Rover Group (ROVR) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rover Group in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ROVR shares.
View ROVR analyst ratings or view top-rated stocks.

6 analysts have issued 1 year target prices for Rover Group's shares. Their ROVR share price forecasts range from $6.00 to $8.00. On average, they predict the company's stock price to reach $6.83 in the next year. This suggests a possible upside of 15.6% from the stock's current price.
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Rover Group's stock was trading at $3.67 at the beginning of the year. Since then, ROVR stock has increased by 61.0% and is now trading at $5.91.
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Rover Group saw a drop in short interest in August. As of August 31st, there was short interest totaling 2,210,000 shares, a drop of 23.0% from the August 15th total of 2,870,000 shares. Based on an average daily trading volume, of 1,220,000 shares, the short-interest ratio is presently 1.8 days. Currently, 2.1% of the shares of the stock are sold short.
View Rover Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our ROVR earnings forecast.

Rover Group, Inc. (NASDAQ:ROVR) announced its earnings results on Tuesday, August, 1st. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.04. The company had revenue of $58.53 million for the quarter, compared to analysts' expectations of $52.98 million. Rover Group had a negative net margin of 7.46% and a positive trailing twelve-month return on equity of 1.60%.

ETFs with the largest weight of Rover Group (NASDAQ:ROVR) stock in their portfolio include Jacob Forward ETF (JFWD).ProShares Pet Care ETF (PAWZ).

Rover Group updated its third quarter 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $61.00 million-$63.00 million, compared to the consensus revenue estimate of $59.89 million.

Rover Group trades on the NASDAQ under the ticker symbol "ROVR."

Rover Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include MV Management XI L.L.C. (4.69%), Parsifal Capital Management LP (4.45%), BlackRock Inc. (3.78%), Ararat Capital Management LP (2.05%), Pertento Partners LLP (2.04%) and Geode Capital Management LLC (1.10%). Insiders that own company stock include Aaron Easterly, Brenton R Turner, Charles Wickers, Tracy Knox, Venky Ganesan and Venture Fund Iv Lp Madrona.
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Shares of ROVR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ROVR stock can currently be purchased for approximately $5.91.

Rover Group (NASDAQ:ROVR) has a market capitalization of $1.07 billion and generates $174.01 million in revenue each year. The company earns $-21,980,000.00 in net income (profit) each year or ($0.08) on an earnings per share basis.

The company employs 501 workers across the globe.

Rover Group's mailing address is FOUR EMBARCADERO CENTER SUITE 2100, SAN FRANCISCO CA, 94111. The official website for the company is www.truewindcapital.com. The company can be reached via phone at 888-453-7889 or via fax at 415-780-9976.