Rover Group (NASDAQ:ROVR)’s share price hit a new 52-week low on Friday . The company traded as low as $6.80 and last traded at $6.86, with a volume of 6430 shares changing hands. The stock had previously closed at $7.16.
Separately, Zacks Investment Research cut Rover Group from a “hold” rating to a “sell” rating in a report on Thursday, November 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Rover Group presently has a consensus rating of “Buy” and a consensus price target of $14.20.
The firm has a 50 day moving average price of $10.67.
In related news, CFO Tracy Knox sold 14,019 shares of the business’s stock in a transaction dated Monday, December 6th. The stock was sold at an average price of $10.40, for a total value of $145,797.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Aaron Easterly sold 824,674 shares of the business’s stock in a transaction dated Tuesday, November 23rd. The stock was sold at an average price of $10.00, for a total value of $8,246,740.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,615,955 shares of company stock worth $26,185,298.
Several large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new position in shares of Rover Group in the third quarter worth about $405,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Rover Group in the third quarter worth about $276,000. Vestcor Inc bought a new stake in Rover Group in the third quarter valued at about $1,359,000. Millennium Management LLC bought a new stake in Rover Group in the third quarter valued at about $202,000. Finally, Moore Capital Management LP bought a new stake in Rover Group in the third quarter valued at about $2,039,000. Institutional investors and hedge funds own 79.22% of the company’s stock.
Rover Group Company Profile (NASDAQ:ROVR)
Rover Inc provides online marketplace for pet care. It connects pet parents with pet providers who offer overnight services, including boarding and in-home pet sitting, as well as daytime services, including doggy daycare, dog walking, drop-in visits and grooming. Rover Inc, formerly known as Nebula Caravel Acquisition Corp., is based in SAN FRANCISCO.
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