Rover Group, Inc. (NASDAQ:ROVR – Get Rating) CEO Aaron Easterly sold 30,184 shares of the firm's stock in a transaction that occurred 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 owns 3,254,668 shares in the company, valued at approximately $13,376,685.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Rover Group Stock Performance
NASDAQ:ROVR opened at $3.95 on Friday. Rover Group, Inc. has a one year low of $3.60 and a one year high of $15.36. The stock has a market cap of $721.99 million, a PE ratio of -6.48 and a beta of 1.03. The stock has a 50 day moving average price of $4.10 and a 200 day moving average price of $4.80.
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Rover Group (NASDAQ:ROVR – Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The firm had revenue of $43.37 million during the quarter, compared to analysts' expectations of $42.09 million. Rover Group had a negative return on equity of 8.89% and a negative net margin of 43.25%. The business's revenue for the quarter was up 77.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.59) earnings per share. As a group, analysts predict that Rover Group, Inc. will post -0.1 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Rover Group
A number of institutional investors have recently modified their holdings of ROVR. Northern Trust Corp grew its stake in shares of Rover Group by 20.1% in the fourth quarter. Northern Trust Corp now owns 160,582 shares of the company's stock valued at $1,566,000 after buying an additional 26,911 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Rover Group in the fourth quarter valued at $145,000. Foundation Capital LLC acquired a new stake in shares of Rover Group in the fourth quarter valued at $34,390,000. Foundry Group LLC acquired a new stake in shares of Rover Group in the fourth quarter valued at $197,620,000. Finally, Clearline Capital LP acquired a new stake in shares of Rover Group in the fourth quarter valued at $568,000. 84.70% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on Rover Group in a research report on Friday, July 15th. They issued a "neutral" rating and a $4.50 target price on the stock. JPMorgan Chase & Co. assumed coverage on Rover Group in a research report on Thursday, July 7th. They issued a "neutral" rating and a $5.00 target price on the stock. Gordon Haskett downgraded Rover Group from a "buy" rating to a "hold" rating and decreased their target price for the company from $5.50 to $3.50 in a research report on Tuesday, August 9th. Finally, Morgan Stanley decreased their target price on Rover Group from $6.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Monday, August 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $7.31.
Rover Group Company Profile
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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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