JMP Securities analyst Andrew Boone reiterated a Buy rating on Rover Group (ROVR – Research Report) today and set a price target of $11.00. The company’s shares closed last Monday at $5.30, close to its 52-week low of $4.27.
According to TipRanks.com, Boone ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -18.1% and a 19.8% success rate. Boone covers the Technology sector, focusing on stocks such as DoubleVerify Holdings, Zillow Group Class A, and Fiverr International.
Currently, the analyst consensus on Rover Group is a Strong Buy with an average price target of $8.40, representing a 45.1% upside. In a report issued on May 5, Stifel Nicolaus also maintained a Buy rating on the stock with a $10.00 price target.
See the top stocks recommended by analysts >>
Based on Rover Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $38.01 million and net profit of $33.88 million. In comparison, last year the company earned revenue of $13.26 million and had a GAAP net loss of $10.36 million.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is neutral on the stock.
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.
Read More on ROVR:
- Rocket Lab USA (RKLB) Gets a Buy Rating from Deutsche Bank
- Upstart Holdings (UPST) Gets a Buy Rating from JMP Securities
- MarketWise (MKTW) Receives a Buy from JMP Securities
- JMP Securities Sticks to Their Buy Rating for Oportun Financial (OPRT)
- Owl Rock Capital (ORCC) Gets a Buy Rating from JMP Securities
