Renaissance Technologies LLC Makes New Investment in Grove Collaborative Holdings, Inc. (NYSE:GROV)

Renaissance Technologies LLC acquired a new position in shares of Grove Collaborative Holdings, Inc. (NYSE:GROV) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 21,700 shares of the company’s stock, valued at approximately $38,000.

Grove Collaborative Stock Down 1.6 %

Shares of GROV stock opened at $1.27 on Tuesday. Grove Collaborative Holdings, Inc. has a 1-year low of $1.19 and a 1-year high of $2.49. The stock’s fifty day moving average price is $1.33 and its 200 day moving average price is $1.50. The company has a debt-to-equity ratio of 107.00, a current ratio of 3.88 and a quick ratio of 2.92. The company has a market cap of $48.49 million, a price-to-earnings ratio of -1.27 and a beta of 0.98.

Grove Collaborative (NYSE:GROV) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.28) EPS for the quarter. Grove Collaborative had a negative return on equity of 372.20% and a negative net margin of 14.41%. The firm had revenue of $52.10 million for the quarter, compared to analyst estimates of $52.80 million.

Analyst Ratings Changes

Separately, Telsey Advisory Group cut their price target on Grove Collaborative from $3.00 to $2.00 and set an “outperform” rating on the stock in a report on Friday, August 9th.

Grove Collaborative Company Profile

Grove Collaborative Holdings, Inc operates as a plastic neutral consumer products retailer in the United States. It offers household, personal care, beauty, and other consumer products through retail channels, third parties, direct-to-consumer platform, and mobile applications, as well as online store.