GrowGeneration Corp. $GRWG Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in GrowGeneration Corp. (NASDAQ:GRWG) by 34.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,370,610 shares of the company’s stock after purchasing an additional 351,277 shares during the quarter. Renaissance Technologies LLC owned 2.28% of GrowGeneration worth $1,508,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in GrowGeneration by 36.7% during the 4th quarter. Bank of America Corp DE now owns 60,104 shares of the company’s stock worth $102,000 after buying an additional 16,132 shares during the period. AQR Capital Management LLC purchased a new position in GrowGeneration in the 1st quarter valued at about $27,000. XTX Topco Ltd purchased a new position in GrowGeneration in the 2nd quarter valued at about $55,000. Jane Street Group LLC grew its stake in shares of GrowGeneration by 1,193.2% during the second quarter. Jane Street Group LLC now owns 792,229 shares of the company’s stock valued at $741,000 after acquiring an additional 730,968 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of GrowGeneration during the second quarter valued at about $26,000. 36.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Darren Lampert acquired 64,098 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average cost of $1.55 per share, with a total value of $99,351.90. Following the completion of the acquisition, the chief executive officer directly owned 1,765,800 shares in the company, valued at $2,736,990. This represents a 3.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 8.06% of the company’s stock.

GrowGeneration Price Performance

NASDAQ GRWG opened at $1.78 on Thursday. GrowGeneration Corp. has a 12 month low of $1.00 and a 12 month high of $2.40. The company has a market capitalization of $106.96 million, a price-to-earnings ratio of -6.59 and a beta of 2.51. The company’s fifty day moving average price is $1.48 and its two-hundred day moving average price is $1.34.

GrowGeneration (NASDAQ:GRWG) last released its earnings results on Tuesday, August 11th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. The company had revenue of $43.22 million during the quarter, compared to the consensus estimate of $42.75 million. GrowGeneration had a negative net margin of 10.07% and a negative return on equity of 17.08%. As a group, analysts anticipate that GrowGeneration Corp. will post -0.17 EPS for the current year.

Analyst Upgrades and Downgrades

GRWG has been the topic of several recent analyst reports. Weiss Ratings cut GrowGeneration from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 7th. Alliance Global Partners upgraded GrowGeneration from a “neutral” rating to a “buy” rating and set a $2.50 price objective for the company in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, GrowGeneration presently has an average rating of “Hold” and an average target price of $2.50.

More GrowGeneration News

Here are the key news stories impacting GrowGeneration this week:

• Positive Sentiment: Analyst upgrade: Alliance Global Partners raised GrowGeneration from “neutral” to “buy” and set a $2.50 price target, implying substantial upside from the recent trading level. Benzinga report
• Positive Sentiment: Second-quarter results beat expectations: GrowGeneration reported a loss of $0.03 per share, better than the expected $0.04 loss, while revenue of $43.2 million exceeded the $42.75 million consensus estimate. The loss narrowed to $2.0 million from $4.8 million a year earlier. Zacks earnings report
• Positive Sentiment: Profitability improved: Adjusted EBITDA turned positive at $0.3 million versus a $1.3 million loss in the prior-year quarter. Operating expenses declined, proprietary-brand penetration rose to 39.7%, and the company ended the quarter with $41.0 million in cash and no debt. GrowGeneration second-quarter results
• Positive Sentiment: Higher full-year profitability outlook: GrowGeneration reaffirmed 2026 revenue guidance of $162 million to $168 million and raised adjusted EBITDA guidance to $2 million-$3 million, supporting the company’s cost-reduction and recovery strategy. GrowGeneration guidance report
• Neutral Sentiment: Recent coverage also compares GrowGeneration with Winmark and provides management’s second-quarter earnings-call commentary, offering additional context on valuation and strategy. Company comparison Earnings call transcript
• Negative Sentiment: Near-term revenue guidance disappointed: Third-quarter revenue guidance of $44 million-$46 million was below the $46.9 million analyst consensus, signaling a potentially softer immediate outlook despite the improved full-year EBITDA forecast. Third-quarter guidance report

GrowGeneration Company Profile

GrowGeneration Corp. is the largest chain of specialty hydroponic and organic garden centers in the United States, serving commercial and home growers of all experience levels. The company offers a broad assortment of cultivation supplies, including high-efficiency LED lighting, climate control systems, irrigation and fertigation equipment, growing media and nutrients. Through its retail outlets and e-commerce platform, GrowGeneration caters to indoor and outdoor horticultural operations, with a particular focus on the rapidly expanding legal cannabis market.

In addition to its product offerings, GrowGeneration provides design, consulting and project management services for turnkey cultivation facilities.