Wag! Group Co. (NASDAQ:PET) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Wag! Group Co. (NASDAQ:PET) have earned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Two equities research 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 brokers that have updated their coverage on the stock in the last year is $4.90.

Separately, DA Davidson decreased their target price on Wag! Group from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Friday, February 21st.

Wag! Group Price Performance

PET stock opened at $0.19 on Wednesday. The company has a market capitalization of $9.36 million, a price-to-earnings ratio of -0.48 and a beta of 1.02. Wag! Group has a 1-year low of $0.14 and a 1-year high of $2.47. The business has a 50 day simple moving average of $0.27 and a two-hundred day simple moving average of $0.43.

Wag! Group (NASDAQ:PET) last posted its earnings results on Monday, March 24th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The company had revenue of $15.80 million for the quarter, compared to analysts’ expectations of $15.80 million. Wag! Group had a negative net margin of 21.13% and a negative return on equity of 6,427.25%.

Institutional Trading of Wag! Group

A hedge fund recently raised its stake in Wag! Group stock. Whetstone Capital Advisors LLC grew its stake in Wag! Group Co. (NASDAQ:PET) by 156.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (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 makes up about 0.9% of Whetstone Capital Advisors LLC’s portfolio, 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 Securities and Exchange Commission (SEC). Hedge funds and other institutional investors 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.