GrowGeneration (GRWG) Gets a Buy from Craig-Hallum

Craig-Hallum analyst Eric Des Lauriers maintained a Buy rating on GrowGeneration (GRWG – Research Report) today. The company’s shares closed yesterday at $3.05.

According to TipRanks, Des Lauriers is a 4-star analyst with an average return of 12.8% and a 48.62% success rate. Des Lauriers covers the Consumer Defensive sector, focusing on stocks such as Turning Point Brands, Village Farms International, and Mama’s Creations.

GrowGeneration has an analyst consensus of Moderate Buy, with a price target consensus of $3.70, representing a 21.31% upside. In a report released on March 14, Lake Street also reiterated a Buy rating on the stock with a $5.00 price target.

Based on GrowGeneration’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $49.45 million and a GAAP net loss of $27.31 million. In comparison, last year the company earned a revenue of $54.46 million and had a GAAP net loss of $14.99 million

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GrowGeneration (GRWG) Company Description:

GrowGeneration Corp. retails hydroponic and organic specialty gardening products. The company owns and operates a chain retail hydroponic and gardening stores and an online e-commerce store, HeavyGardens. Its stores sells various products, including organic nutrients and soils, advanced lighting technology, hydroponic and aquaponic equipment, and other products needed to grow indoors and outdoors. The company was founded by Darren Lampert and Michael Salaman on March 6, 2014 and is headquartered in Denver, CO.