarm Holdings Group stock. BlackRock Inc. acquired a new stake in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 50,465 shares of the company’s stock, valued at approximately $43,000. BlackRock Inc. owned 1.06% of Hydrofarm Holdings Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 26.61% of the company’s stock.

Hydrofarm Holdings Group Company Profile

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.