Are Things Looking Up For Rover Group Inc (NASDAQ: ROVR)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted Rover Announces Expiration of Hart-Scott-Rodino Waiting Period.

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Stocks Info

The company is listed on the NASDAQ and operates within the Internet Content & Information industry segment. At the end of the last regular session, the stock closed at $10.91 and fluctuated between $10.92 as its day high and $10.91 as its day low. The current market capitalization of Rover Group Inc is $1.98B. A total of 0.94 million shares were traded on the day, compared to an average of 2.93M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ROVR has seen 14 BUY and 25 SELL insider trades, representing the acquisition of 454,768 and the disposition of 3,242,593 shares. Over the last 12 months, there were 40 BUYs and 46 SELLs from insiders. Insiders purchased 1,961,105 shares during that period but sold 3,733,475.

In the most recent transaction, EASTERLY AARON sold 100,000 shares of ROVR for 10.88 per share on Jan 04. After the transaction, the CHIEF EXECUTIVE OFFICER now owns 3,465,804 company shares. In a previous transaction on Jan 04, TURNER BRENTON R. sold 20,000 shares at 10.88 per share. ROVR shares that President & COO owns now total 1,047,154.

Among the insiders who sold shares, EASTERLY AARON disposed of 100,000 shares on Jan 03 at a per-share price of $10.88. This resulted in the CHIEF EXECUTIVE OFFICER holding 3,565,804 shares of ROVR after the transaction. In another insider transaction, TURNER BRENTON R. sold 30,000 shares at $10.88 per share on Jan 03. Company shares held by the President & COO now total 1,047,154.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, ROVR has a high of $11.10 and a low of $3.39.

As of this writing, ROVR has an earnings estimate of $0.06 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.07 per share and a lower estimate of $0.04. The company reported an EPS of $0 in the last quarter, which was 100.00% higher than expectations of -$0.01.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ROVR’s latest balance sheet shows that the firm has $278.90M in Cash & Short Term Investments as of fiscal 2021. There were $27.63M in debt and $59.34M in liabilities at the time. Its Book Value Per Share was $1.60, while its Total Shareholder’s Equity was $292.59M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ROVR is Buy with a score of 3.57.

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