Wag! Group Co. (NASDAQ:PET) COO Dylan Allread Sells 25,497 Shares

Wag! Group Co. (NASDAQ:PET) COO Dylan Allread sold 25,497 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $1.55, for a total value of $39,520.35. Following the completion of the sale, the chief operating officer now owns 650,566 shares of the company’s stock, valued at $1,008,377.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, June 12th, Dylan Allread sold 564 shares of Wag! Group stock. The shares were sold at an average price of $1.58, for a total value of $891.12.
• On Thursday, June 6th, Dylan Allread sold 2,480 shares of Wag! Group stock. The shares were sold at an average price of $1.57, for a total value of $3,893.60.
• On Tuesday, June 4th, Dylan Allread sold 200 shares of Wag! Group stock. The shares were sold at an average price of $1.55, for a total value of $310.00.
• On Monday, May 20th, Dylan Allread sold 8,693 shares of Wag! Group stock. The shares were sold at an average price of $1.70, for a total value of $14,778.10.
• On Thursday, May 16th, Dylan Allread sold 9,022 shares of Wag! Group stock. The shares were sold at an average price of $2.04, for a total value of $18,404.88.
• On Tuesday, May 14th, Dylan Allread sold 10,058 shares of Wag! Group stock. The shares were sold at an average price of $2.25, for a total value of $22,630.50.
• On Friday, April 19th, Dylan Allread sold 9,981 shares of Wag! Group stock. The stock was sold at an average price of $2.08, for a total value of $20,760.48.
• On Wednesday, April 17th, Dylan Allread sold 35,855 shares of Wag! Group stock. The stock was sold at an average price of $2.12, for a total value of $76,012.60.
• On Monday, April 15th, Dylan Allread sold 700 shares of Wag! Group stock. The stock was sold at an average price of $2.07, for a total value of $1,449.00.
• On Wednesday, March 20th, Dylan Allread sold 3,429 shares of Wag! Group stock. The stock was sold at an average price of $1.97, for a total value of $6,755.13.

Wag! Group Trading Down 2.6 %

Shares of Wag! Group stock opened at $1.51 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 15.59. The firm has a market cap of $61.34 million, a price-to-earnings ratio of -4.19 and a beta of 1.77. The business has a fifty day simple moving average of $1.93 and a 200-day simple moving average of $1.92. Wag! Group Co. has a fifty-two week low of $1.42 and a fifty-two week high of $2.65.

Wag! Group (NASDAQ:PET) last announced its earnings results on Thursday, May 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.03. The company had revenue of $23.22 million for the quarter, compared to analyst estimates of $22.60 million. Wag! Group had a negative return on equity of 553.34% and a negative net margin of 15.92%. On average, equities analysts forecast that Wag! Group Co. will post -0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PET has been the subject of a number of analyst reports. Chardan Capital reiterated a “buy” rating and set a $8.00 price target on shares of Wag! Group in a research report on Friday, May 10th. DA Davidson cut their price objective on Wag! Group from $6.00 to $3.50 and set a “buy” rating for the company in a report on Thursday, May 16th. Finally, Lake Street Capital initiated coverage on Wag! Group in a report on Thursday, May 30th. They issued a “buy” rating and a $4.00 price objective for the company.

Institutional Investors Weigh In On Wag! Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Cerity Partners LLC acquired a new stake in shares of Wag! Group during the fourth quarter worth $40,000. ATW Spac Management LLC acquired a new stake in shares of Wag! Group during the third quarter worth $117,000. Finally, SVB Wealth LLC raised its position in shares of Wag! Group by 100.0% during the fourth quarter. SVB Wealth LLC now owns 140,000 shares of the company’s stock worth $245,000 after purchasing an additional 70,000 shares during the period. 86.16% of the stock is owned by institutional investors and hedge funds.

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.