Wag! Group Co. (NASDAQ:PET) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Wag! Group Co. (NASDAQ:PET) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $4.40.

A number of research analysts have recently issued reports on the stock. Oppenheimer dropped their price target on shares of Wag! Group from $6.00 to $3.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Lake Street Capital lowered shares of Wag! Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, Craig Hallum lowered Wag! Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

Wag! Group Stock Up 4.6 %

NASDAQ PET opened at $0.18 on Thursday. Wag! Group has a twelve month low of $0.14 and a twelve month high of $2.47. The company has a market capitalization of $9.11 million, a price-to-earnings ratio of -0.45 and a beta of 1.79. The stock has a fifty day simple moving average of $0.76 and a 200 day simple moving average of $1.19.

Insider Buying and Selling at Wag! Group

In other Wag! Group news, CMO Patrick Mccarthy sold 46,544 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $0.72, for a total value of $33,511.68. Following the completion of the sale, the chief marketing officer now owns 722,605 shares of the company’s stock, valued at approximately $520,275.60. This trade represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Alec Davidian sold 36,204 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $0.72, for a total value of $26,066.88. Following the transaction, the chief financial officer now directly owns 839,400 shares in the company, valued at $604,368. The trade was a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 199,383 shares of company stock valued at $143,556. Corporate insiders own 23.20% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wag! Group stock. Whetstone Capital Advisors LLC boosted its holdings in Wag! Group Co. (NASDAQ:PET) by 156.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,222,413 shares of the company’s stock after acquiring an additional 1,354,558 shares during the quarter. Wag! Group accounts for approximately 0.9% of Whetstone Capital Advisors LLC’s investment 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 SEC filing. 86.16% of the stock is currently owned by institutional investors and hedge funds.

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.