Arizona State Retirement System Has $137,000 Stock Holdings in Rover Group, Inc. (NASDAQ:ROVR)

Arizona State Retirement System lifted its stake in shares of Rover Group, Inc. (NASDAQ:ROVRGet Rating) by 12.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,714 shares of the company’s stock after purchasing an additional 2,560 shares during the period. Arizona State Retirement System’s holdings in Rover Group were worth $137,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. CAPROCK Group Inc. acquired a new stake in shares of Rover Group during the first quarter worth $505,000. Swiss National Bank acquired a new stake in shares of Rover Group during the fourth quarter worth $1,686,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Rover Group during the fourth quarter valued at $175,000. Cross Creek Advisors LLC purchased a new position in shares of Rover Group during the fourth quarter valued at $9,918,000. Finally, True Wind Capital Management L.P. purchased a new position in shares of Rover Group during the fourth quarter valued at $134,541,000. 78.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rover Group

In other news, CFO Tracy Knox sold 8,463 shares of the company’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $4.86, for a total transaction of $41,130.18. Following the completion of the sale, the chief financial officer now owns 266,795 shares in the company, valued at approximately $1,296,623.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Aaron Easterly sold 29,317 shares of the company’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $4.86, for a total transaction of $142,480.62. Following the completion of the sale, the chief executive officer now owns 3,212,156 shares in the company, valued at approximately $15,611,078.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Tracy Knox sold 8,463 shares of the company’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $4.86, for a total value of $41,130.18. Following the sale, the chief financial officer now owns 266,795 shares of the company’s stock, valued at approximately $1,296,623.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,706 shares of company stock worth $275,591.

Rover Group Price Performance

Shares of NASDAQ ROVR opened at $4.76 on Friday. The business’s 50-day moving average price is $4.40 and its two-hundred day moving average price is $5.14. Rover Group, Inc. has a one year low of $3.61 and a one year high of $15.59. The company has a market capitalization of $866.03 million, a P/E ratio of -3.72 and a beta of 0.98.

Rover Group (NASDAQ:ROVRGet Rating) last issued its earnings results on Monday, May 9th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). Rover Group had a negative net margin of 72.28% and a negative return on equity of 21.97%. The firm had revenue of $28.00 million during the quarter, compared to analysts’ expectations of $26.51 million. During the same quarter last year, the firm earned ($0.35) EPS. The business’s revenue for the quarter was up 133.3% compared to the same quarter last year. On average, equities analysts anticipate that Rover Group, Inc. will post -0.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ROVR. JPMorgan Chase & Co. began coverage on Rover Group in a report on Thursday, July 7th. They set a “neutral” rating and a $5.00 price target on the stock. The Goldman Sachs Group began coverage on Rover Group in a report on Friday, July 15th. They set a “neutral” rating and a $4.50 price target on the stock. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.61.

About Rover Group

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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

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Institutional Ownership by Quarter for Rover Group (NASDAQ:ROVR)

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