Grove Collaborative (NYSE:GROV) Price Target Raised to $2.00

Grove Collaborative (NYSE:GROV) had its price objective raised by Canaccord Genuity Group from $1.50 to $2.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 45.88% from the company’s current price.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Grove Collaborative in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $1.60.

Grove Collaborative Stock Down 0.7%

Shares of GROV traded down $0.01 during mid-day trading on Tuesday, hitting $1.37. The stock had a trading volume of 73,933 shares, compared to its average volume of 144,946. Grove Collaborative has a fifty-two week low of $1.02 and a fifty-two week high of $1.95. The company has a market cap of $56.23 million, a PE ratio of -2.37 and a beta of 1.20. The company’s fifty day simple moving average is $1.49 and its two-hundred day simple moving average is $1.37.

Institutional Investors Weigh In On Grove Collaborative

A hedge fund recently raised its stake in Grove Collaborative stock. Vanguard Group Inc. increased its holdings in Grove Collaborative Holdings, Inc. (NYSE:GROV) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,069,804 shares of the company’s stock after purchasing an additional 61,028 shares during the quarter. Vanguard Group Inc. owned 2.61% of Grove Collaborative worth $1,605,000 at the end of the most recent quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

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.