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Grove Collaborative Holdings, Inc. (NYSE:GROV) President and CEO Jeffrey Michael Yurcisin recently purchased 4,031 shares of the company’s Class A Common Stock, as disclosed in a June 10 SEC filing. The company, currently trading with a market capitalization of $50.7 million, has seen its stock decline about 18% over the past year. According to InvestingPro analysis, the company appears undervalued relative to its Fair Value. The shares were acquired at a weighted average price of $1.279, with the transaction amounting to a total of $5,155. Following this purchase, Yurcisin’s direct ownership in the company totals 366,007 shares. The transaction was executed in multiple trades with prices ranging from $1.27 to $1.28 per share. While the company maintains a healthy current ratio of 1.48 and operates with moderate debt levels, InvestingPro data reveals 8 additional key insights about Grove’s financial health and market position, available to subscribers.
In other recent news, Grove Collaborative Holdings Inc. reported a significant decline in its Q1 2025 revenue, which fell 18.7% year-over-year to $43.5 million. The company also experienced a 16% reduction in active customers, totaling 678,000, and a 20% decrease in total orders. Despite these challenges, Grove Collaborative is optimistic about future quarters, projecting revenue improvements and strategic growth initiatives. The company highlighted its focus on strategic acquisitions and platform migration as part of its growth strategy.
Financially, Grove Collaborative recorded an adjusted EBITDA of negative $1.6 million with a negative 3.7% margin. Cash and cash equivalents decreased to $13.5 million from $24.3 million in Q4 2024. Advertising spend increased to $2.8 million, up by $800,000 from the previous year, as the company focused on improving new customer acquisition strategies.
The company’s guidance indicates that Q1 is expected to be the lowest revenue quarter of 2025, with improvements projected for Q2 and Q3. Full-year 2025 revenue is anticipated to decline by mid-single to low double-digit percentages. Grove Collaborative’s CEO, Jeff Yerkeson, expressed optimism about the company’s transformation, citing improvements in customer acquisition metrics and platform capabilities.
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