Morgan Stanley Sticks to Its Hold Rating for Rover Group (ROVR)

In a report released today, Lauren Schenk from Morgan Stanley maintained a Hold rating on Rover Group (ROVRResearch Report), with a price target of $5.00. The company’s shares opened today at $3.76.

According to TipRanks, Schenk is an analyst with an average return of -23.7% and a 47.76% success rate. Schenk covers the Consumer Goods sector, focusing on stocks such as Etsy, Rover Group, and Ebay.

Currently, the analyst consensus on Rover Group is a Strong Buy with an average price target of $6.19.

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Based on Rover Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $50.86 million and a GAAP net loss of $15.47 million. In comparison, last year the company earned a revenue of $35.15 million and had a GAAP net loss of $84.54 million

Based on the recent corporate insider activity of 34 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.

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Nebula Caravel Acquisition Corp is a blank check company.

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