Roth Capital Begins Coverage on Greenlane (GNLN)

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

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

NASDAQ GNLN traded up $0.05 on Tuesday, reaching $16.05. 9,477 shares of the company were exchanged, compared to its average volume of 969,141. Greenlane has a fifty-two week low of $12.90 and a fifty-two week high of $29.00.

In other Greenlane news, CEO Aaron Locascio sold 644,860 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $15.81, for a total transaction of $10,195,236.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jay M. Scheiner sold 8,729 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $15.81, for a total value of $138,005.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,045,543 shares of company stock worth $16,530,035.

About Greenlane

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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