Grove Collaborative Holdings, Inc. (NYSE:GROV – Get Rating) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 1,560,000 shares, a decline of 11.4% from the December 31st total of 1,760,000 shares. Based on an average daily volume of 1,450,000 shares, the short-interest ratio is presently 1.1 days. Currently, 2.9% of the shares of the company are sold short.
Analyst Upgrades and Downgrades
GROV has been the topic of several research reports. Telsey Advisory Group reduced their price target on shares of Grove Collaborative from $10.00 to $5.00 and set an "outperform" rating on the stock in a research report on Friday, November 4th. Canaccord Genuity Group assumed coverage on shares of Grove Collaborative in a research note on Thursday, November 17th. They issued a "buy" rating and a $2.00 price target on the stock. Finally, Canaccord Genuity Group assumed coverage on shares of Grove Collaborative in a research note on Wednesday, November 16th. They issued a "buy" rating on the stock.
Get
Grove Collaborative alerts:
Grove Collaborative Trading Up 3.4 %
Shares of GROV traded up $0.01 during mid-day trading on Tuesday, reaching $0.45. 541,647 shares of the company's stock were exchanged, compared to its average volume of 978,352. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.19 and a current ratio of 1.79. The business's fifty day simple moving average is $0.49 and its 200-day simple moving average is $2.44. Grove Collaborative has a 52-week low of $0.18 and a 52-week high of $12.50.
Grove Collaborative (NYSE:GROV – Get Rating) last posted its quarterly earnings data on Thursday, November 10th. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $77.73 million during the quarter, compared to analysts' expectations of $69.70 million.
Insider Activity at Grove Collaborative
In other Grove Collaborative news, major shareholder Sculptor Capital Management, I sold 72,000 shares of the company's stock in a transaction on Friday, November 11th. The shares were sold at an average price of $1.22, for a total transaction of $87,840.00. Following the completion of the transaction, the insider now directly owns 9,066,768 shares in the company, valued at $11,061,456.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Grove Collaborative news, major shareholder Sculptor Capital Management, I sold 72,000 shares of the company's stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $1.22, for a total value of $87,840.00. Following the transaction, the insider now owns 9,066,768 shares of the company's stock, valued at $11,061,456.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John B. Replogle purchased 125,000 shares of Grove Collaborative stock in a transaction dated Tuesday, November 22nd. The shares were acquired at an average cost of $0.83 per share, for a total transaction of $103,750.00. Following the transaction, the director now directly owns 484,274 shares of the company's stock, valued at approximately $401,947.42. The disclosure for this purchase can be found here. Insiders sold a total of 218,332 shares of company stock worth $197,814 in the last three months. Company insiders own 15.92% of the company's stock.
Hedge Funds Weigh In On Grove Collaborative
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp acquired a new stake in Grove Collaborative in the third quarter valued at $85,000. Vanguard Group Inc. acquired a new stake in Grove Collaborative in the third quarter valued at $1,195,000. Bank of New York Mellon Corp acquired a new stake in Grove Collaborative in the third quarter valued at $35,000. Bayesian Capital Management LP acquired a new stake in Grove Collaborative in the third quarter valued at $28,000. Finally, Board of Trustees of The Leland Stanford Junior University lifted its holdings in Grove Collaborative by 50.0% in the third quarter. Board of Trustees of The Leland Stanford Junior University now owns 88,203 shares of the company's stock valued at $198,000 after acquiring an additional 29,401 shares during the period. 46.51% of the stock is currently owned by hedge funds and other institutional investors.
About Grove Collaborative
(Get Rating)
Grove Collaborative Holdings, Inc operates as a plastic neutral consumer products retailer in the United States. It provides cleaning essentials, such as kitchen and bathroom cleaning products, household cleaners, hand and dish soaps, paper products, and laundry care products; home and pantry products, including home fragrances, bedding and bath products, cookware and dinnerware, and pest control products, as well as trash, recycling, and compost bags; and clean beauty, haircare, skincare, oral care, period care, and kids and personal care products.
Read More
- Get a free copy of the StockNews.com research report on Grove Collaborative (GROV)
- Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
- Dividend King Sysco: Buying On The Dip
- Is the 1,600% Rise in Genius Group Stock Justified?
- After Further Review, Investors Liked Exxon Mobil's Earnings
- Will Caterpillar Dig Its Way To Another Buying Opportunity?
Receive News & Ratings for Grove Collaborative Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grove Collaborative and related companies with MarketBeat.com's FREE daily email newsletter.
