Wag! Group Co. (NASDAQ:PET – Get Free Report) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 45,200 shares, a growth of 177.3% from the February 29th total of 16,300 shares. Based on an average daily volume of 74,600 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the shares of the stock are short sold.
Wag! Group Price Performance
NASDAQ:PET opened at $1.92 on Thursday. Wag! Group has a 52 week low of $1.59 and a 52 week high of $2.70. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 15.59. The company has a market capitalization of $77.53 million, a P/E ratio of -5.49 and a beta of 2.34. The stock’s fifty day moving average is $2.02 and its two-hundred day moving average is $1.87.
Wag! Group (NASDAQ:PET – Get Free Report) last posted its earnings results on Wednesday, February 14th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). Wag! Group had a negative net margin of 15.87% and a negative return on equity of 275.90%. The business had revenue of $21.67 million during the quarter, compared to analysts’ expectations of $20.70 million. Equities analysts expect that Wag! Group will post -0.14 EPS for the current year.
Insiders Place Their Bets
Institutional Investors Weigh In On Wag! Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. StepStone Group LP purchased a new stake in shares of Wag! Group in the 3rd quarter valued at $225,000. ATW Spac Management LLC purchased a new stake in shares of Wag! Group in the 3rd quarter valued at $117,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of Wag! Group in the 2nd quarter valued at $28,000. BlackRock Inc. raised its holdings in shares of Wag! Group by 3,514.3% in the 2nd quarter. BlackRock Inc. now owns 37,878 shares of the company’s stock valued at $80,000 after buying an additional 36,830 shares during the period. Finally, Cerity Partners LLC purchased a new stake in shares of Wag! Group in the 1st quarter valued at $78,000. Hedge funds and other 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.
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