Landscape Capital Management L.L.C. Buys New Position in Rover Group, Inc. (NASDAQ:ROVR)

Landscape Capital Management L.L.C. purchased a new stake in Rover Group, Inc. (NASDAQ:ROVRGet Rating) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 63,849 shares of the company’s stock, valued at approximately $213,000.

Several other large investors have also bought and sold shares of ROVR. Vanguard Group Inc. boosted its stake in shares of Rover Group by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 4,645,353 shares of the company’s stock worth $26,804,000 after buying an additional 129,505 shares during the last quarter. FMR LLC boosted its position in Rover Group by 135.3% in the second quarter. FMR LLC now owns 3,002,090 shares of the company’s stock worth $11,288,000 after purchasing an additional 1,725,978 shares during the last quarter. State Street Corp grew its stake in Rover Group by 304.5% in the 2nd quarter. State Street Corp now owns 1,400,112 shares of the company’s stock valued at $5,264,000 after purchasing an additional 1,053,972 shares during the period. BlackRock Inc. increased its position in shares of Rover Group by 14.8% during the 1st quarter. BlackRock Inc. now owns 1,352,764 shares of the company’s stock valued at $7,807,000 after purchasing an additional 174,254 shares during the last quarter. Finally, SVB Wealth LLC bought a new stake in shares of Rover Group during the 2nd quarter worth $3,130,000. 82.88% of the stock is currently owned by institutional investors.

Rover Group Stock Performance

Shares of NASDAQ ROVR opened at $3.73 on Monday. Rover Group, Inc. has a fifty-two week low of $3.14 and a fifty-two week high of $6.83. The stock has a market cap of $685.40 million, a PE ratio of 93.25 and a beta of 1.52. The stock has a fifty day moving average of $4.21 and a 200-day moving average of $4.10.

Insider Buying and Selling at Rover Group

In other news, CEO Aaron Easterly sold 30,117 shares of the stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $4.50, for a total value of $135,526.50. Following the sale, the chief executive officer now directly owns 3,297,247 shares of the company’s stock, valued at $14,837,611.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, COO Brenton R. Turner sold 19,421 shares of the firm’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $4.50, for a total value of $87,394.50. Following the completion of the transaction, the chief operating officer now directly owns 1,080,391 shares in the company, valued at $4,861,759.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aaron Easterly sold 30,117 shares of the firm’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $4.50, for a total transaction of $135,526.50. Following the completion of the transaction, the chief executive officer now owns 3,297,247 shares of the company’s stock, valued at $14,837,611.50. The disclosure for this sale can be found here. Insiders sold 60,431 shares of company stock valued at $271,940 in the last quarter. 36.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ROVR. DA Davidson reduced their target price on shares of Rover Group from $6.00 to $5.75 and set a “buy” rating for the company in a research report on Wednesday, November 9th. JMP Securities reduced their price objective on Rover Group from $8.00 to $6.00 and set a “market outperform” rating for the company in a report on Wednesday, January 11th. Finally, Morgan Stanley lowered their target price on Rover Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 18th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.47.

Rover Group Profile

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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.

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

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