MMCAP International Inc. SPC Decreases Holdings in Wag! Group Co. (NASDAQ:PET)

MMCAP International Inc. SPC decreased its position in shares of Wag! Group Co. (NASDAQ:PET) by 12.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 531,392 shares of the company’s stock after selling 75,000 shares during the quarter. MMCAP International Inc. SPC’s holdings in Wag! Group were worth $127,000 at the end of the most recent quarter.

Separately, Whetstone Capital Advisors LLC lifted its stake in Wag! Group by 156.1% in the 3rd quarter. Whetstone Capital Advisors LLC now owns 2,222,413 shares of the company’s stock valued at $1,911,000 after buying an additional 1,354,558 shares in the last quarter. Institutional investors own 86.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. DA Davidson reduced their target price on Wag! Group from $6.50 to $6.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Lake Street Capital lowered Wag! Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, Craig Hallum lowered Wag! Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $4.90.

Wag! Group Stock Down 10.1 %

Shares of Wag! Group stock opened at $0.25 on Wednesday. Wag! Group Co. has a fifty-two week low of $0.14 and a fifty-two week high of $2.47. The firm has a market cap of $12.51 million, a PE ratio of -0.64 and a beta of 1.07. The business’s fifty day moving average is $0.28 and its two-hundred day moving average is $0.52.

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.