Rover Group, Inc. (NASDAQ:ROVR) Given Consensus Rating of “Buy” by Analysts

Shares of Rover Group, Inc. (NASDAQ:ROVRGet Rating) have been given an average rating of “Buy” by the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $11.00.

Several research analysts have recently commented on the stock. Canaccord Genuity Group lowered their target price on shares of Rover Group from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, February 28th. Zacks Investment Research raised shares of Rover Group from a “sell” rating to a “hold” rating in a report on Friday, March 11th. JMP Securities lowered their target price on shares of 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 lowered their target price on shares of Rover Group from $17.00 to $8.00 in a report on Wednesday, March 9th. Finally, Canaccord Genuity Group lowered their target price on shares of Rover Group from $14.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, March 8th.

ROVR stock traded up $0.24 during mid-day trading on Friday, hitting $4.94. 55,508 shares of the company were exchanged, compared to its average volume of 767,981. The business has a 50 day simple moving average of $5.62 and a 200-day simple moving average of $7.49. The stock has a market capitalization of $890.48 million, a PE ratio of -4.02 and a beta of 0.01. Rover Group has a 1-year low of $4.27 and a 1-year high of $15.59.

Rover Group (NASDAQ:ROVRGet Rating) last issued its quarterly earnings data on Monday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. The firm had revenue of $28.00 million during the quarter, compared to the consensus estimate of $26.51 million. Rover Group had a negative net margin of 72.28% and a negative return on equity of 21.97%. The business’s revenue for the quarter was up 133.3% compared to the same quarter last year. During the same period last year, the business posted ($0.35) earnings per share. Sell-side analysts predict that Rover Group will post -0.07 earnings per share for the current year.

In other Rover Group news, COO Brenton R. Turner sold 13,986 shares of the business’s stock in a transaction on Thursday, March 10th. The shares were 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 SEC, which is available at this hyperlink. 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 transaction of $60,457.44. The disclosure for this sale can be found here. Insiders sold 29,750 shares of company stock worth $147,560 over the last three months.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Holdings Inc. acquired a new position in shares of Rover Group during the third quarter worth $40,000. Penserra Capital Management LLC acquired a new position in shares of Rover Group during the third quarter worth $74,000. Deutsche Bank AG acquired a new position in shares of Rover Group during the fourth quarter worth $54,000. Royal Bank of Canada acquired a new position in shares of Rover Group during the third quarter worth $84,000. Finally, Platform Technology Partners acquired a new position in shares of Rover Group during the first quarter worth $63,000. 78.77% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Rover Group (NASDAQ:ROVR)

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