Wag! Group Co. (NASDAQ:PET) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Wag! Group Co. (NASDAQ:PET) have been given an average rating of “Moderate Buy” by the six research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $4.40.

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

Insider Buying and Selling

In related news, major shareholder John P. Szabo, Jr. bought 50,000 shares of Wag! Group stock in a transaction that occurred on Monday, September 23rd. The shares were purchased at an average price of $0.93 per share, with a total value of $46,500.00. Following the purchase, the insider now owns 3,250,000 shares in the company, valued at $3,022,500. This represents a 1.56 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 118,121 shares of company stock worth $20,081 in the last quarter. Company insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On Wag! Group

A hedge fund recently raised its stake in Wag! Group stock. Whetstone Capital Advisors LLC boosted its stake in Wag! Group Co. (NASDAQ:PET) by 156.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,222,413 shares of the company’s stock after buying an additional 1,354,558 shares during the quarter. Wag! Group makes up about 0.9% of Whetstone Capital Advisors LLC’s holdings, making the stock its 25th biggest position. Whetstone Capital Advisors LLC owned about 4.55% of Wag! Group worth $1,911,000 as of its most recent filing with the SEC. 86.16% of the stock is owned by institutional investors.

Wag! Group Trading Down 3.0 %

NASDAQ PET opened at $0.22 on Monday. The business’s 50 day moving average is $0.51 and its two-hundred day moving average is $0.94. Wag! Group has a 12-month low of $0.14 and a 12-month high of $2.47. The stock has a market capitalization of $11.11 million, a price-to-earnings ratio of -0.57 and a beta of 1.22.

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.