Rover Group, Inc. (NASDAQ:ROVR – Get Rating) CEO Aaron Easterly sold 29,317 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $4.86, for a total value of $142,480.62. Following the completion of the transaction, the chief executive officer now directly owns 3,212,156 shares in the company, valued at approximately $15,611,078.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of ROVR traded down $0.30 during mid-day trading on Friday, reaching $4.26. 528,419 shares of the stock traded hands, compared to its average volume of 796,386. The firm has a fifty day moving average price of $5.50 and a 200 day moving average price of $6.71. The company has a market cap of $775.06 million, a price-to-earnings ratio of -3.74 and a beta of 0.04. Rover Group, Inc. has a 1 year low of $4.20 and a 1 year high of $15.59.
Rover Group (NASDAQ:ROVR – Get Rating) last released its quarterly earnings results on Monday, May 9th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. Rover Group had a negative net margin of 72.28% and a negative return on equity of 21.97%. The firm had revenue of $28.00 million during the quarter, compared to analyst estimates of $26.51 million. During the same period in the previous year, the business earned ($0.35) EPS. The business’s revenue for the quarter was up 133.3% on a year-over-year basis. Equities analysts anticipate that Rover Group, Inc. will post -0.07 EPS for the current fiscal year.
Several equities analysts have recently commented on the company. Canaccord Genuity Group decreased their target price on Rover Group from $14.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, March 8th. Canaccord Genuity Group decreased their price target on Rover Group from $18.00 to $14.00 and set a “buy” rating for the company in a report on Monday, February 28th. Morgan Stanley reduced their target price on Rover Group from $10.00 to $6.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 8th. Zacks Investment Research raised shares of Rover Group from a “sell” rating to a “hold” rating in a research report on Friday, March 11th. Finally, JMP Securities lowered their price target on shares of Rover Group from $15.00 to $11.00 and set a “market outperform” rating on the stock in a report on Tuesday, March 8th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $11.50.
A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its position in Rover Group by 369.9% in the first quarter. Bank of America Corp DE now owns 37,088 shares of the company’s stock worth $214,000 after acquiring an additional 29,195 shares in the last quarter. Walleye Capital LLC bought a new stake in Rover Group in the first quarter worth $334,000. Garde Capital Inc. bought a new stake in Rover Group in the first quarter worth $394,000. HarborVest Partners LLC bought a new stake in Rover Group in the first quarter worth $1,870,000. Finally, Walleye Trading LLC bought a new stake in Rover Group in the first quarter worth $79,000. Institutional investors own 78.77% of the company’s stock.
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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