Research Analysts Offer Predictions for Rover Group, Inc.’s Q1 2023 Earnings (NASDAQ:ROVR)

Rover Group, Inc. (NASDAQ:ROVRGet Rating) – Investment analysts at William Blair issued their Q1 2023 earnings per share (EPS) estimates for shares of Rover Group in a research report issued to clients and investors on Tuesday, May 10th. William Blair analyst R. Schackart expects that the company will earn ($0.06) per share for the quarter. William Blair also issued estimates for Rover Group’s Q2 2023 earnings at ($0.01) EPS and Q3 2023 earnings at $0.03 EPS.

Rover Group (NASDAQ:ROVRGet Rating) last posted its quarterly earnings results on Monday, May 9th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. The company had revenue of $28.00 million for the quarter, compared to analyst estimates of $26.51 million. The firm’s revenue for the quarter was up 133.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.35) EPS.

A number of other analysts have also recently weighed in on ROVR. DA Davidson decreased their target price on shares of Rover Group from $17.00 to $8.00 in a research note on Wednesday, March 9th. 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 report 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 report on Tuesday, March 8th. Canaccord Genuity Group reduced their price target on shares of Rover Group from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Monday, February 28th. Finally, Zacks Investment Research upgraded Rover Group from a “sell” rating to a “hold” rating in a research note on Friday, March 11th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Rover Group presently has a consensus rating of “Buy” and an average price target of $11.50.

NASDAQ:ROVR opened at $4.93 on Wednesday. The stock has a fifty day moving average price of $5.67 and a 200-day moving average price of $7.81. Rover Group has a fifty-two week low of $4.27 and a fifty-two week high of $15.59.

A number of hedge funds have recently bought and sold shares of the business. Keebeck Alpha LP purchased a new position in Rover Group during the 1st quarter valued at about $68,000. Hawk Ridge Capital Management LP purchased a new position in shares of Rover Group during the first quarter worth about $8,568,000. Swiss National Bank grew its holdings in shares of Rover Group by 20.0% during the first quarter. Swiss National Bank now owns 207,500 shares of the company’s stock worth $1,197,000 after purchasing an additional 34,600 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Rover Group by 19.5% during the first quarter. Teacher Retirement System of Texas now owns 17,766 shares of the company’s stock worth $103,000 after purchasing an additional 2,894 shares in the last quarter. Finally, Green Square Capital Advisors LLC purchased a new position in shares of Rover Group during the first quarter worth about $1,890,000. 78.77% of the stock is owned by institutional investors and hedge funds.

In other Rover Group news, COO Brenton R. Turner sold 13,986 shares of Rover Group 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aaron Easterly sold 12,189 shares of Rover Group stock in a transaction dated Thursday, March 10th. The shares were 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. Insiders sold a total of 29,750 shares of company stock worth $147,560 over the last 90 days.

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

Earnings History and Estimates for Rover Group (NASDAQ:ROVR)

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