The Vanguard Group, Inc. has recently announced that it has increased stake in Rover Group Inc. (NASDAQ:ROVR) by 7.57%. After grabbing 5.47 million shares, the institutional investor is now in possession of 0.39 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 2.98% having worth around $26.39 million. Moreover, BlackRock Fund Advisors increased its share by 0.32 million to have a control over 5.47 million shares. And Fidelity Management & Research Co raised its holdings to 0.24 million shares by acquiring 3.24 million shares or 1.77% of the stake.
Rover Group Inc. (ROVR) concluded trading on 01/12/23 at a closing price of $3.77, with 0.39 million shares of worth about $1.47 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.37% during that period and on Thursday the price saw a loss of about -3.33%. Currently the company’s common shares owned by public are about 182.49M shares, out of which, 164.04M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 40 times over the past 12 months. They bought 1,859,538 shares in 27 of the transactions. In 13 selling transactions, insiders dumped 200,362 shares.
Vanguard Total Stock Market Index, Northern Lights Fund Trust II – B, and Fidelity Small Cap Growth Fund are the top 3 mutual funds which are holding stakes in Rover Group Inc. Vanguard Total Stock Market Index is currently holding 3.55 million shares of worth totaling $17.11 million. The company recently came buying 0.0 shares which brought its stake up to 1.93% of the company’s outstanding shares. Northern Lights Fund Trust II – B sold 22788.0 shares, after which its hold over company’s outstanding shares shrunk to 1.69%, leaving 3.1 million shares with the mutual fund that have a worth of about $14.94 million. Fidelity Small Cap Growth Fund, after selling 2.41 million shares, have now control over 1.31% of the stake in the company. It holds 640.0 shares of worth $11.64 million.
Rover Group Inc. (NASDAQ: ROVR) started trading at $3.92, above $0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 3.9200, or with a loss of -3.33%. Stock saw a price change of -2.58% in past 5 days and over the past one month there was a price change of -17.69%. Year-to-date (YTD), ROVR shares are showing a performance of 2.72% which decreased to -52.28% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.14 but also hit the highest price of $8.31 during that period. The average intraday trading volume for Rover Group Inc. shares is 504.54K. The stock is currently trading -2.75% below its 20-day simple moving average (SMA20), while that difference is down -13.31% for SMA50 and it goes to -15.77% lower than SMA200.
The Vanguard Group, Inc. acquired 5.47 million shares of Rover Group Inc. having value of about $26.39 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.39 million shares in the company valued at close to $1452317.1, or have control over 7.57% stake in the company. Rover Group Inc. (NASDAQ: ROVR) currently have 182.49M outstanding shares and institutions hold larger chunk of about 84.60% of that. Holding of mutual funds in the company is about 25.07% while other institutional holders and individual stake holders have control over 37.68% and 11.02% of the stake respectively.
The stock has a current market capitalization of $699.98M. It has posted earnings per share of -$0.01 in the same period. It has Quick Ratio of 3.30 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ROVR, volatility over the week remained 5.83% while standing at 6.43% over the month.
Analysts are in expectations that Rover Group Inc. (ROVR) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is -$0.01 and it is -$0.05 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.01 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 34.80% while it is estimated to increase by 73.30% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Gordon Haskett on August 09, 2022 offering a Hold rating for the stock and assigned a target price range of between $5.50 and $3.50 to it. Coverage by Goldman stated Rover Group Inc. (ROVR) stock as a Neutral in their note to investors on July 15, 2022, suggesting a price target of $4.50 for the stock.
