Stuart Landesberg Purchases 15,173 Shares of Grove Collaborative (NYSE:GROV) Stock

Grove Collaborative Holdings, Inc. (NYSE:GROV) Director Stuart Landesberg purchased 15,173 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were acquired at an average cost of $1.04 per share, for a total transaction of $15,779.92. Following the transaction, the director owned 1,688,908 shares of the company’s stock, valued at $1,756,464.32. This trade represents a 0.91% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Stuart Landesberg also recently made the following trade(s):

• On Thursday, September 10th, Stuart Landesberg acquired 1,884 shares of Grove Collaborative stock. The shares were acquired at an average price of $1.05 per share, for a total transaction of $1,978.20.
• On Wednesday, September 9th, Stuart Landesberg acquired 2,943 shares of Grove Collaborative stock. The stock was acquired at an average price of $1.05 per share, with a total value of $3,090.15.
• On Friday, September 4th, Stuart Landesberg bought 241 shares of Grove Collaborative stock. The shares were acquired at an average cost of $1.03 per share, with a total value of $248.23.
• On Wednesday, September 2nd, Stuart Landesberg bought 5,384 shares of Grove Collaborative stock. The shares were bought at an average price of $1.03 per share, for a total transaction of $5,545.52.

Grove Collaborative Price Performance

GROV traded down $0.02 during trading on Tuesday, reaching $1.00. The company had a trading volume of 23,348 shares, compared to its average volume of 64,796. Grove Collaborative Holdings, Inc. has a 12 month low of $0.86 and a 12 month high of $1.57. The business’s fifty day moving average price is $1.07 and its 200 day moving average price is $1.19. The company has a market cap of $42.57 million, a P/E ratio of -5.29 and a beta of 1.03.

Grove Collaborative (NYSE:GROV) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. The company had revenue of $36.57 million for the quarter, compared to the consensus estimate of $36.70 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Grove Collaborative from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Grove Collaborative has an average rating of “Hold” and a consensus price target of $2.00.

Grove Collaborative Company Profile

Grove Collaborative is a direct-to-consumer digital marketplace offering a broad assortment of sustainable home and personal care products. Operating as a public benefit corporation, the company provides an online platform designed to simplify the shopping experience for eco-friendly essentials, including cleaning supplies, personal care items, baby and family products, wellness goods and pet care.

The company’s business model centers on a subscription-based delivery service that enables members to schedule regular shipments of both third-party and private-label products.