Grove Collaborative (GROV) Stock Forecast, Price & News

2 Wall Street equities research 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 equities research analysts is that investors should "buy" GROV shares.
View GROV analyst ratings or view top-rated stocks.

2 analysts have issued 12-month target prices for Grove Collaborative's shares. Their GROV share price forecasts range from $3.50 to $10.00. On average, they predict the company's stock price to reach $6.75 in the next twelve months. This suggests a possible upside of 153.8% 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 the year. Since then, GROV shares have increased by 33.3% and is now trading at $2.66.
View the best growth stocks for 2023 here.

Grove Collaborative saw a decrease in short interest in August. As of August 31st, there was short interest totaling 1,300,000 shares, a decrease of 13.3% from the August 15th total of 1,500,000 shares. Based on an average daily trading volume, of 279,000 shares, the short-interest ratio is currently 4.7 days. Approximately 8.5% of the shares of the stock are sold short.
View Grove Collaborative's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our GROV earnings forecast.

Grove Collaborative Holdings, Inc. (NYSE:GROV) posted its quarterly earnings data on Monday, August, 14th. The company reported ($0.32) earnings per share for the quarter. The firm earned $66.11 million during the quarter, compared to analyst estimates of $61.40 million. Grove Collaborative had a negative trailing twelve-month return on equity of 161.58% and a negative net margin of 10.00%.

Shares of Grove Collaborative reverse split on the morning of 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."

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.
Compare Top Brokerages Here.

One share of GROV stock can currently be purchased for approximately $2.66.

Grove Collaborative (NYSE:GROV) has a market capitalization of $98.82 million and generates $321.53 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.