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

Shares of Wag! Group Co. (NASDAQ:PET) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $4.40.

PET has been the topic of a number of research analyst reports. Oppenheimer reduced their target price on Wag! Group from $6.00 to $3.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Craig Hallum downgraded Wag! Group from a “buy” rating to a “hold” rating in a research report on Thursday.

Wag! Group Price Performance

Wag! Group stock traded down $0.02 during trading on Thursday, reaching $0.19. 997,062 shares of the company were exchanged, compared to its average volume of 181,286. Wag! Group has a 52-week low of $0.17 and a 52-week high of $2.47. The company has a market capitalization of $9.45 million, a P/E ratio of -0.60 and a beta of 1.79. The stock’s 50 day simple moving average is $0.78 and its two-hundred day simple moving average is $1.22.

Insider Activity at Wag! Group

In other news, major shareholder John P. Szabo, Jr. acquired 61,519 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average price of $0.82 per share, for a total transaction of $50,445.58. Following the acquisition, the insider now owns 3,061,519 shares of the company’s stock, valued at $2,510,445.58. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder John P. Szabo, Jr. acquired 61,519 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average price of $0.82 per share, for a total transaction of $50,445.58. Following the acquisition, the insider now owns 3,061,519 shares of the company’s stock, valued at $2,510,445.58. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alec Davidian sold 36,204 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $604,368. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 251,727 shares of company stock worth $188,048. 23.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wag! Group stock. Cowen AND Company LLC bought a new position in shares of Wag! Group Co. (NASDAQ:PET) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 45,000 shares of the company’s stock, valued at approximately $72,000. Cowen AND Company LLC owned approximately 0.11% of Wag! Group at the end of the most recent reporting period. Institutional investors own 86.16% of the company’s stock.

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.