Green Square Capital Advisors LLC lessened its holdings in Rover Group, Inc. (NASDAQ:ROVR – Get Rating) by 12.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 287,501 shares of the company's stock after selling 40,000 shares during the period. Green Square Capital Advisors LLC owned about 0.16% of Rover Group worth $1,081,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Platform Technology Partners purchased a new stake in shares of Rover Group during the 1st quarter worth $63,000. Lazard Asset Management LLC bought a new stake in shares of Rover Group in the 1st quarter valued at about $62,000. Keebeck Alpha LP bought a new position in shares of Rover Group during the 1st quarter worth approximately $68,000. Mirabella Financial Services LLP purchased a new position in Rover Group in the fourth quarter worth $128,000. Finally, Walleye Trading LLC purchased a new position in Rover Group during the 1st quarter worth $79,000. 84.70% of the stock is owned by hedge funds and other institutional investors.
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Insider Activity
In related news, COO Brenton R. Turner sold 19,490 shares of the company's stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $4.11, for a total value 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 approximately $4,327,571.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Aaron Easterly sold 30,184 shares of Rover Group stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $4.11, for a total value of $124,056.24. Following the sale, the chief executive officer now owns 3,254,668 shares in the company, valued at $13,376,685.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Brenton R. Turner sold 19,490 shares of the company's stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $4.11, for a total transaction of $80,103.90. Following the transaction, the chief operating officer now owns 1,052,937 shares of the company's stock, valued at approximately $4,327,571.07. The disclosure for this sale can be found here. Insiders have sold 53,475 shares of company stock worth $219,782 in the last ninety days. Company insiders own 36.90% of the company's stock.
Rover Group Stock Performance
Rover Group stock opened at $3.35 on Thursday. Rover Group, Inc. has a 12 month low of $3.14 and a 12 month high of $14.50. The stock's 50 day simple moving average is $3.96 and its two-hundred day simple moving average is $4.68.
Rover Group (NASDAQ:ROVR – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.01. Rover Group had a negative net margin of 43.25% and a negative return on equity of 8.89%. The firm had revenue of $43.37 million for the quarter, compared to the consensus estimate of $42.09 million. During the same period in the prior year, the firm posted ($0.59) earnings per share. The firm's quarterly revenue was up 77.2% compared to the same quarter last year. As a group, equities research analysts expect that Rover Group, Inc. will post -0.1 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages have weighed in on ROVR. The Goldman Sachs Group initiated coverage on Rover Group in a report on Friday, July 15th. They issued a "neutral" rating and a $4.50 price target for the company. Gordon Haskett downgraded shares of Rover Group from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $5.50 to $3.50 in a research note on Tuesday, August 9th. Morgan Stanley reduced their target price 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. Finally, JPMorgan Chase & Co. assumed coverage on Rover Group in a research note on Thursday, July 7th. They set a "neutral" rating and a $5.00 price target on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $7.31.
About Rover Group
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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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