Northland Securities analyst Michael Grondahl maintained a Buy rating on Greenlane Holdings (GNLN) today and set a price target of $7.00. The company’s shares closed last Tuesday at $3.60.
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 26.0% and a 58.3% success rate. Grondahl covers the Financial sector, focusing on stocks such as Altisource Portfolio Solutions SA, International Money Express, and WisdomTree Investments.
Currently, the analyst consensus on Greenlane Holdings is a Strong Buy with an average price target of $7.00.
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Based on Greenlane Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $36.27 million and GAAP net loss of $3.51 million. In comparison, last year the company earned revenue of $37.24 million and had a GAAP net loss of $2.99 million.
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Greenlane Holdings, Inc. distributes and supplies vaporization products and accessories for vape shops and dispensaries. It offers packaging, rolling papers, grinders, glass products, and smoking accessories. The company was founded by Aaron LoCascio and Adam Schoenfeld on May 2, 2018 and is headquartered in Boca Raton, FL.
