Parsifal Capital Management LP has recently announced that it has increased stake in Rover Group Inc (NASDAQ:ROVR) by 0.24%. After grabbing 8.21 million shares, the institutional investor is now in possession of 19590.0 shares of the Communication Services Company. The new investment brought the stake of investor firm to 4.55% having worth around $89.32 million. Moreover, BlackRock Fund Advisors increased its share by 0.49 million to have a control over 6.48 million shares. And The Vanguard Group, Inc. raised its holdings to 0.33 million shares by acquiring 6.12 million shares or 3.39% of the stake.
Rover Group Inc (ROVR) concluded trading on Wednesday at a closing price of $10.94, with 3.08 million shares of worth about $33.67 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 107.20% during that period and On Wednesday, January 24 the price saw a loss of about -0.09%. Currently the company’s common shares owned by public are about 184.53M shares, out of which, 108.69M 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 86 times over the past 12 months. They bought 1,961,105 shares in 40 of the transactions. In 46 selling transactions, insiders dumped 3,733,475 shares.
Vanguard Total Stock Market ETF, Fidelity Small Cap Growth Fund, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Rover Group Inc Vanguard Total Stock Market ETF is currently holding 4.06 million shares of worth totaling $44.18 million. The company recently came buying 0.39 million shares which brought its stake up to 2.25% of the company’s outstanding shares. Fidelity Small Cap Growth Fund sold 4662.0 shares, after which its hold over company’s outstanding shares shrunk to 2.13%, leaving 3.84 million shares with the mutual fund that have a worth of about $41.78 million. iShares Russell 2000 ETF, after selling 2.45 million shares, have now control over 1.36% of the stake in the company. It holds 6480.0 shares of worth $26.64 million.
Stock saw a price change of 0.18% in past 5 days and over the past one month there was a price change of -0.09%. Year-to-date (YTD), ROVR shares are showing a performance of 0.55% which increased to 194.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.60 but also hit the highest price of $11.10 during that period. The average intraday trading volume for Rover Group Inc shares is 2.97 million. The stock is currently trading 0.30% above its 20-day simple moving average (SMA20), while that difference is up 7.11% for SMA50 and it goes to 62.95% higher than SMA200.
Parsifal Capital Management LP acquired 8.21 million shares of Rover Group Inc having value of about $89.32 million. Data submitted at the U.S SEC by Parsifal Capital Management LP revealed that the firm now holds 19590.0 shares in the company valued at close to $214314.6, or have control over 0.24% stake in the company. Rover Group Inc (NASDAQ: ROVR) currently have 184.53M outstanding shares and institutions hold larger chunk of about 42.00% of that. Holding of mutual funds in the company is about 24.93% while other institutional holders and individual stake holders have control over 37.05% and 17.33% of the stake respectively.
The stock has a current market capitalization of $1.99B and its 3Y-monthly beta is at 1.94. PE ratio of stock for trailing 12 months is 204.87, while it has posted earnings per share of $0.05 in the same period. It has Quick Ratio of 3.32 while making debt-to-equity ratio of 0.08. 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 0.22% while standing at 0.28% over the month.
Analysts are in expectations that Rover Group Inc (ROVR) stock would likely to be making an EPS of $0.06 in the current quarter, while forecast for next quarter EPS is -$0.02 and it is $0.16 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.04 which is $0.07 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 $0.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 180.45% while it is estimated to increase by 66.00% 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.
