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

Wag! Group Co. (NASDAQ:PET) has been given an average rating of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $4.90.

Several equities research analysts have recently commented on PET shares. Lake Street Capital downgraded shares of Wag! Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. DA Davidson cut their target price on shares of Wag! Group from $6.50 to $6.00 and set a “buy” rating for the company in a research note on Friday. Finally, Craig Hallum lowered Wag! Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

Wag! Group Trading Down 1.5 %

PET stock opened at $0.30 on Friday. The business’s 50 day moving average is $0.27 and its 200-day moving average is $0.54. The firm has a market cap of $14.75 million, a P/E ratio of -0.76 and a beta of 1.07. Wag! Group has a 1-year low of $0.14 and a 1-year high of $2.47.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wag! Group stock. Whetstone Capital Advisors LLC boosted its position in Wag! Group Co. (NASDAQ:PET) by 156.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 0.9% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 25th largest position. Whetstone Capital Advisors LLC owned 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 hedge funds and other institutional investors.

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.