Grove Collaborative (NYSE:GROV) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Grove Collaborative (NYSE:GROV) released its quarterly earnings results on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.06, FiscalAI reports. The firm had revenue of $43.73 million for the quarter, compared to the consensus estimate of $44.60 million. Grove Collaborative updated its FY 2025 guidance to EPS.

Grove Collaborative Stock Up 2.8%

NYSE:GROV traded up $0.04 on Friday, hitting $1.48. The stock had a trading volume of 42,435 shares, compared to its average volume of 144,101. Grove Collaborative has a 52 week low of $1.02 and a 52 week high of $1.95. The business’s fifty day moving average is $1.48 and its 200 day moving average is $1.38. The company has a market cap of $60.70 million, a PE ratio of -2.55 and a beta of 1.20.

Wall Street Analyst Weigh In

GROV has been the subject of a number of analyst reports. Canaccord Genuity Group lifted their target price on shares of Grove Collaborative from $1.50 to $2.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Grove Collaborative in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Grove Collaborative currently has an average rating of “Hold” and an average target price of $1.60.

Institutional Trading of Grove Collaborative

An institutional investor recently raised its position in Grove Collaborative stock. Vanguard Group Inc. grew its stake in shares of Grove Collaborative Holdings, Inc. (NYSE:GROV) by 6.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,069,804 shares of the company’s stock after purchasing an additional 61,028 shares during the period. Vanguard Group Inc. owned about 2.61% of Grove Collaborative worth $1,605,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 91.64% of the company’s stock.

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.