Hydrofarm Holdings Group (NASDAQ:HYFM) PT Lowered to $0.75

Hydrofarm Holdings Group (NASDAQ:HYFM) had its target price cut by Stifel Nicolaus from $0.90 to $0.75 in a research report released on Monday morning, Benzinga reports. They currently have a hold rating on the stock.

Hydrofarm Holdings Group Trading Up 1.3 %

NASDAQ HYFM opened at $0.64 on Monday. The stock’s 50-day moving average price is $0.72 and its two-hundred day moving average price is $0.85. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.31 and a current ratio of 3.15. Hydrofarm Holdings Group has a 1 year low of $0.61 and a 1 year high of $1.64.

Hydrofarm Holdings Group (NASDAQ:HYFM) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.01. The firm had revenue of $54.17 million for the quarter, compared to the consensus estimate of $49.00 million. Hydrofarm Holdings Group had a negative return on equity of 16.55% and a negative net margin of 27.71%. During the same quarter in the previous year, the company earned ($0.34) EPS. As a group, equities research analysts expect that Hydrofarm Holdings Group will post -1.09 EPS for the current year.

Hedge Funds Weigh In On Hydrofarm Holdings Group

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Hydrofarm Holdings Group by 18.2% in the 1st quarter. Vanguard Group Inc. now owns 1,876,913 shares of the company’s stock valued at $2,027,000 after purchasing an additional 288,701 shares during the period. Tidal Investments LLC acquired a new position in shares of Hydrofarm Holdings Group in the 1st quarter valued at about $1,118,000. AXS Investments LLC increased its holdings in shares of Hydrofarm Holdings Group by 29.6% in the 4th quarter. AXS Investments LLC now owns 544,375 shares of the company’s stock valued at $499,000 after purchasing an additional 124,412 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Hydrofarm Holdings Group by 158.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,123 shares of the company’s stock valued at $92,000 after purchasing an additional 52,194 shares during the period. Institutional investors and hedge funds own 26.61% of the company’s stock.

About Hydrofarm Holdings Group

Hydrofarm Holdings Group, Inc, together with its subsidiaries, manufactures and distributes controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company provides agricultural lighting devices, indoor climate control equipment, and nutrients, as well as plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment.