Wag! Group Co. (NASDAQ:PET) Receives $4.40 Average Target Price from Analysts

Wag! Group Co. (NASDAQ:PET) has earned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $4.40.

Several research firms have issued reports on PET. Craig Hallum cut Wag! Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Lake Street Capital cut Wag! Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th.

Insider Activity

In related news, major shareholder John P. Szabo, Jr. bought 50,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was purchased at an average cost of $0.93 per share, with a total value of $46,500.00. Following the purchase, the insider now directly owns 3,250,000 shares of the company’s stock, valued at $3,022,500. This trade represents a 1.56 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 118,121 shares of company stock valued at $20,081. 23.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wag! Group stock. Whetstone Capital Advisors LLC increased its position in Wag! Group Co. (NASDAQ:PET) by 156.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,222,413 shares of the company’s stock after purchasing an additional 1,354,558 shares during the period. Wag! Group accounts for about 0.9% of Whetstone Capital Advisors LLC’s holdings, making the stock its 25th biggest holding. Whetstone Capital Advisors LLC owned 4.55% of Wag! Group worth $1,911,000 at the end of the most recent reporting period. Institutional investors own 86.16% of the company’s stock.

Wag! Group Stock Down 3.0 %

PET stock opened at $0.22 on Monday. The business has a fifty day moving average of $0.51 and a two-hundred day moving average of $0.94. The stock has a market cap of $11.11 million, a price-to-earnings ratio of -0.57 and a beta of 1.22. Wag! Group has a 52-week low of $0.14 and a 52-week high of $2.47.

About Wag! Group

Wag! Group Co develops and supports a proprietary marketplace technology platform available as a website and mobile app that enables independent pet caregivers to connect with pet parents. Its platform allows pet parents, who require specific pet care services, such as dog walking, pet sitting and boarding, advice from licensed pet experts, home visits, training, and pet insurance comparison tools.