Streetbeat News

GROV

Grove Collaborative Holdings, Inc.

https://www.grove.co

Industry

Household & Personal Products

Grove Collaborative Holdings, Inc. operates as a plastic neutral consumer products retailer in the United States. It provides household cleaning, personal care, laundry, clean beauty, baby, and pet care products for households. The company is based in San Francisco, California.

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Portfolio Pulse from Benzinga Insights

October 18, 2024 | 4:31 pm

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Portfolio Pulse from Benzinga Insights

October 15, 2024 | 12:08 pm

Grove Collaborative Holdings shares rose following a $15 million investment from Volition Capital.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:31 pm

Grove Collaborative has received a $15 million investment from Volition Capital, increasing Volition's total investment to $25 million. Grove plans to use part of this investment to pay off $30 million of its outstanding term debt.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:27 pm

Telsey Advisory Group has maintained an Outperform rating on Grove Collaborative Holdings (NYSE:GROV) but has lowered the price target from $3 to $2.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 9:05 pm

Grove has revised its FY24 net revenue outlook downwards from $215M-$225M to $205M-$215M, which is below the estimated $219.868M. However, the company has increased its adjusted EBITDA margin forecast to 0.5%-1.5% from the previous 0%-1.0%.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:54 pm

Grove Collaborative Holdings (NYSE:GROV) reported Q2 2024 GAAP EPS of $(0.28), missing the $(0.15) estimate by 86.67%. Sales were $52.099M, missing the $53.007M estimate by 1.71% and down 21.19% from last year's $66.106M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:29 pm

The article highlights recent insider transactions for three penny stocks: Grove Collaborative Holdings, Fresh Tracks Therapeutics, and Monopar Therapeutics. Insider buying can indicate confidence in the company's prospects.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 11:41 am

Grove Collaborative has reaffirmed its FY24 revenue guidance of $215M-$225M, aligning with estimates of $221.889M. The company remains optimistic about achieving sequential revenue growth in the second half of the year and expects to report positive Adjusted EBITDA for the full fiscal year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:41 pm

Grove Collaborative Holdings (GROV) reported Q1 EPS of $(0.10), surpassing the $(0.16) estimate, marking a 37.5% beat and a significant improvement from last year's $(0.39) per share. However, Q1 sales of $53.55M fell short of the $54.09M estimate, a 1.01% miss and a 25.18% decrease from the previous year's $71.56M.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:14 pm

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