DA Davidson Lowers Wag! Group (NASDAQ:PET) Price Target to $6.00

Wag! Group (NASDAQ:PET) had its price target cut by DA Davidson from $6.50 to $6.00 in a research note issued on Friday, MarketBeat reports. The firm currently has a “buy” rating on the stock.

Other equities research analysts have also issued research reports about the stock. Craig Hallum lowered shares of Wag! Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Lake Street Capital lowered shares of Wag! Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $4.90.

Wag! Group Stock Performance

NASDAQ:PET opened at $0.30 on Friday. The firm has a market cap of $14.75 million, a price-to-earnings ratio of -0.76 and a beta of 1.07. Wag! Group has a 52 week low of $0.14 and a 52 week high of $2.47. The firm has a 50-day moving average price of $0.27 and a two-hundred day moving average price of $0.53.

Institutional Investors Weigh In On 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. The firm owned 2,222,413 shares of the company’s stock after buying an additional 1,354,558 shares during the period. Wag! Group accounts for 0.9% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Whetstone Capital Advisors LLC owned approximately 4.55% of Wag! Group worth $1,911,000 as of its most recent SEC filing. 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.