Wag! Group Co. (NASDAQ:PET) Receives $4.40 Average Price Target from Analysts

Shares of Wag! Group Co. (NASDAQ:PET) have received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat Ratings 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 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $4.40.

Several analysts have recently weighed in on PET shares. Craig Hallum downgraded Wag! Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Lake Street Capital downgraded shares of Wag! Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th.

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 shares of Wag! Group Co. (NASDAQ:PET) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter. 86.16% of the stock is owned by institutional investors.

Wag! Group Stock Performance

Shares of PET stock opened at $0.30 on Friday. The stock has a 50 day moving average price of $0.33 and a 200 day moving average price of $0.80. The firm has a market capitalization of $14.95 million, a P/E ratio of -0.77 and a beta of 1.22. Wag! Group has a 52-week low of $0.14 and a 52-week high of $2.47.

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.