Dylan Allread Sells 25,493 Shares of Wag! Group Co. (NASDAQ:PET) Stock

Wag! Group Co. (NASDAQ:PET) COO Dylan Allread sold 25,493 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $0.72, for a total transaction of $18,354.96. Following the completion of the transaction, the chief operating officer now owns 605,439 shares in the company, valued at approximately $435,916.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dylan Allread also recently made the following trade(s):

• On Monday, August 19th, Dylan Allread sold 8,415 shares of Wag! Group stock. The stock was sold at an average price of $0.85, for a total transaction of $7,152.75.
• On Tuesday, July 16th, Dylan Allread sold 6,173 shares of Wag! Group stock. The shares were sold at an average price of $1.55, for a total transaction of $9,568.15.
• On Friday, June 14th, Dylan Allread sold 25,497 shares of Wag! Group stock. The shares were sold at an average price of $1.55, for a total transaction of $39,520.35.

Wag! Group Price Performance

PET stock opened at $0.74 on Friday. The company has a market capitalization of $36.02 million, a P/E ratio of -2.05 and a beta of 1.75. Wag! Group Co. has a 52-week low of $0.66 and a 52-week high of $2.47. The business has a 50-day simple moving average of $1.06 and a two-hundred day simple moving average of $1.61. The company has a debt-to-equity ratio of 15.59, a quick ratio of 1.44 and a current ratio of 1.44.

Wag! Group (NASDAQ:PET) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). The business had revenue of $18.65 million during the quarter, compared to the consensus estimate of $18.60 million. Wag! Group had a negative return on equity of 1,880.60% and a negative net margin of 14.24%. Research analysts expect that Wag! Group Co. will post -0.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Lake Street Capital assumed coverage on shares of Wag! Group in a research report on Thursday, May 30th. They set a “buy” rating and a $4.00 target price on the stock. Oppenheimer dropped their target price on shares of Wag! Group from $6.00 to $3.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, Roth Mkm lowered their target price on Wag! Group from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $4.40.

Institutional Trading of Wag! Group

An institutional investor recently bought a new position in Wag! Group stock. Cowen AND Company LLC bought a new stake in Wag! Group Co. (NASDAQ:PET) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 45,000 shares of the company’s stock, valued at approximately $72,000. Cowen AND Company LLC owned approximately 0.11% of Wag! Group as of its most recent SEC filing. Institutional investors and hedge funds own 86.16% of the company’s stock.

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.