Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) CEO William Douglas Toler Purchases 100,000 Shares

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) CEO William Douglas Toler bought 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were purchased at an average cost of $0.50 per share, with a total value of $50,000.00. Following the transaction, the chief executive officer now directly owns 1,875,815 shares of the company’s stock, valued at $937,907.50. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Hydrofarm Holdings Group Trading Down 5.7 %

NASDAQ HYFM opened at $0.44 on Friday. The company has a fifty day simple moving average of $0.62 and a two-hundred day simple moving average of $0.79. Hydrofarm Holdings Group, Inc. has a 12-month low of $0.43 and a 12-month high of $1.64. The company has a quick ratio of 1.49, a current ratio of 3.15 and a debt-to-equity ratio of 0.48.

Hydrofarm Holdings Group (NASDAQ:HYFM) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.04). The company had revenue of $54.79 million during the quarter, compared to analysts’ expectations of $53.00 million. Hydrofarm Holdings Group had a negative return on equity of 18.46% and a negative net margin of 33.83%. On average, equities research analysts expect that Hydrofarm Holdings Group, Inc. will post -1.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

HYFM has been the subject of a number of analyst reports. Stifel Nicolaus decreased their target price on shares of Hydrofarm Holdings Group from $0.90 to $0.75 and set a “hold” rating for the company in a research report on Monday, July 29th. UBS Group decreased their target price on shares of Hydrofarm Holdings Group from $1.15 to $0.65 and set a “neutral” rating for the company in a research report on Wednesday, August 14th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Hydrofarm Holdings Group by 18.2% in the first quarter. Vanguard Group Inc. now owns 1,876,913 shares of the company’s stock worth $2,027,000 after buying an additional 288,701 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Hydrofarm Holdings Group in the first quarter worth $1,118,000. Renaissance Technologies LLC increased its stake in shares of Hydrofarm Holdings Group by 6.7% in the second quarter. Renaissance Technologies LLC now owns 730,600 shares of the company’s stock worth $504,000 after acquiring an additional 45,800 shares during the period. AXS Investments LLC increased its stake in shares of Hydrofarm Holdings Group by 29.6% in the fourth quarter. AXS Investments LLC now owns 544,375 shares of the company’s stock worth $499,000 after acquiring an additional 124,412 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Hydrofarm Holdings Group by 158.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,123 shares of the company’s stock worth $92,000 after acquiring an additional 52,194 shares during the period. Hedge funds and other institutional investors 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.