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Rover Group Inc - ROVR STOCK NEWS

Welcome to our dedicated news page for Rover Group (Ticker: ROVR), a resource for investors and traders seeking the latest updates and insights on Rover Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Rover Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Rover Group's position in the market.

News
Blackstone Completes Acquisition of Rover
Rhea-AI Summary
Rover Group, Inc. completes a $2.3 billion acquisition by Blackstone, offering $11.00 per share to stockholders, leading to delisting from Nasdaq. The partnership aims to enhance Rover's growth and innovation in the pet care market.
Rhea-AI Impact
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End-of-Day
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Rover Announces Expiration of Hart-Scott-Rodino Waiting Period
Rhea-AI Summary
Rover Group, Inc. (ROVR) announced that the waiting period under the HSR Act for its acquisition by Blackstone Inc. has expired, bringing the deal closer to closing. The acquisition is still subject to other customary closing conditions, including approval by Rover stockholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
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Rover Announces Expiration of “Go-Shop” Period
Rhea-AI Summary
Rover Group, Inc. (Nasdaq: ROVR) announced the expiration of the 30-day 'go-shop' period under the terms of the previously announced merger agreement with Blackstone Inc. The acquisition is valued at approximately $2.3 billion and is expected to close in the first quarter of 2024, subject to customary closing conditions and approval by Rover stockholders.
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Rover Agrees to be Acquired by Blackstone in $2.3 Billion Transaction
Rhea-AI Summary
Rover Group, Inc. (Nasdaq: ROVR) has agreed to be acquired by Blackstone in an all-cash transaction valued at approximately $2.3 billion, with stockholders receiving $11.00 per share in cash, representing a 61% premium over the 90 trading-day VWAP. The acquisition aims to support Rover's growth and expansion initiatives, enabling it to further accelerate investment priorities and expand its global footprint.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
28.94%
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acquisition
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News
Rover to Participate at D.A. Davidson Technology Summit
Rhea-AI Summary
Rover Group, Inc. (ROVR) Announces Participation in D.A. Davidson Technology Summit on November 16, 2023
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Rover Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
Rover Group, Inc. reported impressive third-quarter financial results, with revenue reaching $66.2 million, a 30% increase YoY. The company achieved a GAAP net income of $10.5 million compared to a net loss of $15.5 million in Q3 2022. Adjusted EBITDA also improved to $17.5 million, up from $10.2 million in the same period last year. In addition, Rover raised its full-year 2023 guidance and approved an extension of its share repurchase program with an additional $100 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.03%
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earnings
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Rover to Announce Third Quarter 2023 Financial Results on November 6, 2023
Rhea-AI Summary
Rover Group, Inc. to report third quarter 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.12%
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earnings
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News
Rover to Present at Jefferies Pet Care & Wellness Conference
Rhea-AI Summary
Rover Group, Inc. announces presentation at Jefferies Virtual Pet Care & Wellness Conference on Sept. 28, 2023.
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Rover to Present at Upcoming Investor Conferences
Rhea-AI Summary
Rover Group, Inc. (Nasdaq: ROVR) will be presenting and hosting one-on-one meetings at investor conferences. The presentations will be available via live webcast on Rover’s investor relations website. Rover encourages investors to review the information it makes public on its website and social media channels.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.47%
Tags
conferences
News
Rover Reports Second Quarter 2023 Financial Results
Rhea-AI Summary
Rover Group, Inc. reported a strong second quarter with a 35% increase in revenue and bottom line margin expansion. The company's European markets are also showing progress. The company raised its full year 2023 guidance, expecting increased revenue and adjusted EBITDA. They anticipate revenue in the range of $222-$227 million and adjusted EBITDA in the range of $37-$41 million. The company has also implemented a share repurchase program, repurchasing approximately 5.6 million shares for $26 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.7%
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earnings
Stock ROVR logo
Rover Group Inc

Nasdaq:ROVR

ROVR Rankings

N/A Ranked by Market Cap
#409 Ranked by Stock Gains
N/A Ranked by Dividends

ROVR Stock Data

2.00B
130.87M
3.08%
89.23%
1.73%
Offices of Lawyers
Professional, Scientific, and Technical Services
Link
United States
Seattle

About ROVR

Rover.com is an American company which operates an online marketplace for people to buy and sell pet care services including pet sitting, dog boarding, and dog walking. Rover.com was founded in 2011 in Seattle, Washington and is formally incorporated under the name "A Place for Rover, Inc.