Grove Collaborative (NYSE:GROV) Trading Up 3% – Should You Buy?

Grove Collaborative Holdings, Inc. (NYSE:GROV)’s share price rose 3% on Thursday . The company traded as high as $1.39 and last traded at $1.36. Approximately 144,824 shares were traded during mid-day trading, an increase of 60% from the average daily volume of 90,689 shares. The stock had previously closed at $1.32.

Analyst Upgrades and Downgrades

GROV has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Grove Collaborative in a research report on Wednesday, October 8th. Canaccord Genuity Group reduced their price target on Grove Collaborative from $3.00 to $1.50 and set a “buy” rating on the stock in a report on Friday, August 8th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $1.35.

Grove Collaborative Trading Up 3.0%

The company has a market cap of $55.77 million, a PE ratio of -2.34 and a beta of 1.21. The company’s 50 day moving average is $1.51 and its 200 day moving average is $1.36.

Grove Collaborative (NYSE:GROV) last issued its earnings results on Thursday, August 7th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The firm had revenue of $44.00 million for the quarter, compared to analyst estimates of $44.37 million.

About Grove Collaborative

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.