Sunday, June 26, 2022

Hydrofarm Holdings Group Inc. [HYFM] stock was sold by Fitch Terence at the price of US$51240.0

Hydrofarm Holdings Group Inc.’s recent filing unveils that its President Fitch Terence unloaded Company’s shares for reported $51240.0 on Mar 16. In the deal valued at $14.64 per share,3,500 shares were sold. As a result of this transaction, Fitch Terence now holds 274,225 shares worth roughly $ 1.17 million.

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Then, Fitch Terence sold 13,100 shares, generating $175,278 in total proceeds. Upon selling the shares at $13.38, the President now owns 277,725 shares.

Before that, Toler William Douglas bought 4,000 shares. Hydrofarm Holdings Group Inc. shares valued at $57,080 were divested by the CEO and Chairman of the Board at a price of $14.27 per share. As a result of the transaction, Toler William Douglas now holds 1,550,831 shares, worth roughly $6.61 million.

Meanwhile, UBS downgraded its Hydrofarm Holdings Group Inc. [HYFM] rating to a Neutral from a a Buy in a research note published on Tuesday, May 11, 2022; the price target was decreased to $8 from $26. PT values the company’s stock at a premium of 46.75 to its Tuesday closing price. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in mid May from “a Buy” to “a Hold”. Wells Fargo began covering HYFM with a “an Equal weight” recommendation on December 07, 2021. UBS started covering the stock on June 24, 2021. It rated HYFM as “a Buy”.

Price Performance Review of HYFM

On Tuesday, Hydrofarm Holdings Group Inc. [NASDAQ:HYFM] saw its stock jump 5.19% to $4.26. On the same session, the stock had its day’s lowest price of $4.11, but rose to a high of $4.53. Over the last five days, the stock has lost -4.27%. Hydrofarm Holdings Group Inc. shares have fallen nearly -84.94% since the year began. Nevertheless, the stocks have fallen -92.42% over the past one year. While a 52-week high of $60.70 was reached on 01/03/22, a 52-week low of $3.88 was recorded on 06/16/22. SMA at 50 days reached $8.09, while 200 days put it at $23.32. A total of 0.97 million shares were traded, compared to the trading of 1.11 million shares in the previous session.

Levels Of Support And Resistance For HYFM Stock

The 24-hour chart illustrates a support level at 4.07, which if violated will result in even more drops to 3.88. On the upside, there is a resistance level at 4.49. A further resistance level may holdings at 4.72. The Relative Strength Index (RSI) on the 14-day chart is 28.73, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.48%. Stochastics %K at 7.15% indicates the stock is a buying.

Hydrofarm Holdings Group Inc. [HYFM] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 3,230,922 shares, or roughly 7.20% of the outstanding HYFM shares. In other words, the investor’s shares have risen by 233,125 from its previous 13-F filing of 2997797.0. Additionally, Wasatch Advisors, Inc. increased 5.72% of its stake after which the total value it holdings stand at $22,083,814, while BlackRock Fund Advisors added 1.94% of its stake to hold $15.07 million in the firm. Over the last quarter, Wellington Management Co. LLP sold -213,038 shares of Hydrofarm Holdings Group Inc., while AdvisorShares Investments LLC sold 23,772 shares. At present, Massachusetts Financial Services is holding 1,532,982 shares valued at $10.56 million. ETF Managers Group LLC owned 1,020,190 shares of the company at the time of its most recent 13F filing, worth $7.03 million.

According to FactSet, Hydrofarm Holdings Group Inc.’s share price will average $11.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 122.22 percent from its previous closing price of $4.05. Analysts expect Hydrofarm Holdings Group Inc. stock to reach the higher price of $18.00, while the lowest price estimate is $7.00. However, 7 analysts have rated HYFM stock as an Overweight in their predictions for 2022. The most recent change occurred on January 04, 2021 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $65 price target.

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