Greenlane (GNLN) Coverage Initiated at Roth Capital

Analysts at Roth Capital began coverage on shares of Greenlane (NASDAQ:GNLN) in a report issued on Tuesday, MarketBeat.com reports. The firm set a “buy” rating and a $22.50 price target on the stock. Roth Capital’s price target points to a potential upside of 35.46% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. LADENBURG THALM/SH SH initiated coverage on Greenlane in a report on Monday. They set a “buy” rating and a $22.00 target price for the company. Cowen initiated coverage on Greenlane in a report on Monday. They set an “outperform” rating and a $21.00 target price for the company. Canaccord Genuity initiated coverage on Greenlane in a report on Monday. They set a “speculative buy” rating and a $22.00 target price for the company. Finally, Northland Securities initiated coverage on Greenlane in a report on Monday. They set an “outperform” rating and a $23.00 target price for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Greenlane has a consensus rating of “Buy” and an average target price of $22.10.

Shares of GNLN stock opened at $16.61 on Tuesday. Greenlane has a fifty-two week low of $12.90 and a fifty-two week high of $29.00.

In related news, COO Jay M. Scheiner sold 5,237 shares of Greenlane stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $15.81, for a total transaction of $82,796.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sasha Kadey sold 6,983 shares of Greenlane stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $15.81, for a total value of $110,401.23. The disclosure for this sale can be found here. Insiders have sold 1,045,543 shares of company stock valued at $16,530,035 in the last ninety days.

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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