Wag! Group (NASDAQ:PET) Stock Price Down 0.4% – Should You Sell?

Posted by Maurice Goldstein on Jan 26th, 2025

Wag! Group Co. (NASDAQ:PET – Get Free Report) traded down 0.4% during mid-day trading on Friday . The company traded as low as $0.25 and last traded at $0.26. 830,248 shares traded hands during trading, an increase of 36% from the average session volume of 608,983 shares. The stock had previously closed at $0.26.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Lake Street Capital downgraded Wag! Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Craig Hallum cut shares of Wag! Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Wag! Group has a consensus rating of “Moderate Buy” and a consensus price target of $4.40.

Read Our Latest Research Report on PET

Wag! Group Stock Down 0.4 %

The company has a 50-day moving average price of $0.23 and a 200 day moving average price of $0.67.

Institutional Trading of Wag! Group

A hedge fund recently raised its stake in Wag! Group stock. Whetstone Capital Advisors LLC grew its stake in Wag! Group Co. (NASDAQ:PET – Free Report) by 156.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,222,413 shares of the company’s stock after acquiring an additional 1,354,558 shares during the period. Wag! Group accounts for approximately 0.9% of Whetstone Capital Advisors LLC’s holdings, making the stock its 25th largest position. Whetstone Capital Advisors LLC owned approximately 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 hedge funds and other institutional investors.

Wag! Group Company Profile

(Get Free Report)

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.