Wag! Group (NASDAQ:PET) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Wag! Group (NASDAQ:PET) posted its quarterly earnings data on Monday. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02), Zacks reports. The company had revenue of $15.80 million for the quarter, compared to the consensus estimate of $15.80 million. Wag! Group had a negative net margin of 21.13% and a negative return on equity of 6,427.25%. Wag! Group updated its FY 2025 guidance to EPS.

Wag! Group Stock Down 20.4 %

Shares of NASDAQ PET opened at $0.20 on Tuesday. The firm’s 50-day moving average price is $0.28 and its two-hundred day moving average price is $0.44. The stock has a market capitalization of $9.76 million, a P/E ratio of -0.50 and a beta of 1.02. Wag! Group has a 52-week low of $0.14 and a 52-week high of $2.47.

Analyst Ratings Changes

Separately, DA Davidson decreased their target price on Wag! Group from $6.50 to $6.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Wag! Group presently has an average rating of “Moderate Buy” and an average target price of $4.90.

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.