Edible Garden (NASDAQ:EDBL) Major Shareholder Financial Lp Hrt Purchases 266,482 Shares

by · The Markets Daily

Edible Garden AG Incorporated (NASDAQ:EDBL – Get Free Report) major shareholder Financial Lp Hrt bought 266,482 shares of Edible Garden stock in a transaction on Wednesday, July 1st. The shares were purchased at an average cost of $0.17 per share, with a total value of $45,301.94. Following the acquisition, the insider directly owned 709,651 shares of the company’s stock, valued at approximately $120,640.67. The trade was a 60.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

  • On Monday, July 6th, Financial Lp Hrt purchased 49,552 shares of Edible Garden stock. The stock was acquired at an average cost of $0.12 per share, for a total transaction of $5,946.24.
  • On Thursday, July 2nd, Financial Lp Hrt bought 100,778 shares of Edible Garden stock. The stock was acquired at an average cost of $0.13 per share, for a total transaction of $13,101.14.

Edible Garden Stock Performance

NASDAQ:EDBL opened at $0.09 on Wednesday. Edible Garden AG Incorporated has a one year low of $0.08 and a one year high of $27.80. The stock has a market cap of $479,719.00, a PE ratio of -0.00 and a beta of 1.70. The stock has a 50 day moving average price of $0.27 and a 200 day moving average price of $2.59.

Edible Garden (NASDAQ:EDBL – Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported ($5.25) earnings per share for the quarter. The firm had revenue of $3.34 million for the quarter.

Institutional Trading of Edible Garden

An institutional investor recently raised its stake in Edible Garden stock. Cetera Investment Advisers boosted its position in shares of Edible Garden AG Incorporated (NASDAQ:EDBL – Free Report) by 861.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,150 shares of the company’s stock after acquiring an additional 86,150 shares during the period. Cetera Investment Advisers owned about 16.19% of Edible Garden worth $58,000 as of its most recent SEC filing. 12.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EDBL. Maxim Group dropped their price objective on shares of Edible Garden to $1.00 and set a “buy” rating for the company in a report on Monday, June 15th. Weiss Ratings upgraded shares of Edible Garden from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Edible Garden currently has an average rating of “Hold” and an average price target of $1.00.

Check Out Our Latest Report on EDBL

Edible Garden Company Profile

(Get Free Report)

Edible Garden AG, trading on the Nasdaq under the ticker EDBL, is a technology-enabled agriculture company specializing in the design, construction and operation of hydroponic greenhouse farms. By leveraging controlled-environment agriculture techniques and proprietary automation systems, the company produces a range of leafy greens and salad‐related vegetables, including branded Salanova products, for wholesale distribution to retailers, food service operators and distributors.

In addition to farm ownership and produce cultivation, Edible Garden develops and licenses its modular greenhouse technology and cultivation methods to third parties.

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