5 Best Vertical Farming and Hydroponic Stocks to Buy

2. Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM)

Number of Hedge Fund Holders: 10

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) manufactures and distributes controlled environment agriculture equipment and supplies for the vertical farming segment. It is based in Shoemakersville, Pennsylvania.

Analysts have placed an average price target of $1.90 on Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) shares. The stock was trading at $1.42 on May 1. This gives the stock an upside potential of 33.80%.

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) was found among the 13F holdings of 10 hedge funds in the fourth quarter. Their total stake value was $3.4 million.

Baron Funds, an asset management firm, mentioned Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) in its fourth-quarter 2021 investor letter. Here’s what the firm said:

“Our top 10 holdings represented 25.6% of the Fund’s net assets at the end of the fourth quarter. This is in line with historical weightings. Cash at the end of the quarter was 3.4%, which is in line with our low to mid-singledigit targeted levels. We exited our position in Hydrofarm Holdings Group, Inc. as we felt the macro headwinds the company was facing in its end-markets were both challenging and worsening.