Wag! Group Co. (NASDAQ:PET) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Wag! Group Co. (NASDAQ:PET) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $4.40.

PET has been the topic of a number of research analyst reports. Lake Street Capital cut shares of Wag! Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Craig Hallum lowered shares of Wag! Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

Wag! Group Trading Up 19.6 %

Shares of PET stock opened at $0.29 on Friday. Wag! Group has a 12-month low of $0.14 and a 12-month high of $2.47. The business’s 50 day moving average is $0.34 and its two-hundred day moving average is $0.82. The company has a market capitalization of $14.19 million, a P/E ratio of -0.73 and a beta of 1.22.

Institutional Trading of Wag! Group

An institutional investor recently raised its position in Wag! Group stock. Whetstone Capital Advisors LLC lifted its stake in shares of Wag! Group Co. (NASDAQ:PET) by 156.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,222,413 shares of the company’s stock after acquiring an additional 1,354,558 shares during the period. Wag! Group accounts for approximately 0.9% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 25th biggest position. Whetstone Capital Advisors LLC owned about 4.55% of Wag! Group worth $1,911,000 at the end of the most recent reporting period. 86.16% of the stock is owned by institutional investors and hedge funds.

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.