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

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

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

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

Grove Collaborative Price Performance

NYSE:GROV opened at $1.00 on Wednesday. The company has a 50 day moving average price of $1.06 and a 200-day moving average price of $1.19. Grove Collaborative Holdings, Inc. has a 1-year low of $0.86 and a 1-year high of $1.57. The firm has a market cap of $42.87 million, a price-to-earnings ratio of -5.28 and a beta of 1.03.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Grove Collaborative from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 19th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Grove Collaborative currently has a consensus rating of “Hold” and a consensus price target of $2.00.

About Grove Collaborative

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.