Rover Group (NASDAQ:ROVR) Trading 9.6% Higher – Defense World

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Rover Group, Inc. (NASDAQ:ROVRGet Rating) shares traded up 9.6% during trading on Monday . The stock traded as high as $4.33 and last traded at $4.32. 5,469 shares were traded during mid-day trading, a decline of 99% from the average session volume of 848,414 shares. The stock had previously closed at $3.94.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. 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 target price on the stock. The Goldman Sachs Group assumed coverage on Rover Group in a research note on Friday, July 15th. They set a “neutral” rating and a $4.50 target price on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.61.

Rover Group Stock Performance

The company has a 50 day simple moving average of $4.48 and a two-hundred day simple moving average of $5.43. The firm has a market cap of $802.36 million, a PE ratio of -3.61 and a beta of 0.69.

Rover Group (NASDAQ:ROVRGet Rating) last posted its quarterly earnings results on Monday, May 9th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.01). The firm had revenue of $28.00 million for the quarter, compared to analysts’ expectations of $26.51 million. Rover Group had a negative net margin of 72.28% and a negative return on equity of 21.97%. The firm’s revenue for the quarter was up 133.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.35) EPS. As a group, research analysts predict that Rover Group, Inc. will post -0.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Rover Group

In other Rover Group news, CFO Tracy Knox sold 8,463 shares of the business’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $4.86, for a total transaction of $41,130.18. Following the sale, the chief financial officer now owns 266,795 shares in the company, valued at approximately $1,296,623.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Aaron Easterly sold 29,317 shares of the company’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $4.86, for a total value of $142,480.62. Following the sale, the chief executive officer now owns 3,212,156 shares in the company, valued at $15,611,078.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tracy Knox sold 8,463 shares of the company’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $4.86, for a total value of $41,130.18. Following the completion of the sale, the chief financial officer now owns 266,795 shares in the company, valued at approximately $1,296,623.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,706 shares of company stock worth $275,591.

Institutional Trading of Rover Group

A number of hedge funds have recently modified their holdings of the stock. Foundry Group LLC purchased a new stake in shares of Rover Group in the fourth quarter worth about $197,620,000. True Wind Capital Management L.P. raised its holdings in Rover Group by 4.8% in the 1st quarter. True Wind Capital Management L.P. now owns 14,457,597 shares of the company’s stock worth $83,420,000 after purchasing an additional 658,471 shares during the period. MV Management XI L.L.C. acquired a new position in Rover Group in the 4th quarter worth about $112,301,000. Vanguard Group Inc. raised its holdings in Rover Group by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 4,645,353 shares of the company’s stock worth $26,804,000 after purchasing an additional 129,505 shares during the period. Finally, Foundation Capital LLC acquired a new position in Rover Group in the 4th quarter worth about $34,390,000. Hedge funds and other institutional investors own 78.77% of the company’s stock.

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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