During the last session, Rover Group Inc. (NASDAQ:ROVR)’s traded shares were 0.9 million. At the end of the trading day, the stock’s price was $4.21, reflecting an intraday loss of -11.55% or -$0.55. The 52-week high for the ROVR share is $15.59, that puts it down -270.31 from that peak though still a striking 14.25% gain since the share price plummeted to a 52-week low of $3.61. The company’s market capitalization is $758.94M, and the average intraday trading volume over the past 10 days was 0.32 million shares, and the average trade volume was 824.55K shares over the past three months.
Rover Group Inc. (ROVR) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 1.60. ROVR has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.04.
Rover Group Inc. (NASDAQ:ROVR) trade information
Rover Group Inc. (ROVR) registered a -11.55% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -11.55% in intraday trading to $4.21 this Friday, 08/05/22, hitting a weekly high. The stock’s 5-day price performance is -3.66%, and it has moved by 3.69% in 30 days. Based on these gigs, the overall price performance for the year is -64.35%. The short interest in Rover Group Inc. (NASDAQ:ROVR) is 7.72 million shares and it means that shorts have 6.8 day(s) to cover.
The consensus price target of analysts on Wall Street is $5.94, which implies an increase of 29.12% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.50 and $8.00 respectively. As a result, ROVR is trading at a discount of -90.02% off the target high and -6.89% off the low.
Rover Group Inc. (ROVR) estimates and forecasts
Statistics show that Rover Group Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Rover Group Inc. (ROVR) shares have gone down -16.14% during the last six months, with a year-to-date growth rate more than the industry average at 77.78% against -9.70. In the rating firms’ projections, revenue will increase 58.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $42.12 million as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $51.03 million by the end of Sep 2022.
While earnings are projected to return 82.60% in 2022.
Rover Group Inc. is due to release its next quarterly earnings between February 16 and February 21. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Rover Group Inc. (NASDAQ:ROVR)’s Major holders
Rover Group Inc. insiders own 10.69% of total outstanding shares while institutional holders control 76.28%, with the float percentage being 85.40%. Madrona Venture Group, LLC is the largest shareholder of the company, while 129 institutions own stock in it. As of Mar 30, 2022, the company held over 26.46 million shares (or 14.55% of all shares), a total value of $152.7 million in shares.
The next largest institutional holding, with 20.27 million shares, is of Foundry Group, LLC’s that is approximately 11.14% of outstanding shares. At the market price on Jun 29, 2022, these shares were valued at $76.21 million.
Also, the Mutual Funds coming in first place with the largest holdings of Rover Group Inc. (ROVR) shares are Vanguard Total Stock Market Index Fund and Northern Lights Fd Tr II-Invenomic Fd. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 3.37 million shares. This amounts to just over 1.85 percent of the company’s overall shares, with a $19.46 million market value. The same data shows that the other fund manager holds slightly less at 2.78 million, or about 1.53% of the stock, which is worth about $17.59 million.