Hydrofarm Holdings Group (NASDAQ:HYFM) Trading 0.3% Higher – What’s Next?

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM)’s stock price was up 0.3% on Friday . The company traded as high as $0.7344 and last traded at $0.6818. Approximately 33,760 shares traded hands during trading, a decline of 15% from the average daily volume of 39,494 shares. The stock had previously closed at $0.68.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Hydrofarm Holdings Group in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hydrofarm Holdings Group Stock Up 0.3%

The company has a market cap of $3.25 million, a price-to-earnings ratio of -0.01 and a beta of 2.31. The company has a fifty day simple moving average of $0.90 and a two-hundred day simple moving average of $1.16.

Hydrofarm Holdings Group (NASDAQ:HYFM) last released its quarterly earnings results on Friday, May 15th. The company reported ($3.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.28) by ($1.79). The firm had revenue of $28.52 million for the quarter, compared to analyst estimates of $57.69 million. Hydrofarm Holdings Group had a negative return on equity of 500.33% and a negative net margin of 237.25%.

Institutional Trading of Hydrofarm Holdings Group

Several large investors have recently modified their holdings of HYFM. Citadel Advisors LLC purchased a new position in Hydrofarm Holdings Group during the third quarter worth $59,000. DRW Securities LLC lifted its position in shares of Hydrofarm Holdings Group by 261.4% in the fourth quarter. DRW Securities LLC now owns 38,840 shares of the company’s stock valued at $59,000 after acquiring an additional 28,093 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Hydrofarm Holdings Group in the fourth quarter valued at $34,000. 26.61% of the stock is currently owned by institutional investors and hedge funds.

About Hydrofarm Holdings Group

Hydrofarm Holdings Group, Inc provides a comprehensive portfolio of products and services for controlled environment agriculture (CEA) and indoor gardening. The company’s offerings include horticultural lighting systems, environmental controls, nutrient and irrigation solutions, growing media, and greenhouse and nursery equipment. These products are designed to support commercial growers, research institutions, and home gardening enthusiasts by optimizing plant growth and resource efficiency in indoor and greenhouse environments.

Founded in 1977 and headquartered in Fairless Hills, Pennsylvania, Hydrofarm has grown through a combination of product innovation and strategic acquisitions.