In a report released yesterday, W. Andrew Carter from Stifel Nicolaus maintained a Hold rating on Hydrofarm Holdings Group (HYFM – Research Report), with a price target of $1.45. The company’s shares closed last Friday at $0.98.
According to TipRanks, Andrew Carter is ranked #4412 out of 8316 analysts.
Hydrofarm Holdings Group has an analyst consensus of Hold, with a price target consensus of $1.57, implying a 60.78% upside from current levels. In a report released on May 16, UBS also maintained a Hold rating on the stock with a $1.25 price target.
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HYFM market cap is currently $44.3M and has a P/E ratio of -0.16.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HYFM in relation to earlier this year.
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Hydrofarm Holdings Group Inc is a distributor and manufacturer of agriculture equipment and supplies. Some of its products include Grow Light Ballasts, Fluorescent Lighting, Pumps and Irrigation, Meters and solutions and Hydro Systems.
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