Grove Collaborative’s (GROV) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Grove Collaborative (NYSE:GROV) in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a $2.00 target price on the stock.

Grove Collaborative Stock Down 3.0 %

NYSE GROV opened at $1.29 on Wednesday. The company has a debt-to-equity ratio of 14.58, a current ratio of 2.07 and a quick ratio of 2.92. The stock’s fifty day moving average price is $1.34 and its 200 day moving average price is $1.46. Grove Collaborative has a 1 year low of $1.19 and a 1 year high of $2.49.

Institutional Trading of Grove Collaborative

A hedge fund recently bought a new stake in Grove Collaborative stock. Renaissance Technologies LLC purchased a new position in Grove Collaborative Holdings, Inc. (NYSE:GROV) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,700 shares of the company’s stock, valued at approximately $38,000. Renaissance Technologies LLC owned approximately 0.06% of Grove Collaborative as of its most recent SEC filing. Hedge funds and other 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.