Roth Capital Begins Coverage on Greenlane (GNLN)

Roth Capital initiated coverage on shares of Greenlane (NASDAQ:GNLN) in a research report released on Tuesday, Briefing.com Automated Import reports. The firm issued a buy rating and a $22.50 target price on the stock.

A number of other equities analysts have also weighed in on the stock. Northland Securities began coverage on shares of Greenlane in a research report on Monday, May 13th. They issued an outperform rating and a $23.00 price objective on the stock. Canaccord Genuity began coverage on shares of Greenlane in a research report on Monday, May 13th. They issued a speculative buy rating and a $22.00 price objective on the stock. Cowen began coverage on shares of Greenlane in a research report on Monday, May 13th. They issued an outperform rating and a $21.00 price objective on the stock. Finally, LADENBURG THALM/SH SH began coverage on shares of Greenlane in a research report on Monday, May 13th. They issued a buy rating and a $22.00 price objective on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $22.10.

NASDAQ:GNLN opened at $15.53 on Tuesday. Greenlane has a 1-year low of $12.90 and a 1-year high of $29.00.

In other Greenlane news, CEO Aaron Locascio sold 644,860 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $15.81, for a total transaction of $10,195,236.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sasha Kadey sold 11,639 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $15.81, for a total transaction of $184,012.59. The disclosure for this sale can be found here. Insiders have sold a total of 1,045,543 shares of company stock worth $16,530,035 over the last 90 days.

Greenlane Company Profile

Greenlane Holdings, Inc distribute consumption accessories and vaporization products to wholesale and retail customers in the United States and Canada. The company offers vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers, and customized lines of specialty packaging.

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Analyst Recommendations for Greenlane (NASDAQ:GNLN)

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