Grove Collaborative (GROV) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Grove Collaborative in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GROV shares.
View GROV analyst ratings or view top-rated stocks.

3 brokerages have issued 12-month price objectives for Grove Collaborative's shares. Their GROV share price forecasts range from $10.00 to $15.00. On average, they anticipate the company's stock price to reach $12.50 in the next twelve months. This suggests a possible upside of 598.3% from the stock's current price.
View analysts price targets for GROV or view top-rated stocks among Wall Street analysts.

Grove Collaborative's stock was trading at $1.9950 at the beginning of 2023. Since then, GROV stock has decreased by 10.3% and is now trading at $1.79.
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Grove Collaborative saw a decline in short interest in May. As of May 15th, there was short interest totaling 1,060,000 shares, a decline of 10.9% from the April 30th total of 1,190,000 shares. Based on an average daily volume of 651,100 shares, the short-interest ratio is currently 1.6 days. Currently, 1.5% of the company's stock are short sold.
View Grove Collaborative's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our GROV earnings forecast.

Grove Collaborative Holdings, Inc. (NYSE:GROV) released its earnings results on Tuesday, March, 14th. The company reported ($0.75) EPS for the quarter. The firm had revenue of $74.04 million for the quarter, compared to analyst estimates of $69.80 million. Grove Collaborative had a negative trailing twelve-month return on equity of 423.09% and a negative net margin of 17.65%.

Grove Collaborative's stock reverse split before market open on Tuesday, June 6th 2023. The 1-5 reverse split was announced on Tuesday, June 6th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, June 6th 2023. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

Grove Collaborative issued an update on its FY 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $260.00 million-$270.00 million, compared to the consensus revenue estimate of $268.21 million.

Grove Collaborative trades on the New York Stock Exchange (NYSE) under the ticker symbol "GROV."

Grove Collaborative's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Sculptor Capital LP (3.32%), StepStone Group LP (1.05%), Geode Capital Management LLC (0.36%), Fidelis Capital Partners LLC (0.09%), State Street Corp (0.07%) and Two Sigma Securities LLC (0.06%). Insiders that own company stock include Christopher Clark, David A Glazer, John B Replogle, Kevin Michael Cleary, Sculptor Capital Management, I and Stuart Landesberg.
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Shares of GROV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GROV stock can currently be purchased for approximately $1.79.

Grove Collaborative (NYSE:GROV) has a market capitalization of $63.99 million and generates $321.53 million in revenue each year. The company earns $-87,710,000.00 in net income (profit) each year or ($5.85) on an earnings per share basis.

Grove Collaborative's mailing address is 65 Bleecker Street 6th Floor, New York NY, 10012. The official website for the company is www.grove.co. The company can be reached via phone at 800-231-8527 or via email at ir@grove.co.