Grove Collaborative (NYSE:GROV) Earns “Outperform” Rating from 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. They currently have a $2.00 price objective on the stock.

Grove Collaborative Price Performance

Grove Collaborative stock opened at $1.29 on Wednesday. The company has a fifty day simple moving average of $1.34 and a 200-day simple moving average of $1.46. Grove Collaborative has a 12-month low of $1.19 and a 12-month high of $2.49. The company has a quick ratio of 2.92, a current ratio of 2.07 and a debt-to-equity ratio of 14.58.

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 stake in Grove Collaborative Holdings, Inc. (NYSE:GROV) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 21,700 shares of the company’s stock, valued at approximately $38,000. Renaissance Technologies LLC owned about 0.06% of Grove Collaborative at the end of the most recent reporting period. 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.