Grove Collaborative (GROV) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Grove Collaborative in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GROV shares.
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2 equities research analysts have issued 1-year target prices for Grove Collaborative's stock. Their GROV share price forecasts range from $3.50 to $10.00. On average, they expect the company's share price to reach $6.75 in the next year. This suggests a possible upside of 141.9% from the stock's current price.
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Grove Collaborative's stock was trading at $1.9950 at the start of the year. Since then, GROV stock has increased by 39.8% and is now trading at $2.79.
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Grove Collaborative saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,300,000 shares, a decline of 13.3% from the August 15th total of 1,500,000 shares. Based on an average daily volume of 279,000 shares, the days-to-cover ratio is currently 4.7 days. Currently, 8.5% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
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Grove Collaborative Holdings, Inc. (NYSE:GROV) issued its earnings results on Monday, August, 14th. The company reported ($0.32) EPS for the quarter. The firm had revenue of $66.11 million for the quarter, compared to analyst estimates of $61.40 million. Grove Collaborative had a negative net margin of 10.00% and a negative trailing twelve-month return on equity of 161.58%.

Shares of Grove Collaborative reverse split 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 market closes 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 updated its FY 2023 earnings guidance on Monday, August, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $260.00 million-$270.00 million, compared to the consensus revenue estimate of $267.80 million.

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

Grove Collaborative's stock is owned by a number of institutional and retail investors. Top institutional investors include NVP Associates LLC (8.23%), General Atlantic L.P. (2.62%), Glynn Capital Management LLC (1.86%), Inherent Group LP (1.12%), Geode Capital Management LLC (0.54%) and Northern Trust Corp (0.09%). Insiders that own company stock include Christopher Clark, David A Glazer, John B Replogle, Kevin Michael Cleary, Sculptor Capital Management, I, Stuart Landesberg and Xv A Cayman Islands Mayfield.
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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 $2.79.

Grove Collaborative (NYSE:GROV) has a market capitalization of $103.65 million and generates $289.44 million in revenue each year. The company earns $-87,710,000.00 in net income (profit) each year or ($0.87) 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.