Grove Collaborative (NYSE:GROV) Earns “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Grove Collaborative (NYSE:GROV) in a report published on Wednesday morning,Benzinga reports. Telsey Advisory Group currently has a $2.00 price objective on the stock.

Grove Collaborative Price Performance

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

Institutional Trading of Grove Collaborative

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