Grove Collaborative (NYSE:GROV) Trading Down 1.5% - What's Next?

Grove Collaborative Holdings, Inc. (NYSE:GROV - Get Free Report)'s stock price dropped 1.5% during mid-day trading on Thursday . The company traded as low as $1.32 and last traded at $1.33. Approximately 35,641 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 75,272 shares. The stock had previously closed at $1.35.Get Grove Collaborative alerts:Analyst Ratings ChangesGROV has been the subject of a number of analyst reports. Canaccord Genuity Group upped their price objective on Grove Collaborative from $1.50 to $2.00 and gave the stock a "buy" rating in a research note on Tuesday, November 11th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Grove Collaborative in a report on Monday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $1.60.Get Our Latest Report on Grove CollaborativeGrove Collaborative Stock PerformanceThe company has a 50 day moving average of $1.43 and a two-hundred day moving average of $1.40. The stock has a market capitalization of $55.05 million, a PE ratio of -2.15 and a beta of 1.19. Grove Collaborative (NYSE:GROV - Get Free Report) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.14) by $0.06. The business had revenue of $43.73 million during the quarter, compared to analysts' expectations of $44.60 million. Institutional Trading of Grove CollaborativeA hedge fund recently raised its stake in Grove Collaborative stock. Susquehanna International Group LLP grew its stake in Grove Collaborative Holdings, Inc. (NYSE:GROV - Free Report) by 371.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,637 shares of the company's stock after buying an additional 53,283 shares during the period. Susquehanna International Group LLP owned 0.16% of Grove Collaborative worth $101,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 91.64% of the company's stock. About Grove Collaborative (Get Free Report)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.Read MoreFive stocks we like better than Grove CollaborativeWhat is a Low P/E Ratio and What Does it Tell Investors?The Trade Desk: After a 70% Plunge, This Could Be The Time to BuyWhat Investors Must Know About Over-the-Counter (OTC) StocksTap Into 2026 AI Infrastructure Gains With This High-Growth ETFHow to trade using analyst ratingsStrong Quarter, Weak Reaction: Why GitLab Shares DroppedThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Grove Collaborative Right Now?Before you consider Grove Collaborative, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grove Collaborative wasn't on the list.While Grove Collaborative currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here