Wag! Group (NASDAQ:PET) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Wag! Group (NASDAQ:PET) announced its quarterly earnings results on Monday. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02), Zacks reports. The firm had revenue of $15.80 million during the quarter, compared to analysts’ expectations of $15.80 million. Wag! Group had a negative return on equity of 6,427.25% and a negative net margin of 21.13%. Wag! Group updated its FY 2025 guidance to EPS.

Wag! Group Stock Performance

Wag! Group stock traded down $0.05 during mid-day trading on Monday, hitting $0.20. 1,468,307 shares of the company traded hands, compared to its average volume of 867,338. Wag! Group has a one year low of $0.14 and a one year high of $2.47. The stock has a market cap of $9.76 million, a price-to-earnings ratio of -0.50 and a beta of 1.02. The stock has a fifty day moving average price of $0.28 and a 200-day moving average price of $0.44.

Analysts Set New Price Targets

Separately, DA Davidson lowered their target price on shares of Wag! Group from $6.50 to $6.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Wag! Group has an average rating of “Moderate Buy” and a consensus target price of $4.90.

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.