Rover Group, Inc. (NASDAQ:ROVR – Get Free Report) saw unusually large options trading activity on Wednesday. Stock investors acquired 17,748 call options on the company. This is an increase of approximately 6,623% compared to the average daily volume of 264 call options.
Institutional Investors Weigh In On Rover Group
Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in Rover Group by 75.7% during the second quarter. Tower Research Capital LLC TRC now owns 6,138 shares of the company’s stock worth $30,000 after acquiring an additional 2,645 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Rover Group during the second quarter valued at about $34,000. Neuberger Berman Group LLC acquired a new position in shares of Rover Group during the third quarter valued at about $37,000. Verition Fund Management LLC acquired a new position in shares of Rover Group during the second quarter valued at about $38,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Rover Group during the fourth quarter valued at about $38,000. 79.52% of the stock is currently owned by institutional investors and hedge funds.
Rover Group Price Performance
Shares of NASDAQ:ROVR opened at $10.99 on Thursday. Rover Group has a one year low of $3.75 and a one year high of $11.10. The firm has a 50 day simple moving average of $10.98 and a 200 day simple moving average of $9.84. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 219.80 and a beta of 1.94.
Rover Group Company Profile
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 was founded in 2011 and is headquartered in Seattle, Washington.
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