Wag! Group Co. (NASDAQ:PET) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Wag! Group Co. (NASDAQ:PET) have been given a consensus rating of “Moderate Buy” by the six research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages 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 lowered Wag! Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Lake Street Capital downgraded shares of Wag! Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th.

Wag! Group Stock Performance

NASDAQ:PET opened at $0.22 on Monday. The firm has a 50-day simple moving average of $0.52 and a 200-day simple moving average of $0.95. Wag! Group has a one year low of $0.14 and a one year high of $2.47. The firm has a market cap of $11.11 million, a P/E ratio of -0.59 and a beta of 1.22.

Insider Buying and Selling

In other news, major shareholder John P. Szabo, Jr. acquired 50,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were acquired at an average cost of $0.93 per share, with a total value of $46,500.00. Following the completion of the acquisition, the insider now owns 3,250,000 shares of the company’s stock, valued at approximately $3,022,500. This trade represents a 1.56 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 118,121 shares of company stock worth $20,081 in the last three months. Corporate insiders own 23.20% of the company’s stock.

Institutional Trading of Wag! Group

An institutional investor recently raised its position in Wag! Group stock. Whetstone Capital Advisors LLC boosted its stake in shares of Wag! Group Co. (NASDAQ:PET) by 156.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm 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 approximately 0.9% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 25th biggest holding. Whetstone Capital Advisors LLC owned 4.55% of Wag! Group worth $1,911,000 as of its most recent filing with the SEC. 86.16% of the stock is currently owned by institutional investors.

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.