Grove Collaborative (NYSE:GROV) Given Outperform Rating at Telsey Advisory Group

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

Grove Collaborative Stock Performance

GROV opened at $1.63 on Tuesday. The firm has a market capitalization of $63.31 million, a PE ratio of -2.36 and a beta of 1.09. Grove Collaborative has a twelve month low of $1.19 and a twelve month high of $2.44. The firm’s 50-day moving average price is $1.51 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.

Hedge Funds Weigh In On Grove Collaborative

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in Grove Collaborative by 5.3% during the third quarter. Geode Capital Management LLC now owns 182,524 shares of the company’s stock worth $246,000 after acquiring an additional 9,114 shares during the last quarter. Millennium Management LLC boosted its holdings in Grove Collaborative by 93.7% in the 4th quarter. Millennium Management LLC now owns 24,333 shares of the company’s stock valued at $34,000 after purchasing an additional 11,768 shares during the last quarter. Northern Trust Corp boosted its holdings in Grove Collaborative by 54.1% in the 4th quarter. Northern Trust Corp now owns 96,471 shares of the company’s stock valued at $134,000 after purchasing an additional 33,850 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Grove Collaborative by 35.5% in the 4th quarter. Renaissance Technologies LLC now owns 43,500 shares of the company’s stock valued at $60,000 after purchasing an additional 11,400 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Grove Collaborative in the 4th quarter valued at about $33,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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.