Shares of Rover Group, Inc. (NASDAQ:ROVR – Get Rating) have received a consensus recommendation of "Hold" from the eight brokerages that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $7.31.

A number of equities analysts have issued reports on ROVR shares. Morgan Stanley cut their price target on Rover Group from $6.00 to $4.50 and set an "equal weight" rating for the company in a research note on Monday, August 8th. The Goldman Sachs Group started coverage on shares of Rover Group in a research report on Friday, July 15th. They set a "neutral" rating and a $4.50 target price on the stock. JPMorgan Chase & Co. started coverage on shares of Rover Group in a research report on Thursday, July 7th. They set a "neutral" rating and a $5.00 target price on the stock. Finally, Gordon Haskett cut shares of Rover Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $5.50 to $3.50 in a research report on Tuesday, August 9th.

Rover Group Price Performance

Shares of ROVR opened at $3.20 on Tuesday. The stock has a 50-day moving average of $4.03 and a 200-day moving average of $4.72. The company has a market cap of $584.90 million, a PE ratio of -5.25 and a beta of 1.03. Rover Group has a one year low of $3.14 and a one year high of $15.36.

Insider Activity

In other news, COO Brenton R. Turner sold 19,490 shares of the business's stock in a transaction on Monday, September 12th. The shares were sold at an average price of $4.11, for a total transaction of $80,103.90. Following the completion of the transaction, the chief operating officer now directly owns 1,052,937 shares in the company, valued at approximately $4,327,571.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Aaron Easterly sold 30,184 shares of the company's stock in a transaction on Monday, September 12th. The shares were sold at an average price of $4.11, for a total value of $124,056.24. Following the completion of the transaction, the chief executive officer now directly owns 3,254,668 shares in the company, valued at $13,376,685.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Brenton R. Turner sold 19,490 shares of the company's stock in a transaction on Monday, September 12th. The stock was sold at an average price of $4.11, for a total transaction of $80,103.90. Following the completion of the transaction, the chief operating officer now owns 1,052,937 shares of the company's stock, valued at $4,327,571.07. The disclosure for this sale can be found here. Insiders sold 53,475 shares of company stock worth $219,782 in the last three months. Corporate insiders own 36.90% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verition Fund Management LLC purchased a new position in Rover Group in the second quarter worth $38,000. Garde Capital Inc. grew its position in Rover Group by 160.7% in the second quarter. Garde Capital Inc. now owns 178,187 shares of the company's stock worth $670,000 after acquiring an additional 109,839 shares in the last quarter. Legal & General Group Plc lifted its stake in Rover Group by 34.7% in the second quarter. Legal & General Group Plc now owns 28,140 shares of the company's stock worth $106,000 after purchasing an additional 7,256 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Rover Group by 383.5% in the second quarter. Goldman Sachs Group Inc. now owns 426,479 shares of the company's stock worth $1,604,000 after purchasing an additional 338,269 shares during the last quarter. Finally, SVB Wealth LLC bought a new stake in Rover Group in the second quarter worth $3,130,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Rover Group Company Profile

(Get Rating)

Rover Group, Inc operates an online marketplace for pet care worldwide. It connects pet parents with pet providers who offer overnight services, including boarding and in-home pet sitting, as well as daytime services, such as doggy daycare, dog walking, drop-in visits, grooming, and training. The company is headquartered in Seattle, Washington.

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