Wag! Group Co. (NASDAQ:PET) Insider Sells $17,894.88 in Stock

Wag! Group Co. (NASDAQ:PET) insider Adam Storm sold 24,854 shares of the company’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 $17,894.88. Following the completion of the sale, the insider now owns 1,281,900 shares in the company, valued at approximately $922,968. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Adam Storm also recently made the following trade(s):

• On Monday, June 17th, Adam Storm sold 7,477 shares of Wag! Group stock. The stock was sold at an average price of $1.49, for a total value of $11,140.73.
• On Friday, June 14th, Adam Storm sold 7,812 shares of Wag! Group stock. The shares were sold at an average price of $1.54, for a total value of $12,030.48.

Wag! Group Stock Performance

NASDAQ:PET traded down $0.01 during mid-day trading on Thursday, hitting $0.74. 175,707 shares of the stock were exchanged, compared to its average volume of 109,770. The stock has a market capitalization of $30.07 million, a price-to-earnings ratio of -2.06 and a beta of 1.75. The firm’s 50-day simple moving average is $1.09 and its 200 day simple moving average is $1.63. The company has a debt-to-equity ratio of 15.59, a quick ratio of 1.44 and a current ratio of 1.44. Wag! Group Co. has a fifty-two week low of $0.66 and a fifty-two week high of $2.47.

Wag! Group (NASDAQ:PET) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). The business had revenue of $18.65 million during the quarter, compared to analysts’ expectations of $18.60 million. Wag! Group had a negative return on equity of 1,880.60% and a negative net margin of 14.24%. As a group, equities analysts anticipate that Wag! Group Co. will post -0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PET has been the topic of several research reports. Lake Street Capital began coverage on shares of Wag! Group in a report on Thursday, May 30th. They issued a “buy” rating and a $4.00 price objective on the stock. DA Davidson lowered their price target on shares of Wag! Group from $6.00 to $3.50 and set a “buy” rating on the stock in a report on Thursday, May 16th. Roth Mkm reduced their price objective on Wag! Group from $4.00 to $3.50 and set a “buy” rating for the company in a report on Tuesday, July 16th. Finally, Oppenheimer decreased 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. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Wag! Group has an average rating of “Buy” and an average price target of $4.40.

Hedge Funds Weigh In On Wag! Group

A hedge fund recently bought a new stake in Wag! Group stock. Cowen AND Company LLC acquired a new stake in Wag! Group Co. (NASDAQ:PET) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund 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 at the end of the most recent reporting period. Institutional investors and hedge funds 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.