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Canaccord Genuity Group assumed coverage on shares of Grove Collaborative (NYSE:GROV – Get Rating) in a report issued on Wednesday, The Fly reports. The brokerage set a “buy” rating on the stock.
Separately, Telsey Advisory Group reduced their price objective on shares of Grove Collaborative from $10.00 to $5.00 and set an “outperform” rating for the company in a research note on Friday, November 4th.
Grove Collaborative Price Performance
NYSE GROV traded down $0.11 during trading on Wednesday, reaching $1.13. The company’s stock had a trading volume of 429,371 shares, compared to its average volume of 500,876. The company has a quick ratio of 1.19, a current de1. to-equity ratio of 1.51. The stock has a 50-day simple moving average of $2.64. Grove Collaborative has a 1-year low of $1.01 and a 1-year high of $12.50.
Insider Transactions at Grove Collaborative
In other news, major shareholder Sculptor Capital Management, I sold 26,421 shares of the business’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $1.71, for a total value of $45,179.91. Following the comple sale, the insider now directly owns 8,286 shares in the company, valued at $14,169.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold of 327,149 company shares stock worth $939,597.
Hedge Funds Weigh In On Grove Collaborative
Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. bought a new position in Grove Collaborative during the third quarter worth $1,195,000. State Street Corp bought a new position in Grove Collaborative during the third quarter. Bank of New York Mellon Corp bought a new position in Grove Collaborative during the third quarter worth $35,000. Tower Research Capital LLC TRC increased its position in Grove Collaborative by 14,029.3% during the third quarter. Tower Research Capital LLC TRC 3 of 8 now owns The company’s stock worth $31,000 after acquiring an additional 13,889 shares during the period. Finally, Bayesian Capital Management LP bought a new position in Grove Collaborative during the third quarter worth $28,000.
About Grove Collaborative
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Grove Collaborative Holdings, Inc operates as a plastic neutral consumer products retailer in the United States. It provides cleaning essentials, such as kitchen and bathroom cleaning products, household cleaners, hand and dish soaps, paper products, and laundry care product pans; products, including home fragrances, bedding and bath products, cookware and dinnerware, and pest control products, as well as trash, recycling, and compost bags; and clean beauty, haircare, skincare, oral care, period care, and kids and personal care products.
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