Insider Buying: Hydrofarm Holdings Group (NASDAQ:HYFM) President Buys 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 dated Tuesday, October 27th. The stock was purchased at an average cost of $0.91 per share, for a total transaction of $20,110.09. Following the transaction, the president directly owned 40,657 shares of the company’s stock, valued at $36,997.87. The trade was a 119.08% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hydrofarm Holdings Group Stock Performance

Shares of NASDAQ HYFM traded down $0.04 during trading hours on Thursday, reaching $0.78. 215,985 shares of the stock were exchanged, compared to its average volume of 835,771. The firm has a market capitalization of $3.72 million, a price-to-earnings ratio of -0.01 and a beta of 2.39. Hydrofarm Holdings Group, Inc. has a 52 week low of $0.50 and a 52 week high of $3.20. The stock’s fifty day simple moving average is $0.91 and its 200 day simple moving average is $1.08.

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

Institutional Trading of Hydrofarm Holdings Group

An institutional investor recently bought a new stake in Hydrofarm Holdings Group stock. BlackRock Inc. acquired a new stake in shares of Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 50,465 shares of the company’s stock, valued at approximately $43,000. BlackRock Inc. owned approximately 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.

Analyst Ratings Changes

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

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.