Grove Collaborative (NYSE:GROV) Stock Price Down 6.9% - Should You Sell?

Key Points

• Grove Collaborative shares dropped 6.9% to $1.21 on Friday, with roughly 149,000 shares traded (a 53% increase versus average), leaving a market capitalization of about $50.8 million.
• Analyst coverage is mixed but cautious: MarketBeat's consensus is Hold with an average price target of $1.60, while Weiss Ratings reaffirmed a Sell (e+); coverage currently shows 1 Buy, 1 Hold and 1 Sell.
• In the latest quarter the company beat EPS estimates (‑$0.05 vs. ‑$0.09 expected) but slightly missed revenue ($42.41M vs. $42.86M), and remains unprofitable (P/E of -3.67); institutional ownership is high at 91.64%, with Vanguard modestly increasing its stake.

Grove Collaborative Holdings, Inc. (NYSE:GROV - Get Free Report) was down 6.9% during trading on Friday . The stock traded as low as $1.20 and last traded at $1.21. Approximately 148,966 shares were traded during mid-day trading, an increase of 53% from the average daily volume of 97,389 shares. The stock had previously closed at $1.30.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Grove Collaborative in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $1.60.

Grove Collaborative Trading Down 6.9%

The company has a fifty day moving average of $1.40 and a 200-day moving average of $1.38. The company has a market capitalization of $50.84 million, a price-to-earnings ratio of -3.67 and a beta of 1.22.

Grove Collaborative (NYSE:GROV - Get Free Report) last announced its earnings results on Thursday, March 5th. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.04. The firm had revenue of $42.41 million for the quarter, compared to analyst estimates of $42.86 million.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Grove Collaborative stock. Vanguard Group Inc. grew its holdings in shares of Grove Collaborative Holdings, Inc. (NYSE:GROV - Free Report) by 6.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,069,804 shares of the company's stock after purchasing an additional 61,028 shares during the quarter. Vanguard Group Inc. owned approximately 2.61% of Grove Collaborative worth $1,605,000 at the end of the most recent quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Grove Collaborative Company Profile

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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