Wag! Group (NASDAQ:PET) Trading Down 0.4% – What’s Next?

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

Wall Street Analyst Weigh In

PET has been the subject of a number of analyst reports. Craig Hallum downgraded shares of Wag! Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Lake Street Capital lowered Wag! Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $4.40.

Wag! Group Trading Down 0.4 %

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

Institutional Trading of Wag! Group

An institutional investor recently raised its position in Wag! Group stock. Whetstone Capital Advisors LLC increased its holdings in Wag! Group Co. (NASDAQ:PET) by 156.1% in the 3rd quarter, according to the company in its most recent 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 quarter. Wag! Group comprises about 0.9% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Whetstone Capital Advisors LLC owned about 4.55% of Wag! Group worth $1,911,000 at the end of the most recent quarter. 86.16% of the stock is currently owned by institutional investors and hedge funds.

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.