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

Grove Collaborative (NYSE:GROV)‘s stock had its “outperform” rating reissued by equities researchers at Telsey Advisory Group in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $2.00 price objective on the stock. Telsey Advisory Group’s target price points to a potential upside of 21.21% from the company’s previous close.

Grove Collaborative Trading Up 1.9 %

Shares of GROV stock opened at $1.65 on Wednesday. The company’s 50-day moving average price is $1.55 and its 200-day moving average price is $1.43. The company has a current ratio of 2.07, a quick ratio of 1.45 and a debt-to-equity ratio of 14.58. The stock has a market cap of $64.29 million, a price-to-earnings ratio of -2.39 and a beta of 1.04. Grove Collaborative has a twelve month low of $1.19 and a twelve month high of $2.00.

Institutional Inflows and Outflows

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

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.