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

Shares of Grove Collaborative Holdings, Inc. (NYSE:GROV) were up 3% during trading on Thursday . The stock traded as high as $1.39 and last traded at $1.36. Approximately 144,824 shares changed hands 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.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Canaccord Genuity Group decreased their price target on shares of Grove Collaborative from $3.00 to $1.50 and set a “buy” rating on the stock in a research note on Friday, August 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Grove Collaborative in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $1.35.

Grove Collaborative Trading Up 3.0%

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

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

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.