Wag! Group Co. (NASDAQ:PET) COO Sells $39,520.35 in Stock

Wag! Group Co. (NASDAQ:PET) COO Dylan Allread sold 25,497 shares of Wag! Group stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $1.55, for a total value of $39,520.35. Following the sale, the chief operating officer now owns 650,566 shares in the company, valued at approximately $1,008,377.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Dylan Allread also recently made the following trade(s):

• On Wednesday, June 12th, Dylan Allread sold 564 shares of Wag! Group stock. The stock was sold at an average price of $1.58, for a total value of $891.12.
• On Thursday, June 6th, Dylan Allread sold 2,480 shares of Wag! Group stock. The stock was sold at an average price of $1.57, for a total value of $3,893.60.
• On Tuesday, June 4th, Dylan Allread sold 200 shares of Wag! Group stock. The stock was sold at an average price of $1.55, for a total value of $310.00.
• On Monday, May 20th, Dylan Allread sold 8,693 shares of Wag! Group stock. The stock was sold at an average price of $1.70, for a total value of $14,778.10.
• On Thursday, May 16th, Dylan Allread sold 9,022 shares of Wag! Group stock. The stock was sold at an average price of $2.04, for a total value of $18,404.88.
• On Tuesday, May 14th, Dylan Allread sold 10,058 shares of Wag! Group stock. The stock was sold at an average price of $2.25, for a total value of $22,630.50.
• On Friday, April 19th, Dylan Allread sold 9,981 shares of Wag! Group stock. The stock was sold at an average price of $2.08, for a total value of $20,760.48.
• On Wednesday, April 17th, Dylan Allread sold 35,855 shares of Wag! Group stock. The stock was sold at an average price of $2.12, for a total value of $76,012.60.
• On Monday, April 15th, Dylan Allread sold 700 shares of Wag! Group stock. The shares were sold at an average price of $2.07, for a total value of $1,449.00.
• On Wednesday, March 20th, Dylan Allread sold 3,429 shares of Wag! Group stock. The shares were sold at an average price of $1.97, for a total value of $6,755.13.

Wag! Group Stock Performance

Wag! Group stock opened at $1.44 on Thursday. The firm’s fifty day simple moving average is $1.90 and its 200-day simple moving average is $1.91. The company has a debt-to-equity ratio of 15.59, a quick ratio of 1.33 and a current ratio of 1.33. Wag! Group Co. has a 1-year low of $1.42 and a 1-year high of $2.65.

Wag! Group (NASDAQ:PET) last posted its earnings results on Thursday, May 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.03. Wag! Group had a negative net margin of 15.92% and a negative return on equity of 553.34%. The business had revenue of $23.22 million for the quarter, compared to analyst estimates of $22.60 million. On average, equities research analysts expect that Wag! Group Co. will post -0.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PET. SVB Wealth LLC grew its position in Wag! Group by 100.0% in the 4th quarter. SVB Wealth LLC now owns 140,000 shares of the company’s stock worth $245,000 after purchasing an additional 70,000 shares during the last quarter. ATW Spac Management LLC acquired a new stake in shares of Wag! Group during the 3rd quarter valued at about $117,000. Finally, Cerity Partners LLC acquired a new stake in shares of Wag! Group during the 4th quarter valued at about $40,000. 86.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PET. DA Davidson lowered their price objective on Wag! Group from $6.00 to $3.50 and set a “buy” rating on the stock in a report on Thursday, May 16th. Chardan Capital restated a “buy” rating and set a $8.00 price objective on shares of Wag! Group in a research report on Friday, May 10th. Finally, Lake Street Capital initiated coverage on shares of Wag! Group in a research report on Thursday, May 30th. They issued a “buy” rating and a $4.00 price target for the company.

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.