Grove Collaborative (GROV) Stock Forecast, Price & News

3 Wall Street 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 analysts is that investors should "buy" GROV shares.
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3 Wall Street analysts have issued 1 year target prices for Grove Collaborative's shares. Their GROV share price forecasts range from $2.00 to $3.00. On average, they expect the company's stock price to reach $2.50 in the next year. This suggests a possible upside of 461.7% from the stock's current price.
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Grove Collaborative's stock was trading at $0.3990 at the beginning of the year. Since then, GROV shares have increased by 11.6% and is now trading at $0.4451.
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Grove Collaborative saw a decline in short interest during the month of 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 trading volume, of 651,100 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.5% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
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Grove Collaborative Holdings, Inc. (NYSE:GROV) announced its quarterly earnings results on Tuesday, March, 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. The business earned $74.04 million during the quarter, compared to analysts' expectations of $69.80 million. Grove Collaborative had a negative net margin of 17.65% and a negative trailing twelve-month return on equity of 423.09%.

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 will be 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 updated its FY 2023 earnings guidance on Friday, May, 12th. 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 $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 many different retail and institutional investors. Top institutional investors 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 $0.45.

Grove Collaborative (NYSE:GROV) has a market capitalization of $79.56 million and generates $321.53 million in revenue each year. The company earns $-87,710,000.00 in net income (profit) each year or ($1.17) 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.