Raymond James & Associates Buys Shares of 15,981 Rover Group, Inc. (NASDAQ:ROVR)

Raymond James & Associates purchased a new stake in shares of Rover Group, Inc. (NASDAQ:ROVRFree Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,981 shares of the company’s stock, valued at approximately $100,000.

A number of other hedge funds also recently bought and sold shares of ROVR. Tower Research Capital LLC TRC lifted its stake in shares of Rover Group by 75.7% in the second quarter. Tower Research Capital LLC TRC now owns 6,138 shares of the company’s stock valued at $30,000 after buying an additional 2,645 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Rover Group in the second quarter valued at about $34,000. Neuberger Berman Group LLC bought a new stake in shares of Rover Group in the third quarter valued at about $37,000. Verition Fund Management LLC bought a new stake in shares of Rover Group in the second quarter valued at about $38,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Rover Group in the fourth quarter valued at about $38,000. 79.52% of the stock is currently owned by institutional investors.

Insider Transactions at Rover Group

In other news, CEO Aaron Easterly sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $7.94, for a total transaction of $794,000.00. Following the completion of the sale, the chief executive officer now owns 3,977,070 shares of the company’s stock, valued at $31,577,935.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Charles Wickers sold 19,217 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $10.87, for a total transaction of $208,888.79. Following the sale, the chief financial officer now directly owns 133,460 shares of the company’s stock, valued at $1,450,710.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aaron Easterly sold 100,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $7.94, for a total transaction of $794,000.00. Following the sale, the chief executive officer now directly owns 3,977,070 shares in the company, valued at $31,577,935.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 724,300 shares of company stock valued at $7,565,735. Corporate insiders own 36.40% of the company’s stock.

Rover Group Trading Up 0.1 %

NASDAQ ROVR opened at $10.96 on Friday. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 219.20 and a beta of 1.94. The company has a 50 day moving average of $10.91 and a 200-day moving average of $8.21. Rover Group, Inc. has a 1-year low of $3.75 and a 1-year high of $11.10.

Rover Group (NASDAQ:ROVRGet Free Report) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $66.20 million during the quarter, compared to analyst estimates of $62.23 million. Rover Group had a net margin of 4.99% and a return on equity of 5.44%. The company’s revenue was up 30.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.08) earnings per share. On average, analysts forecast that Rover Group, Inc. will post 0.11 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Morgan Stanley increased their target price on shares of Rover Group from $7.00 to $11.00 and gave the company an “equal weight” rating in a research note on Thursday, November 30th. JMP Securities reissued a “market perform” rating on shares of Rover Group in a research report on Wednesday, November 29th. The Goldman Sachs Group increased their price target on shares of Rover Group from $6.00 to $6.75 and gave the stock a “neutral” rating in a research report on Tuesday, November 7th. JPMorgan Chase & Co. increased their price target on shares of Rover Group from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 7th. Finally, William Blair lowered shares of Rover Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 29th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8.38.

Read Our Latest Stock Analysis on ROVR

Rover Group Profile

(Free Report)

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.

See Also

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

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