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

Telsey Advisory Group reaffirmed their outperform rating on shares of Grove Collaborative (NYSE:GROV) in a research note published on Wednesday morning,Benzinga reports. The firm currently has a $2.00 price objective on the stock.

Grove Collaborative Stock Down 2.1 %

Shares of NYSE GROV opened at $1.63 on Wednesday. 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 $2.00. The firm has a market capitalization of $63.31 million, a PE ratio of -2.36 and a beta of 1.04. The firm has a fifty day simple moving average of $1.54 and a two-hundred day simple moving average of $1.43.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. General Atlantic L.P. increased its stake in shares of Grove Collaborative by 164.4% in the 4th quarter. General Atlantic L.P. now owns 2,474,859 shares of the company’s stock worth $3,440,000 after acquiring an additional 1,538,839 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Grove Collaborative by 14.4% in the 4th quarter. Geode Capital Management LLC now owns 208,755 shares of the company’s stock worth $290,000 after acquiring an additional 26,231 shares in the last quarter. Northern Trust Corp increased its stake in shares of Grove Collaborative by 54.1% in the 4th quarter. Northern Trust Corp now owns 96,471 shares of the company’s stock worth $134,000 after acquiring an additional 33,850 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Grove Collaborative by 35.5% in the 4th quarter. Renaissance Technologies LLC now owns 43,500 shares of the company’s stock worth $60,000 after acquiring an additional 11,400 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Grove Collaborative by 93.7% in the 4th quarter. Millennium Management LLC now owns 24,333 shares of the company’s stock worth $34,000 after acquiring an additional 11,768 shares in the last quarter. 91.64% of the stock is currently 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.