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

Wag! Group Co. (NASDAQ:PET) has received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $4.40.

Several brokerages have recently issued reports on PET. Craig Hallum cut Wag! Group from a “buy” rating to a “hold” rating in a research note on Thursday. Oppenheimer reduced their price objective on Wag! Group from $6.00 to $3.00 and set an “outperform” rating for the company in a research note on Friday, August 9th.

Insider Activity at Wag! Group

In other Wag! Group news, CFO Alec Davidian sold 36,204 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 $26,066.88. Following the sale, the chief financial officer now directly owns 839,400 shares of the company’s stock, valued at approximately $604,368. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Wag! Group news, CFO Alec Davidian sold 36,204 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 $26,066.88. Following the sale, the chief financial officer now directly owns 839,400 shares of the company’s stock, valued at approximately $604,368. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Patrick Mccarthy sold 46,544 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were 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 directly owns 722,605 shares in the company, valued at approximately $520,275.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 251,727 shares of company stock worth $188,048. 23.20% of the stock is owned by corporate insiders.

Institutional Trading of Wag! Group

An institutional investor recently bought a new position in Wag! Group stock. Cowen AND Company LLC acquired a new position in shares of Wag! Group Co. (NASDAQ:PET) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 45,000 shares of the company’s stock, valued at approximately $72,000. Cowen AND Company LLC owned approximately 0.11% of Wag! Group as of its most recent filing with the Securities & Exchange Commission. 86.16% of the stock is currently owned by institutional investors.

Wag! Group Stock Down 7.8 %

Shares of NASDAQ:PET traded down $0.02 during trading on Thursday, hitting $0.19. The stock had a trading volume of 997,062 shares, compared to its average volume of 181,286. Wag! Group has a 12-month low of $0.17 and a 12-month high of $2.47. The stock has a market capitalization of $9.45 million, a price-to-earnings ratio of -0.60 and a beta of 1.79. The stock has a 50-day simple moving average of $0.78 and a two-hundred day simple moving average of $1.22.

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.