Telsey Advisory Reaffirms Their Buy Rating on Grove Collaborative Holdings (GROV)

In a report released on November 4, Dana Telsey from Telsey Advisory maintained a Buy rating on Grove Collaborative Holdings (GROVResearch Report), with a price target of $5.00. The company’s shares closed yesterday at $1.20.

According to TipRanks, Telsey is an analyst with an average return of -7.3% and a 35.24% success rate. Telsey covers the Consumer Goods sector, focusing on stocks such as Warby Parker, American Eagle, and G-III Apparel Group.

Grove Collaborative Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $5.00.

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GROV market cap is currently $211M and has a P/E ratio of -0.83.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GROV in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Virgin Group Acquisition Corp II is a blank check company.

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