Grove Collaborative (NYSE:GROV) Given “Outperform” Rating 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. Telsey Advisory Group currently has a $2.00 price objective on the stock.

Grove Collaborative Stock Performance

GROV opened at $1.34 on Wednesday. The stock has a market cap of $52.21 million, a P/E ratio of -1.94 and a beta of 0.97. The company has a debt-to-equity ratio of 107.00, a current ratio of 3.88 and a quick ratio of 2.92. The firm has a fifty day moving average price of $1.34 and a 200 day moving average price of $1.46. Grove Collaborative has a 1 year low of $1.19 and a 1 year high of $2.49.

Institutional Investors Weigh In On Grove Collaborative

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