Traders Purchase Large Volume of Rover Group Call Options (NASDAQ:ROVR)

Rover Group, Inc. (NASDAQ:ROVR) was the recipient of some unusual options trading on Wednesday. Stock traders bought 17,748 call options on the stock. This represents an increase of approximately 6,623% compared to the average daily volume of 264 call options.

Rover Group Price Performance

NASDAQ ROVR opened at $10.99 on Thursday. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 219.80 and a beta of 1.94. Rover Group has a 52 week low of $3.75 and a 52 week high of $11.10. The business has a 50 day moving average price of $10.98 and a 200-day moving average price of $9.84.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its position in Rover Group by 0.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 723,980 shares of the company’s stock worth $3,555,000 after purchasing an additional 2,114 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Rover Group by 75.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,138 shares of the company’s stock valued at $30,000 after buying an additional 2,645 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Rover Group by 26.6% during the 4th quarter. Victory Capital Management Inc. now owns 14,417 shares of the company’s stock valued at $157,000 after buying an additional 3,025 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Rover Group by 4.7% during the 4th quarter. Legal & General Group Plc now owns 91,668 shares of the company’s stock valued at $997,000 after buying an additional 4,146 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Rover Group by 42.2% during the 2nd quarter. Royal Bank of Canada now owns 14,315 shares of the company’s stock valued at $70,000 after buying an additional 4,245 shares during the last quarter. Hedge funds and other institutional investors own 79.52% of the company’s stock.

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.