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Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM - Get Rating) has been assigned a consensus recommendation of "Hold" from the six brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $14.80.

A number of equities analysts have recently commented on HYFM shares. JPMorgan Chase & Co. cut Hydrofarm Holdings Group from an "overweight" rating to a "neutral" rating in a report on Wednesday, August 3rd. UBS Group reduced their price objective on Hydrofarm Holdings Group to $4.00 in a research report on Friday, July 22nd.Hydrofarm Holdings Group Price Performance

Shares of NASDAQ HYFM opened at $3.08 on Friday. The stock has a market capitalization of $138.89 million, a PE ratio of -0.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.18 and a quick ratio of 0.98. The business has a fifty day moving average price of $3.44 and a two-hundred day moving average price of $8.10. Hydrofarm Holdings Group has a fifty-two week low of $2.27 and a fifty-two week high of $53.84. Insider Buying and Selling at Hydrofarm Holdings Group

In other Hydrofarm Holdings Group news, CEO William Douglas Toler acquired 25,000 shares of the company's stock in a transaction dated Friday, August 12th. The shares were bought at an average cost of $3.73 per share, with a total value of $93,250.00. Following the purchase, the chief executive officer now directly owns 1,607,395 shares of the company's stock, valued at $5,995,583.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.50% of the company's stock. Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Hydrofarm Holdings Group by 2,054.0% in the second quarter. FMR LLC now owns 7,216 shares of the company's stock worth $25,000 after purchasing an additional 6,881 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Hydrofarm Holdings Group in the first quarter worth approximately $26,000. Point72 Hong Kong Ltd purchased a new stake in shares of Hydrofarm Holdings Group in the second quarter worth approximately $31,000. Prelude Capital Management LLC purchased a new stake in shares of Hydrofarm Holdings Group in the second quarter worth approximately $44,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Hydrofarm Holdings Group in the second quarter worth approximately $52,000. 53.88% of the stock is owned by institutional investors and hedge funds. Hydrofarm Holdings Group Company Profile (Get Rating)

Hydrofarm Holdings Group, Inc, together with its subsidiaries, engages in the manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company offers agricultural lighting devices, indoor climate control equipment, hydroponics and nutrients, and plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment; and distributes CEA equipment and supplies, which include grow light systems; heating, ventilation, and air conditioning systems; humidity and carbon dioxide monitors and controllers; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media made from soil, rock wool or coconut fiber.Recommended StoriesGet a free copy of the StockNews.com research report on Hydrofarm Holdings Group (HYFM)MarketBeat: Week in Review 9/5 – 9/9Prepare For A Record-Setting Quarter For Cyber Security StocksThe Auto Market Is Slowly Recovering, These Stocks May OutperformIs DocuSign On The Verge Of A Major Reversal?Oil and Gas Stocks: A Safe Way to Invest in Renewable Energy

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