Brokerages Set Rover Group, Inc. (NASDAQ:ROVR) PT at $11.00

Shares of Rover Group, Inc. (NASDAQ:ROVRGet Rating) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $11.00.

Several equities analysts have recently commented on the stock. JMP Securities dropped their target price on shares of Rover Group from $15.00 to $11.00 and set a “market outperform” rating for the company in a research report on Tuesday, March 8th. Zacks Investment Research upgraded shares of Rover Group from a “sell” rating to a “hold” rating in a research report on Friday, March 11th. Canaccord Genuity Group lowered their price objective on shares of Rover Group from $14.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, March 8th. Morgan Stanley lowered their price objective on shares of Rover Group from $10.00 to $6.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 8th. Finally, Canaccord Genuity Group lowered their price objective on shares of Rover Group from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Monday, February 28th.

In other Rover Group news, CEO Aaron Easterly sold 12,189 shares of the business’s stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $4.96, for a total transaction of $60,457.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Brenton R. Turner sold 13,986 shares of the company’s stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $4.96, for a total transaction of $69,370.56. The disclosure for this sale can be found here. Insiders have sold a total of 29,750 shares of company stock worth $147,560 over the last three months.

Large investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. bought a new stake in shares of Rover Group in the 3rd quarter valued at $40,000. Deutsche Bank AG acquired a new position in shares of Rover Group during the 4th quarter valued at $54,000. Penserra Capital Management LLC acquired a new position in shares of Rover Group during the 3rd quarter valued at $74,000. Royal Bank of Canada acquired a new position in shares of Rover Group during the 3rd quarter valued at $84,000. Finally, Mirabella Financial Services LLP acquired a new position in shares of Rover Group during the 4th quarter valued at $128,000. 60.14% of the stock is currently owned by institutional investors.

Shares of NASDAQ:ROVR traded down $0.03 during midday trading on Monday, hitting $6.33. The stock had a trading volume of 822,892 shares, compared to its average volume of 453,901. The company’s 50-day moving average price is $5.62 and its 200-day moving average price is $8.14. Rover Group has a fifty-two week low of $4.27 and a fifty-two week high of $15.59.

Rover Group (NASDAQ:ROVRGet Rating) last issued its earnings results on Monday, March 7th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $38.00 million for the quarter, compared to the consensus estimate of $36.50 million. The firm’s revenue was up 187.9% compared to the same quarter last year. On average, research analysts predict that Rover Group will post -0.06 EPS for the current fiscal year.

Rover Group Company Profile (Get Rating)

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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Analyst Recommendations for Rover Group (NASDAQ:ROVR)

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