Brokerages Set Wag! Group Co. (NASDAQ:PET) PT at $4.40

Wag! Group Co. (NASDAQ:PET) has received an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $4.40.

PET has been the subject of several research 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 downgraded shares of Wag! Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

Wag! Group Stock Up 2.5 %

Wag! Group stock opened at $0.26 on Tuesday. The stock has a 50-day moving average price of $0.24 and a 200 day moving average price of $0.64. The company has a market capitalization of $12.84 million, a price-to-earnings ratio of -0.66 and a beta of 1.05. Wag! Group has a 52 week low of $0.14 and a 52 week high of $2.47.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wag! Group stock. Whetstone Capital Advisors LLC increased its stake in Wag! Group Co. (NASDAQ:PET) by 156.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,222,413 shares of the company’s stock after acquiring an additional 1,354,558 shares during the quarter. Wag! Group makes up about 0.9% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 25th biggest holding. Whetstone Capital Advisors LLC owned 4.55% of Wag! Group worth $1,911,000 as of its most recent filing with the SEC. 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.