Rover Group, Inc. (NASDAQ:ROVR – Get Free Report) was the recipient of unusually large options trading on Wednesday. Investors purchased 17,748 call options on the stock. This represents an increase of 6,623% compared to the average volume of 264 call options.
Hedge Funds Weigh In On Rover Group
Several large investors have recently added to or reduced their stakes in ROVR. FIL Ltd bought a new stake in Rover Group in the fourth quarter valued at $78,526,000. BlackRock Inc. grew its holdings in Rover Group by 10.8% during the second quarter. BlackRock Inc. now owns 6,957,237 shares of the company’s stock worth $34,160,000 after acquiring an additional 680,084 shares during the period. Vanguard Group Inc. grew its holdings in Rover Group by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 6,718,442 shares of the company’s stock worth $73,097,000 after acquiring an additional 339,281 shares during the period. FMR LLC grew its holdings in Rover Group by 7.3% during the third quarter. FMR LLC now owns 5,215,856 shares of the company’s stock worth $32,651,000 after acquiring an additional 354,161 shares during the period. Finally, Glazer Capital LLC acquired a new position in Rover Group during the fourth quarter worth about $42,829,000. 79.52% of the stock is currently owned by institutional investors.
Rover Group Price Performance
Shares of ROVR opened at $10.99 on Thursday. The business’s fifty day moving average price is $10.98 and its 200 day moving average price is $9.84. Rover Group has a 12-month low of $3.75 and a 12-month high of $11.10. The stock has a market capitalization of $1.97 billion, a PE 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.
Featured Stories
- Five stocks we like better than Rover Group
- How to Buy Cheap Stocks Step by Step
- United Airlines Soars on Earnings Beat
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- J.B. Hunt Hits the Skids: Lower Prices to Come
- Airline Stocks – Top Airline Stocks to Buy Now
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Receive News & Ratings for Rover Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rover Group and related companies with MarketBeat.com's FREE daily email newsletter.
