Gold prices steady ahead of Fed decision; weekly weakness noted
Jeffrey Yurcisin, President and CEO of Grove Collaborative Holdings, Inc. (NYSE:GROV), recently purchased shares of the company, according to a filing with the Securities and Exchange Commission. The insider purchase comes as the stock has experienced significant pressure, down over 34% in the past year according to InvestingPro data. On June 13, Yurcisin acquired 4,344 shares of Class A Common Stock at a weighted average price of approximately $1.15 per share. The total transaction amounted to $4,981. Following this purchase, Yurcisin now directly owns 371,920 shares of the company. The transaction was executed in multiple trades at prices ranging from $1.11 to $1.15 per share. With a current market capitalization of about $48 million and a gross profit margin of 53%, InvestingPro analysis suggests the stock is trading near its Fair Value. InvestingPro subscribers have access to 10 additional key insights about GROV, including detailed financial health metrics and growth projections.
In other recent news, Grove Collaborative Holdings Inc. reported a significant decline in its Q1 2025 financial results. The company’s revenue dropped 18.7% year-over-year to $43.5 million, with a notable 16% decrease in active customer count to 678,000. Despite the decline, the company remains optimistic about future quarters, projecting revenue improvements and strategic growth initiatives. Grove Collaborative is focusing on strategic acquisitions and platform improvements to drive future growth, having recently completed asset acquisitions of third-party brands Grab Green and Eat Greens. The firm also highlighted increased advertising spend, which rose by $800,000 to $2.8 million, aiming to bolster new customer acquisition. The company’s adjusted EBITDA was negative $1.6 million, reflecting a negative 3.7% margin. Analysts have noted the challenges posed by the company’s platform migration, which impacted order volume and revenue. Grove Collaborative expects Q1 to be the lowest revenue quarter of 2025, with improvements projected for the subsequent quarters.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.