Grove Collaborative’s (GROV) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Grove Collaborative (NYSE:GROV) in a research report released on Tuesday morning,Benzinga reports. They currently have a $2.00 target price on the stock.

Grove Collaborative Stock Down 0.9 %

GROV opened at $1.63 on Tuesday. The company has a market cap of $63.31 million, a P/E ratio of -2.36 and a beta of 1.04. The business’s 50-day moving average price is $1.53 and its 200-day moving average price is $1.42. The company has a current ratio of 2.07, a quick ratio of 1.45 and a debt-to-equity ratio of 14.58. Grove Collaborative has a 12 month low of $1.19 and a 12 month high of $2.24.

Institutional Trading of Grove Collaborative

Large investors have recently modified their holdings of the business. XTX Topco Ltd bought a new stake in shares of Grove Collaborative in the fourth quarter worth about $33,000. Millennium Management LLC grew its stake in shares of Grove Collaborative by 93.7% in the fourth quarter. Millennium Management LLC now owns 24,333 shares of the company’s stock worth $34,000 after purchasing an additional 11,768 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Grove Collaborative by 35.5% in the fourth quarter. Renaissance Technologies LLC now owns 43,500 shares of the company’s stock worth $60,000 after purchasing an additional 11,400 shares during the last quarter. Northern Trust Corp grew its stake in shares of Grove Collaborative by 54.1% in the fourth quarter. Northern Trust Corp now owns 96,471 shares of the company’s stock worth $134,000 after purchasing an additional 33,850 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Grove Collaborative by 5.3% in the third quarter. Geode Capital Management LLC now owns 182,524 shares of the company’s stock worth $246,000 after purchasing an additional 9,114 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

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.