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 note released on Wednesday,Benzinga reports. They currently have a $2.00 price target on the stock.

Grove Collaborative Stock Down 3.0 %

Shares of GROV opened at $1.29 on Wednesday. The stock has a 50 day moving average price of $1.34 and a 200 day moving average price of $1.46. Grove Collaborative has a one year low of $1.19 and a one year high of $2.49. The company has a current ratio of 2.07, a quick ratio of 2.92 and a debt-to-equity ratio of 14.58.

Hedge Funds Weigh In On Grove Collaborative

A hedge fund recently bought a new stake in Grove Collaborative stock. Renaissance Technologies LLC acquired a new stake in Grove Collaborative Holdings, Inc. (NYSE:GROV) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 21,700 shares of the company’s stock, valued at approximately $38,000. Renaissance Technologies LLC owned about 0.06% of Grove Collaborative at the end of the most recent quarter. Institutional investors own 91.64% of the company’s stock.

About Grove Collaborative

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.