Rover Group, Inc. (NASDAQ:ROVR – Get Rating) saw some unusual options trading activity on Wednesday. Traders purchased 17,748 call options on the company. This represents an increase of 6,623% compared to the typical volume of 264 call options.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Rover Group in a research report on Friday, July 15th. They issued a “neutral” rating and a $4.50 price objective for the company. Gordon Haskett downgraded shares of Rover Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $5.50 to $3.50 in a research report on Tuesday, August 9th. Morgan Stanley decreased their price objective on shares of Rover Group from $6.00 to $4.50 and set an “equal weight” rating for the company in a research report on Monday, August 8th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Rover Group in a research report on Thursday, July 7th. They issued a “neutral” rating and a $5.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.31.
Insider Activity at Rover Group
In related news, COO Brenton R. Turner sold 19,490 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $4.11, for a total transaction of $80,103.90. Following the completion of the transaction, the chief operating officer now directly owns 1,052,937 shares in the company, valued at $4,327,571.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Aaron Easterly sold 30,184 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $4.11, for a total transaction of $124,056.24. Following the completion of the transaction, the chief executive officer now directly owns 3,254,668 shares in the company, valued at $13,376,685.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Brenton R. Turner sold 19,490 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $4.11, for a total transaction of $80,103.90. Following the transaction, the chief operating officer now owns 1,052,937 shares of the company’s stock, valued at $4,327,571.07. The disclosure for this sale can be found here. Insiders sold 53,475 shares of company stock worth $219,782 over the last three months. Company insiders own 36.90% of the company’s stock.
Institutional Trading of Rover Group
Rover Group Stock Down 0.3 %
ROVR stock opened at $3.40 on Thursday. The stock has a market capitalization of $621.46 million, a P/E ratio of -5.57 and a beta of 1.03. The firm has a 50-day simple moving average of $4.06 and a 200-day simple moving average of $4.74. Rover Group has a 52 week low of $3.32 and a 52 week high of $15.36.
Rover Group (NASDAQ:ROVR – Get Rating) last released its earnings results on Thursday, August 4th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $43.37 million during the quarter, compared to analysts’ expectations of $42.09 million. Rover Group had a negative net margin of 43.25% and a negative return on equity of 8.89%. The company’s quarterly revenue was up 77.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.59) earnings per share. On average, analysts expect that Rover Group will post -0.1 earnings per share for the current year.
About Rover Group
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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