Grove Collaborative Holdings, Inc. (NYSE:GROV) CEO Purchases $13,600.00 in Stock

Grove Collaborative Holdings, Inc. (NYSE:GROV - Get Free Report) CEO Jeffrey Michael Yurcisin acquired 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average price of $1.36 per share, with a total value of $13,600.00. Following the completion of the acquisition, the chief executive officer now owns 327,307 shares of the company's stock, valued at $445,137.52. This represents a 3.15% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jeffrey Michael Yurcisin also recently made the following trade(s):

• On Friday, May 23rd, Jeffrey Michael Yurcisin purchased 15,000 shares of Grove Collaborative stock. The shares were bought at an average cost of $1.26 per share, with a total value of $18,900.00.
• On Wednesday, May 21st, Jeffrey Michael Yurcisin acquired 8,900 shares of Grove Collaborative stock. The stock was acquired at an average cost of $1.19 per share, with a total value of $10,591.00.
• On Thursday, May 22nd, Jeffrey Michael Yurcisin acquired 8,500 shares of Grove Collaborative stock. The stock was acquired at an average cost of $1.18 per share, with a total value of $10,030.00.
• On Tuesday, May 20th, Jeffrey Michael Yurcisin acquired 8,795 shares of Grove Collaborative stock. The stock was acquired at an average cost of $1.13 per share, with a total value of $9,938.35.

Grove Collaborative Stock Performance

NYSE:GROV traded up $0.05 during mid-day trading on Friday, hitting $1.37. 117,601 shares of the stock were exchanged, compared to its average volume of 107,645. The stock has a market capitalization of $55.24 million, a price-to-earnings ratio of -1.99 and a beta of 1.10. The firm's 50-day simple moving average is $1.20 and its 200 day simple moving average is $1.40. The company has a debt-to-equity ratio of 14.58, a quick ratio of 1.45 and a current ratio of 2.07. Grove Collaborative Holdings, Inc. has a fifty-two week low of $1.02 and a fifty-two week high of $1.95.

Grove Collaborative (NYSE:GROV - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). Grove Collaborative had a negative return on equity of 417.96% and a negative net margin of 11.35%. The firm had revenue of $43.55 million for the quarter, compared to analyst estimates of $47.01 million.

Hedge Funds Weigh In On Grove Collaborative

Hedge funds and other institutional investors have recently modified their holdings of the business. XTX Topco Ltd acquired a new position in shares of Grove Collaborative in the 4th quarter valued at about $33,000. Millennium Management LLC increased its holdings in Grove Collaborative by 93.7% during the 4th quarter. Millennium Management LLC now owns 24,333 shares of the company's stock worth $34,000 after purchasing an additional 11,768 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Grove Collaborative by 35.5% during the 4th quarter. Renaissance Technologies LLC now owns 43,500 shares of the company's stock worth $60,000 after purchasing an additional 11,400 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Grove Collaborative by 54.1% in the fourth quarter. Northern Trust Corp now owns 96,471 shares of the company's stock valued at $134,000 after acquiring an additional 33,850 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Grove Collaborative by 14.4% in the fourth quarter. Geode Capital Management LLC now owns 208,755 shares of the company's stock valued at $290,000 after acquiring an additional 26,231 shares in the last quarter. Institutional investors own 91.64% of the company's stock.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $1.20 price objective (down from $2.00) on shares of Grove Collaborative in a research report on Thursday, May 15th.

Grove Collaborative Company Profile

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.