Greenlane Holdings (NASDAQ:GNLN) Receives Consensus Recommendation of “Buy” from Analysts

Greenlane Holdings (NASDAQ:GNLN) has been given a consensus rating of “Buy” by the six analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $22.10.

Several research firms have issued reports on GNLN. Canaccord Genuity began coverage on shares of Greenlane in a research note on Monday, May 13th. They set a “speculative buy” rating and a $22.00 price objective for the company. Cowen began coverage on shares of Greenlane in a research note on Monday, May 13th. They set an “outperform” rating and a $21.00 price objective for the company. Northland Securities began coverage on shares of Greenlane in a research note on Monday, May 13th. They set an “outperform” rating and a $23.00 price objective for the company. LADENBURG THALM/SH SH began coverage on shares of Greenlane in a research note on Monday, May 13th. They set a “buy” rating and a $22.00 price objective for the company. Finally, Roth Capital began coverage on shares of Greenlane in a research note on Tuesday, May 14th. They set a “buy” rating and a $22.50 price objective for the company.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GNLN. Bank of Montreal Can purchased a new stake in Greenlane during the second quarter worth approximately $82,000. Bank of New York Mellon Corp purchased a new stake in Greenlane during the second quarter worth approximately $103,000. Charles Schwab Investment Management Inc. purchased a new stake in Greenlane during the second quarter worth approximately $124,000. JPMorgan Chase & Co. purchased a new stake in Greenlane during the second quarter worth approximately $178,000. Finally, Ardsley Advisory Partners LP purchased a new stake in Greenlane during the second quarter worth approximately $382,000. Institutional investors own 1.53% of the company’s stock.



GNLN traded down $0.48 during trading on Friday, hitting $6.49. 419,500 shares of the company’s stock were exchanged, compared to its average volume of 350,717. Greenlane has a 1 year low of $6.35 and a 1 year high of $29.00. The stock’s 50 day moving average is $8.07.

Greenlane Company Profile

Greenlane Holdings, Inc distribute consumption accessories and vaporization products to wholesale and retail customers in the United States and Canada. The company offers vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers, and customized lines of specialty packaging.

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Analyst Recommendations for Greenlane (NASDAQ:GNLN)

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