Rover Group Target of Unusually Large Options Trading (NASDAQ… – MarketBeat
Rover Group, Inc. ( NASDAQ: ROVR – Get Rating ) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 17, 748 call options on the stock. This represents an increase of approximately 6, 623% compared to the typical volume of 264 call options.
Wall Street Analysts Forecast Growth
ROVR has been the subject of several recent analyst reports. JMP Securities lowered their price target upon Rover Group from $8. 00 to $6. 00 and set a “market outperform” rating for the company in a research report on Wednesday, January 11th. DA Davidson decreased their target price on Rover Group from $6. 00 to $5. 75 and set a “buy” rating for the company inside a research report on Wed, November 9th. Finally, Morgan Stanley decreased their target price on Rover Group from $6. 00 to $5. 00 and set an “equal weight” rating for the company in a research report on Wednesday, January 18th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Rover Group has a consensus rating of “Moderate Buy” and an average cost target of $6. 47.
Rover Team Stock Up 0. 5 %
Rover Group stock opened at $3. 73 on Thursday. The business includes a 50-day simple moving average of $4. 14 and a two-hundred day simple moving average of $4. 09. The company has a market cap of $685. 40 million, a P/E ratio of 93. 25 and a beta of 1. 51. Rover Group has a 52-week low associated with $3. 14 and a 52-week high of $6. 83.
Insider Transactions at Rover Group
In related news, CFO Charles Wickers sold 10, 893 shares of the stock within a transaction dated Friday, December 9th. The shares were sold at an average price of $4. 50, for a total transaction of $49, 018. 50. Following the completion of the deal, the chief financial officer now owns 40, 108 shares in the company, valued at $180, 486. The transaction was disclosed in a document filed with the SEC, which is available through this link . In other Rover Group news, CEO Aaron Easterly sold 30, 117 shares of the stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $4. fifty, for a total transaction of $135, 526. 50. Following the transaction, the chief executive officer now directly owns 3, 297, 247 shares in the company, valued at $14, 837, 611. 50. The sale was disclosed in the document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, CFO Charles Wickers sold 10, 893 shares of the firm’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $4. 50, for a total transaction of $49, 018. 50. Following the completion of the transaction, the chief financial official now owns 40, 108 shares in the company, valued at approximately $180, 486. The disclosure for this sale can be found here . Insiders sold a total of 60, 431 stocks of company stock worth $271, 940 in the last quarter. 36. 90% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh Within On Rover Group
Large investors possess recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in Rover Group by 6. 5% in the 3rd quarter. BlackRock Inc. right now owns 6, 084, 231 shares of the company’s share worth $20, 321, 000 after purchasing an additional 371, 250 shares in the last one fourth. Vanguard Group Inc. grew its position in Rover Group by 7. 3% in the 3rd quarter. Vanguard Group Inc. now owns 5, 681, 478 gives of the company’s stock highly valued at $18, 976, 500 after acquiring an additional 388, 655 shares during the last quarter. FMR LLC grew its position in Rover Team by 135. 3% within the 2nd quarter. FMR LLC now owns 3, 002, 090 shares of the company’s stock valued at $11, 288, 000 after acquiring an additional 1, 725, 978 shares during the last quarter. SVB Wealth LLC grew the position in Rover Group by 102. 4% in the 3rd quarter. SVB Wealth LLC now owns 1, 684, 675 shares from the company’s stock valued in $5, 627, 000 after acquiring an additional 852, 242 shares during the last quarter. Finally, State Street Corp increased its position in Rover Group by 10. 5% in the 3rd quarter. State Street Corp now is the owner of 1, 547, 759 shares of the company’s stock appreciated at $5, 170, 000 after acquiring an additional 147, 647 shares during the last one fourth. 82. 88% of the share is currently owned by institutional investors.
Rover Group Company Profile
( Get Rating )
Rover Group, Incorporation 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.
This instant news alert was generated by narrative science technology and financial data through MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story in order to [email protected] com.
Before you consider Rover Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated plus best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering for their clients to buy now before the broader market catches on… and Rover Group wasn’t on the list.
While Rover Group currently has a “Moderate Buy” rating among analysts, top-rated experts believe these five stocks are better buys.