Grove Collaborative (NYSE:GROV) Receives “Outperform” Rating from Telsey Advisory Group

Grove Collaborative (NYSE:GROV)‘s stock had its “outperform” rating reissued by equities researchers at Telsey Advisory Group in a note issued to investors on Wednesday,Benzinga reports. They currently have a $2.00 price objective on the stock. Telsey Advisory Group’s target price points to a potential upside of 50.94% from the stock’s previous close.

Grove Collaborative Stock Down 1.1 %

NYSE GROV opened at $1.33 on Wednesday. The firm has a 50-day simple moving average of $1.34 and a 200 day simple moving average of $1.46. The company has a debt-to-equity ratio of 107.00, a quick ratio of 2.92 and a current ratio of 3.88. The stock has a market cap of $51.62 million, a PE ratio of -2.09 and a beta of 0.97. Grove Collaborative has a twelve month low of $1.19 and a twelve month high of $2.49.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Grove Collaborative stock. Renaissance Technologies LLC acquired a new stake in shares of Grove Collaborative Holdings, Inc. (NYSE:GROV) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,700 shares of the company’s stock, valued at approximately $38,000. Renaissance Technologies LLC owned approximately 0.06% of Grove Collaborative at the end of the most recent quarter. 91.64% of the stock is currently owned by institutional investors.

Grove Collaborative Company Profile

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.