Rover Group, Inc. (NASDAQ:ROVR) Expected to Announce Earnings of -$0.07 Per Share

Equities analysts expect that Rover Group, Inc. (NASDAQ:ROVRGet Rating) will report earnings of ($0.07) per share for the current quarter, according to Zacks. Three analysts have issued estimates for Rover Group’s earnings. The lowest EPS estimate is ($0.09) and the highest is ($0.06). The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Rover Group will report full-year earnings of ($0.06) per share for the current financial year, with EPS estimates ranging from ($0.12) to ($0.02). For the next financial year, analysts expect that the company will report earnings of $0.02 per share, with EPS estimates ranging from ($0.07) to $0.13. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Rover Group.

Rover Group (NASDAQ:ROVRGet Rating) last issued its quarterly earnings results on Monday, March 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The company had revenue of $38.00 million for the quarter, compared to the consensus estimate of $36.50 million. Rover Group’s revenue was up 187.9% compared to the same quarter last year.

A number of research firms have weighed in on ROVR. Canaccord Genuity Group reduced their price objective on shares of Rover Group from $14.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, March 8th. Morgan Stanley reduced their price objective on shares of 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. Canaccord Genuity Group reduced their price objective on shares of Rover Group from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, February 28th. DA Davidson reduced their price target on shares of Rover Group from $17.00 to $8.00 in a research note on Wednesday, March 9th. Finally, JMP Securities reduced their price target on shares of Rover Group from $15.00 to $11.00 and set a “market outperform” rating for the company in a research note on Tuesday, March 8th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $11.50.

In other Rover Group news, CEO Aaron Easterly sold 12,189 shares of Rover Group stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $4.96, for a total transaction of $60,457.44. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Brenton R. Turner sold 13,986 shares of Rover Group stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $4.96, for a total transaction of $69,370.56. The disclosure for this sale can be found here. In the last three months, insiders sold 29,750 shares of company stock worth $147,560.

A number of large investors have recently modified their holdings of ROVR. Parallel Advisors LLC purchased a new position in shares of Rover Group in the third quarter worth $39,000. Advisor Group Holdings Inc. purchased a new position in shares of Rover Group in the third quarter worth $40,000. Penserra Capital Management LLC purchased a new position in shares of Rover Group in the third quarter worth $74,000. Deutsche Bank AG purchased a new position in shares of Rover Group in the fourth quarter worth $54,000. Finally, Royal Bank of Canada purchased a new position in shares of Rover Group in the third quarter worth $84,000. 60.14% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:ROVR traded up $0.29 on Tuesday, reaching $6.03. 23,674 shares of the stock traded hands, compared to its average volume of 820,906. Rover Group has a 12 month low of $4.27 and a 12 month high of $15.59. The company’s fifty day simple moving average is $5.43 and its 200 day simple moving average is $8.49.

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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