Rover Group, Inc. (NASDAQ:ROVR) Shares Sold by Citigroup Inc.

Citigroup Inc. reduced its holdings in Rover Group, Inc. (NASDAQ:ROVR) by 38.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,144 shares of the company’s stock after selling 24,701 shares during the quarter. Citigroup Inc.’s holdings in Rover Group were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ROVR. Fuller & Thaler Asset Management Inc. acquired a new position in Rover Group in the third quarter valued at $13,920,000. FMR LLC increased its stake in Rover Group by 135.3% in the second quarter. FMR LLC now owns 3,002,090 shares of the company’s stock valued at $11,288,000 after purchasing an additional 1,725,978 shares during the last quarter. Select Equity Group L.P. increased its stake in Rover Group by 3,225.3% in the fourth quarter. Select Equity Group L.P. now owns 1,480,726 shares of the company’s stock valued at $5,434,000 after purchasing an additional 1,436,197 shares during the last quarter. State Street Corp increased its stake in Rover Group by 304.5% in the second quarter. State Street Corp now owns 1,400,112 shares of the company’s stock valued at $5,264,000 after purchasing an additional 1,053,972 shares during the last quarter. Finally, Divisadero Street Capital Management LP acquired a new position in Rover Group in the second quarter valued at $4,200,000. 79.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Rover Group

In related news, COO Brenton R. Turner sold 30,000 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $10.88, for a total value of $326,400.00. Following the transaction, the chief operating officer now owns 1,047,154 shares in the company, valued at $11,393,035.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, COO Brenton R. Turner sold 30,000 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $10.88, for a total value of $326,400.00. Following the transaction, the chief operating officer now owns 1,047,154 shares in the company, valued at $11,393,035.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Aaron Easterly sold 100,000 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $10.88, for a total value of $1,088,000.00. Following the completion of the transaction, the chief executive officer now owns 3,465,804 shares in the company, valued at approximately $37,707,947.52. The disclosure for this sale can be found here. Insiders sold 230,000 shares of company stock valued at $2,502,400 over the last quarter. Company insiders own 36.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ROVR. JMP Securities reissued a “market perform” rating on shares of Rover Group in a research report on Wednesday, November 29th. William Blair downgraded Rover Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 29th. Finally, Morgan Stanley boosted their price target on Rover Group from $7.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday, November 30th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Rover Group has a consensus rating of “Hold” and a consensus price target of $8.38.

Rover Group Price Performance

Shares of NASDAQ ROVR opened at $10.99 on Thursday. Rover Group, Inc. has a 1-year low of $3.75 and a 1-year high of $11.10. The business has a 50-day moving average of $10.97 and a 200-day moving average of $9.34. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 219.80 and a beta of 1.94.

Rover Group Company Profile

Rover Group, Inc operates an online marketplace for pet care worldwide. It connects pet parents with pet providers who offer overnight services, including boarding and in-home pet sitting, as well as daytime services, such as doggy daycare, dog walking, drop-in visits, grooming, and training. The company was founded in 2011 and is headquartered in Seattle, Washington.