JMP Securities Keeps Their Buy Rating on Rover Group (ROVR)

JMP Securities analyst Andrew Boone reiterated a Buy rating on Rover Group (ROVRResearch Report) today and set a price target of $8.00. The company’s shares closed yesterday at $4.12.

Boone covers the Technology sector, focusing on stocks such as Snap, Upstart Holdings, and Shopify. According to TipRanks, Boone has an average return of -28.6% and a 15.92% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rover Group with a $5.58 average price target.

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Based on Rover Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $43.37 million and a GAAP net loss of $3.63 million. In comparison, last year the company earned a revenue of $24.48 million and had a GAAP net loss of $2.81 million

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ROVR in relation to earlier this year. Most recently, in September 2022, Wickers Charles, the CFO of ROVR bought 13,244.00 shares for a total of $4,994.99.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Nebula Caravel Acquisition Corp is a blank check company.

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