Grove Collaborative (NYSE:GROV) Director Purchases $15,779.92 in Stock

Grove Collaborative Holdings, Inc. (NYSE:GROV) Director Stuart Landesberg acquired 15,173 shares of Grove Collaborative stock in a transaction on Friday, September 11th. The shares were purchased at an average price of $1.04 per share, for a total transaction of $15,779.92. Following the completion of the purchase, the director directly owned 1,688,908 shares of the company’s stock, valued at approximately $1,756,464.32. This represents a 0.91% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Stuart Landesberg also recently made the following trade(s):

• On Thursday, September 10th, Stuart Landesberg bought 1,884 shares of Grove Collaborative stock. The stock was purchased at an average price of $1.05 per share, with a total value of $1,978.20.
• On Wednesday, September 9th, Stuart Landesberg bought 2,943 shares of Grove Collaborative stock. The stock was purchased at an average price of $1.05 per share, with a total value of $3,090.15.
• On Friday, September 4th, Stuart Landesberg purchased 241 shares of Grove Collaborative stock. The shares were purchased at an average cost of $1.03 per share, with a total value of $248.23.
• On Wednesday, September 2nd, Stuart Landesberg purchased 5,384 shares of Grove Collaborative stock. The shares were purchased at an average price of $1.03 per share, for a total transaction of $5,545.52.

Grove Collaborative Price Performance

Shares of NYSE:GROV opened at $1.05 on Friday. The company’s 50 day simple moving average is $1.06 and its 200 day simple moving average is $1.18. The stock has a market capitalization of $45.05 million, a price-to-earnings ratio of -5.55 and a beta of 1.03. Grove Collaborative Holdings, Inc. has a 1 year low of $0.86 and a 1 year high of $1.57.

Grove Collaborative (NYSE:GROV) last released its earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. The business had revenue of $36.57 million for the quarter, compared to the consensus estimate of $36.70 million.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Grove Collaborative from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Grove Collaborative currently has an average rating of “Hold” and a consensus target price of $2.00.

About Grove Collaborative

Grove Collaborative is a consumer products and e-commerce company focused on household, personal care and wellness products. Through its online platform, the company offers items such as cleaning supplies, laundry products, personal care goods, beauty products, reusable home essentials and other everyday consumer products.

Grove sells products under its own brands, including Grove Co, as well as products from selected third-party brands. Its product assortment emphasizes plant-based ingredients, reduced packaging, reusable formats and other sustainability-oriented features.