Jeffrey Michael Yurcisin Buys 15,000 Shares of Grove Collaborative Holdings, Inc. (NYSE:GROV) Stock

Grove Collaborative Holdings, Inc. (NYSE:GROV - Get Free Report) CEO Jeffrey Michael Yurcisin purchased 15,000 shares of the stock in a transaction on Friday, May 23rd. The shares were purchased at an average cost of $1.26 per share, with a total value of $18,900.00. Following the transaction, the chief executive officer now owns 317,307 shares of the company's stock, valued at $399,806.82. This trade represents a 4.96% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, May 27th, Jeffrey Michael Yurcisin acquired 10,000 shares of Grove Collaborative stock. The shares were bought at an average price of $1.36 per share, for a total transaction of $13,600.00.
• On Wednesday, May 21st, Jeffrey Michael Yurcisin acquired 8,900 shares of Grove Collaborative stock. The shares were bought at an average price of $1.19 per share, for a total transaction of $10,591.00.
• On Thursday, May 22nd, Jeffrey Michael Yurcisin acquired 8,500 shares of Grove Collaborative stock. The shares were bought at an average price of $1.18 per share, for a total transaction of $10,030.00.
• On Tuesday, May 20th, Jeffrey Michael Yurcisin acquired 8,795 shares of Grove Collaborative stock. The shares were bought at an average price of $1.13 per share, for a total transaction of $9,938.35.

Grove Collaborative Stock Up 3.8%

Shares of GROV traded up $0.05 during trading on Friday, reaching $1.37. The company's stock had a trading volume of 36,394 shares, compared to its average volume of 107,279. The company has a fifty day moving average of $1.20 and a two-hundred day moving average of $1.40. Grove Collaborative Holdings, Inc. has a twelve month low of $1.02 and a twelve month high of $1.95. The company has a market cap of $55.01 million, a price-to-earnings ratio of -1.98 and a beta of 1.10. The company has a quick ratio of 1.45, a current ratio of 2.07 and a debt-to-equity ratio of 14.58.

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

Analysts Set New Price Targets

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

Institutional Trading of Grove Collaborative

Institutional investors and hedge funds have recently bought and sold shares of the company. General Atlantic L.P. raised its stake in Grove Collaborative by 164.4% during the fourth quarter. General Atlantic L.P. now owns 2,474,859 shares of the company's stock valued at $3,440,000 after buying an additional 1,538,839 shares in the last quarter. Renaissance Technologies LLC raised its stake in Grove Collaborative by 35.5% during the fourth quarter. Renaissance Technologies LLC now owns 43,500 shares of the company's stock valued at $60,000 after buying an additional 11,400 shares in the last quarter. Geode Capital Management LLC raised its stake in Grove Collaborative by 14.4% during the fourth quarter. Geode Capital Management LLC now owns 208,755 shares of the company's stock valued at $290,000 after buying an additional 26,231 shares in the last quarter. XTX Topco Ltd acquired a new stake in Grove Collaborative during the fourth quarter valued at approximately $33,000. Finally, Millennium Management LLC raised its stake in Grove Collaborative by 93.7% during the fourth quarter. Millennium Management LLC now owns 24,333 shares of the company's stock valued at $34,000 after buying an additional 11,768 shares in the last quarter. 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.