Rover Group, Inc. (NASDAQ:ROVR) Receives Average Recommendation of “Buy” from Brokerages

Shares of Rover Group, Inc. (NASDAQ:ROVRGet Rating) have been given a consensus recommendation of “Buy” by the nine brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $11.00.

A number of equities research analysts have issued reports on ROVR shares. JMP Securities decreased their target price on Rover Group from $15.00 to $11.00 and set a “market outperform” rating for the company in a research report on Tuesday, March 8th. Canaccord Genuity Group cut 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. DA Davidson cut their price target on Rover Group from $17.00 to $8.00 in a report on Wednesday, March 9th. Morgan Stanley cut their price target on Rover Group from $10.00 to $6.00 and set an “equal weight” rating for the company in a report on Tuesday, March 8th. Finally, Canaccord Genuity Group cut their price target on Rover Group from $14.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, March 8th.

In other news, COO Brenton R. Turner sold 13,986 shares of the business’s stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $4.96, for a total transaction of $69,370.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aaron Easterly sold 12,189 shares of the business’s stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $4.96, for a total value of $60,457.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,750 shares of company stock valued at $147,560.

A number of hedge funds have recently modified their holdings of ROVR. Advisor Group Holdings Inc. bought a new stake in shares of Rover Group in the 3rd quarter valued at about $40,000. Deutsche Bank AG bought a new stake in shares of Rover Group during the 4th quarter valued at about $54,000. Penserra Capital Management LLC acquired a new position in Rover Group during the 3rd quarter worth approximately $74,000. Royal Bank of Canada acquired a new position in Rover Group during the 3rd quarter worth approximately $84,000. Finally, Mirabella Financial Services LLP acquired a new position in Rover Group during the 4th quarter worth approximately $128,000. Institutional investors and hedge funds own 60.14% of the company’s stock.

Shares of NASDAQ ROVR traded up $0.19 during trading hours on Monday, hitting $5.98. The stock had a trading volume of 34,800 shares, compared to its average volume of 802,607. The firm’s 50-day moving average price is $5.51 and its two-hundred day moving average price is $8.30. Rover Group has a 52 week low of $4.27 and a 52 week high of $15.59.

Rover Group (NASDAQ:ROVRGet Rating) last announced its quarterly earnings results on Monday, March 7th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.01). The company had revenue of $38.00 million during the quarter, compared to analyst estimates of $36.50 million. Rover Group’s revenue was up 187.9% on a year-over-year basis. On average, analysts predict that Rover Group will post -0.06 EPS for the current year.

About Rover Group (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.

See Also

Analyst Recommendations for Rover Group (NASDAQ:ROVR)

Receive News & Ratings for Rover Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rover Group and related companies with MarketBeat.com's FREE daily email newsletter.