Analysts Set Wag! Group Co. (NASDAQ:PET) Target Price at $4.40

Shares of Wag! Group Co. (NASDAQ:PET) have earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $4.40.

A number of analysts have recently issued reports on the stock. Lake Street Capital downgraded shares of Wag! Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Craig Hallum downgraded shares of Wag! Group from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

Wag! Group Price Performance

PET opened at $0.27 on Friday. The company has a fifty day moving average price of $0.29 and a 200-day moving average price of $0.78. The firm has a market capitalization of $13.49 million, a P/E ratio of -0.69 and a beta of 1.05. Wag! Group has a one year low of $0.14 and a one year high of $2.47.

Institutional Trading of Wag! Group

An institutional investor recently bought a new position in Wag! Group stock. Cowen AND Company LLC acquired a new stake in shares of Wag! Group Co. (NASDAQ:PET) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,000 shares of the company’s stock, valued at approximately $72,000. Cowen AND Company LLC owned about 0.11% of Wag! Group at the end of the most recent quarter. Institutional investors own 86.16% of the company’s stock.

Wag! Group Company Profile

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.