Key Points
- Insider buying: Director Stuart Landesberg purchased 15,173 Grove Collaborative shares at an average price of $1.04, investing $15,779.92 and increasing his holdings to 1,688,908 shares. He also made four additional purchases earlier in September.
- Stock performance and results: GROV opened at $1.00, with a market capitalization of approximately $42.87 million and a 52-week range of $0.86 to $1.57. The company reported a quarterly loss of $0.03 per share, better than the expected $0.06 loss, while revenue of $36.57 million was slightly below estimates.
- Analyst outlook: Grove has a consensus rating of “Hold” from two analysts, with one Buy and one Sell rating and an average price target of $2.00. Weiss Ratings downgraded the stock from “sell (d-)” to “sell (e+).”
Grove Collaborative Holdings, Inc. (NYSE:GROV - Get Free Report) Director Stuart Landesberg bought 15,173 shares of the stock in a transaction dated Friday, September 11th. The shares were bought at an average price of $1.04 per share, for a total transaction of $15,779.92. Following the completion of the acquisition, the director owned 1,688,908 shares in the company, valued at approximately $1,756,464.32. The trade was a 0.91% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Stuart Landesberg also recently made the following trade(s):
- On Thursday, September 10th, Stuart Landesberg purchased 1,884 shares of Grove Collaborative stock. The stock was bought at an average cost of $1.05 per share, with a total value of $1,978.20.
- On Wednesday, September 9th, Stuart Landesberg acquired 2,943 shares of Grove Collaborative stock. The shares were bought at an average price of $1.05 per share, for a total transaction of $3,090.15.
- On Friday, September 4th, Stuart Landesberg acquired 241 shares of Grove Collaborative stock. The shares were bought at an average cost of $1.03 per share, for a total transaction of $248.23.
- On Wednesday, September 2nd, Stuart Landesberg acquired 5,384 shares of Grove Collaborative stock. The shares were bought at an average cost of $1.03 per share, for a total transaction of $5,545.52.
Grove Collaborative Stock Down 1.6%
Shares of NYSE:GROV opened at $1.00 on Wednesday. Grove Collaborative Holdings, Inc. has a 52-week low of $0.86 and a 52-week high of $1.57. The stock has a market cap of $42.87 million, a P/E ratio of -5.28 and a beta of 1.03. The business has a fifty day moving average of $1.06 and a two-hundred day moving average of $1.19.
Grove Collaborative (NYSE:GROV - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.03. The company had revenue of $36.57 million for the quarter, compared to analysts' expectations of $36.70 million.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered shares of Grove Collaborative from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $2.00.
Check Out Our Latest Analysis on GROV
Grove Collaborative Company Profile
(
Get Free Report)
Grove Collaborative is a direct-to-consumer digital marketplace offering a broad assortment of sustainable home and personal care products. Operating as a public benefit corporation, the company provides an online platform designed to simplify the shopping experience for eco-friendly essentials, including cleaning supplies, personal care items, baby and family products, wellness goods and pet care.
The company's business model centers on a subscription-based delivery service that enables members to schedule regular shipments of both third-party and private-label products.
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