Rover Group (ROVR) Set to Announce Earnings on Monday

Rover Group (NASDAQ:ROVRGet Rating) will release its earnings data after the market closes on Monday, May 9th. Analysts expect Rover Group to post earnings of ($0.07) per share for the quarter. Rover Group has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Rover Group (NASDAQ:ROVRGet Rating) last posted its quarterly earnings results on Monday, March 7th. The company reported ($0.03) EPS for the quarter, missing the Zacks’ 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 quarterly revenue was up 187.9% compared to the same quarter last year. On average, analysts expect Rover Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ:ROVR opened at $6.33 on Monday. The stock has a 50-day simple moving average of $5.62 and a 200 day simple moving average of $8.09. Rover Group has a one year low of $4.27 and a one year high of $15.59.

A number of equities analysts have commented on the company. Canaccord Genuity Group decreased their target price on Rover Group from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, February 28th. Zacks Investment Research raised Rover Group from a “sell” rating to a “hold” rating in a report on Friday, March 11th. JMP Securities dropped their target price on Rover Group from $15.00 to $11.00 and set a “market outperform” rating on the stock in a report on Tuesday, March 8th. DA Davidson dropped their target price on Rover Group from $17.00 to $8.00 in a report on Wednesday, March 9th. Finally, Morgan Stanley dropped their target price on Rover Group from $10.00 to $6.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 8th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Rover Group has a consensus rating of “Buy” and a consensus price target of $11.50.

In other Rover Group news, CEO Aaron Easterly sold 12,189 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this link. Also, COO Brenton R. Turner sold 13,986 shares of the company’s stock in a transaction dated Thursday, March 10th. The stock was 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 institutional investors and hedge funds have recently bought and sold shares of ROVR. Morgan Stanley bought a new position in Rover Group in the third quarter valued at $2,744,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Rover Group during the 4th quarter worth about $841,000. California State Teachers Retirement System acquired a new stake in Rover Group in the 4th quarter worth about $647,000. Credit Suisse AG acquired a new stake in Rover Group in the 4th quarter worth about $501,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Rover Group in the 3rd quarter valued at approximately $405,000. Institutional investors own 60.14% 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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