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.

Open

1.66

Mkt cap

67M

Volume

48K

High

1.69

P/E Ratio

-2.14

52-wk high

1.98

Low

1.61

Div yield

N/A

52-wk low

1.19

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

Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on Grove Collaborative Holdings (GROV) and maintained a $3 price target.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:29 pm

In Thursday's pre-market session, several consumer discretionary stocks showed notable movements. Grove Collaborative Holdings, Serve Robotics, Connexa Sports Techs, Visionary Holdings, and Mobileye Global were among the gainers, with Mobileye Global reporting a 6.87% increase following their Q1 earnings release. On the downside, Jakks Pacific, EpicQuest Education Group, MarineMax, Amesite, Massimo, and Genius Group experienced declines, with Jakks Pacific and MarineMax reporting their Q1 and Q2 earnings respectively.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 12:06 pm

In Wednesday's pre-market session, 11 consumer discretionary stocks showed significant movement. Notably, Sonder Holdings, Vision Marine, and Children's Place were among the top gainers, with increases of 18.2%, 16.43%, and 13.92% respectively. On the downside, Kaixin Holdings, Connexa Sports Technologies, and Allied Gaming led the losers, with declines of 8.3%, 7.15%, and 5.29% respectively. Vision Marine's rise followed its Q2 earnings report released two days prior.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 12:08 pm

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