Hydrofarm Holdings Group (NASDAQ:HYFM) Announces Earnings Results

by · The Markets Daily

Hydrofarm Holdings Group (NASDAQ:HYFM – Get Free Report) posted its quarterly earnings data on Friday. The company reported ($2.23) earnings per share for the quarter, missing the consensus estimate of ($0.89) by ($1.34), Zacks reports. Hydrofarm Holdings Group had a negative net margin of 237.25% and a negative return on equity of 500.33%. The business had revenue of $23.21 million for the quarter, compared to the consensus estimate of $58.20 million.

Hydrofarm Holdings Group Trading Down 18.3%

Shares of Hydrofarm Holdings Group stock opened at $1.47 on Friday. Hydrofarm Holdings Group has a 1 year low of $0.50 and a 1 year high of $4.76. The stock has a 50-day moving average price of $0.99 and a 200 day moving average price of $1.09. The company has a market cap of $7.00 million, a P/E ratio of -0.02 and a beta of 2.35.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Hydrofarm Holdings Group in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Hydrofarm Holdings Group has an average rating of “Sell”.

Get Our Latest Report on HYFM

Institutional Investors Weigh In On Hydrofarm Holdings Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in Hydrofarm Holdings Group during the fourth quarter valued at $34,000. DRW Securities LLC lifted its stake in 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 during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Hydrofarm Holdings Group during the 3rd quarter worth $59,000. Hedge funds and other institutional investors own 26.61% of the company’s stock.

Hydrofarm Holdings Group Company Profile

(Get Free Report)

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.

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