Grove Collaborative Holdings, Inc. Price & Performance (GROV-WT)

Grove Collaborative Holdings has retired all Class B shares, consolidating its stock structure to only Class A and Preferred shares. The company, with a market cap near $49 million, aims to simplify governance and reduce authorized shares to 700 million. This move aligns with Grove’s ongoing cost-cutting and operational refocus.12

Grove Collaborative’s share price closed at $1.11, following recent gains but remains down over 20% for the month. Despite technical signals pointing to short-term weakness, analysts’ consensus targets suggest significant upside potential, with some forecasting a price as high as $2.50 in the coming months.34

Grove Collaborative has made notable progress by acquiring Grab Green and 8Greens, expanding its sustainable product portfolio. The company also repaid $72 million in term debt and reported positive operating cash flow, signaling a focus on financial stability and long-term growth after several challenging quarters.56