New insider activity at GrowGeneration ( (GRWG) ) has taken place on March 21, 2025.
In a significant move, President Michael Salaman and CEO Darren Lampert of GrowGeneration have made substantial investments in the company’s stock. Michael Salaman acquired 85,465 shares, amounting to a purchase worth $103,412. Meanwhile, Darren Lampert purchased 82,639 shares, with a total value of $98,340. These transactions underscore their confidence in the company’s future prospects.
Recent Updates on GRWG stock
GrowGeneration’s recent earnings call and financial reports reveal a company undergoing significant restructuring, shifting from a store-reliant model to a B2B-focused, product-driven approach. Despite a decline in net sales to $188.9 million and a net loss of $49.5 million in 2024, the company has shown growth in proprietary brand sales and launched a new B2B e-commerce platform. The strategic restructuring, including the closure of 19 retail locations, aims to improve margins and drive future growth. Alliance Global Partners adjusted their price target due to lower-than-expected EBITDA, attributed to a reduced gross margin from inventory reduction. The company maintains a strong cash position with no debt, positioning it for potential profitability and growth in 2025, with projected revenues between $170 million and $180 million.
More about GrowGeneration
YTD Price Performance: -30.29%
Average Trading Volume: 725,809
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $65.4M
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