Brokerages Set Wag! Group Co. (NASDAQ:PET) PT at $4.90

Shares of Wag! Group Co. (NASDAQ:PET) have received a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $4.90.

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

Institutional Inflows and Outflows

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% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 about 4.55% of Wag! Group worth $1,911,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 86.16% of the company’s stock.

Wag! Group Price Performance

Shares of NASDAQ PET opened at $0.25 on Wednesday. The company has a market cap of $12.26 million, a price-to-earnings ratio of -0.63 and a beta of 1.02. The stock’s 50-day moving average is $0.28 and its two-hundred day moving average is $0.44. Wag! Group has a 1-year low of $0.14 and a 1-year 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.