Grove Collaborative (NYSE:GROV – Get Free Report) had its price objective cut by equities researchers at Telsey Advisory Group from $3.00 to $2.00 in a note issued to investors on Friday, Marketbeat Ratings reports. The firm presently has an “outperform” rating on the stock. Telsey Advisory Group’s target price indicates a potential upside of 49.25% from the stock’s previous close.
Grove Collaborative Stock Performance
Shares of GROV stock traded down $0.09 on Friday, hitting $1.34. The company had a trading volume of 88,628 shares, compared to its average volume of 75,446. The firm has a market cap of $51.16 million, a P/E ratio of -1.34 and a beta of 0.97. The company has a 50-day moving average price of $1.58 and a 200-day moving average price of $1.66. The company has a quick ratio of 2.92, a current ratio of 4.01 and a debt-to-equity ratio of 9.65. Grove Collaborative has a twelve month low of $1.19 and a twelve month high of $3.81.
Grove Collaborative (NYSE:GROV – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.28) earnings per share (EPS) for the quarter. The company had revenue of $52.10 million during the quarter, compared to analyst estimates of $52.80 million. Grove Collaborative had a negative net margin of 13.91% and a negative return on equity of 228.87%.
Hedge Funds Weigh In On Grove Collaborative
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.
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