Canopy Growth (NASDAQ:CGC) Lifted to “Hold” at Atb Cap Markets

Atb Cap Markets upgraded shares of Canopy Growth (NASDAQ:CGC) to a hold rating in a research report report published on Monday, Zacks.com reports. Atb Cap Markets also issued estimates for Canopy Growth’s FY2025 earnings at ($1.36) EPS, FY2026 earnings at ($0.76) EPS, FY2028 earnings at ($0.39) EPS and FY2029 earnings at ($0.13) EPS.

Canopy Growth Stock Performance

Shares of CGC opened at $7.09 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.58 and a quick ratio of 1.25. The stock has a 50-day moving average of $8.76 and a 200-day moving average of $6.35. The company has a market cap of $540.26 million, a PE ratio of -1.11 and a beta of 0.95. Canopy Growth has a one year low of $2.76 and a one year high of $19.20.

Insider Activity

In related news, Director Willy Kruh sold 3,738 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $9.94, for a total value of $37,155.72. Following the transaction, the director now owns 17,295 shares of the company’s stock, valued at approximately $171,912.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 5,562 shares of company stock worth $55,286 in the last three months. Company insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Canopy Growth

Hedge funds have recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC lifted its position in shares of Canopy Growth by 197.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 43,179 shares of the company’s stock worth $34,000 after buying an additional 28,666 shares in the last quarter. Genesee Capital Advisors LLC lifted its position in shares of Canopy Growth by 29.9% during the 1st quarter. Genesee Capital Advisors LLC now owns 13,047 shares of the company’s stock worth $113,000 after buying an additional 3,000 shares in the last quarter. PCG Wealth Advisors LLC lifted its position in shares of Canopy Growth by 73.6% during the 1st quarter. PCG Wealth Advisors LLC now owns 31,363 shares of the company’s stock worth $271,000 after buying an additional 13,300 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of Canopy Growth in the 1st quarter worth approximately $289,000. Finally, Gainplan LLC bought a new stake in shares of Canopy Growth in the 1st quarter worth approximately $302,000. Institutional investors own 3.33% of the company’s stock.

About Canopy Growth

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products.