Renaissance Technologies LLC Has $75,000 Position in Wag! Group Co. (NASDAQ:PET)

Renaissance Technologies LLC reduced its holdings in Wag! Group Co. (NASDAQ:PET) by 60.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,122 shares of the company’s stock after selling 72,432 shares during the period. Renaissance Technologies LLC owned approximately 0.12% of Wag! Group worth $75,000 as of its most recent SEC filing.

Separately, Cowen AND Company LLC acquired a new position in Wag! Group in the second quarter valued at approximately $72,000. Institutional investors and hedge funds own 86.16% of the company’s stock.

Insider Buying and Selling at Wag! Group

In related news, major shareholder John P. Szabo, Jr. acquired 90,000 shares of the stock in a transaction dated Wednesday, July 17th. The stock was bought at an average price of $1.41 per share, with a total value of $126,900.00. Following the completion of the transaction, the insider now directly owns 660,000 shares of the company’s stock, valued at approximately $930,600. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder John P. Szabo, Jr. acquired 90,000 shares of the stock in a transaction dated Wednesday, July 17th. The stock was bought at an average price of $1.41 per share, with a total value of $126,900.00. Following the completion of the transaction, the insider now directly owns 660,000 shares of the company’s stock, valued at approximately $930,600. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Alec Davidian sold 36,204 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $0.72, for a total transaction of $26,066.88. Following the sale, the chief financial officer now directly owns 839,400 shares of the company’s stock, valued at $604,368. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 201,519 shares of company stock valued at $223,846 and sold 251,727 shares valued at $188,048. Insiders own 23.20% of the company’s stock.

Analyst Upgrades and Downgrades

PET has been the topic of several analyst reports. Roth Mkm cut their price objective on shares of Wag! Group from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, July 16th. Oppenheimer cut their price objective on shares of Wag! Group from $6.00 to $3.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $4.40.

Wag! Group Stock Performance

Shares of NASDAQ:PET opened at $0.77 on Tuesday. Wag! Group Co. has a 52 week low of $0.66 and a 52 week high of $2.47. The company has a market capitalization of $31.14 million, a PE ratio of -2.13 and a beta of 1.75. The company has a 50 day moving average price of $0.85 and a two-hundred day moving average price of $1.43.

Wag! Group (NASDAQ:PET) last issued its earnings results on Wednesday, August 7th. The company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). Wag! Group had a negative net margin of 14.24% and a negative return on equity of 1,880.60%. The firm had revenue of $18.65 million during the quarter, compared to the consensus estimate of $18.60 million. On average, sell-side analysts forecast that Wag! Group Co. will post -0.2 earnings per share for the current year.

Wag! Group Company Profile

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.