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

Wag! Group Co. (NASDAQ:PET) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $4.90.

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

Institutional Investors Weigh In On Wag! Group

An institutional investor recently raised its position in Wag! Group stock. Whetstone Capital Advisors LLC increased its holdings in shares of Wag! Group Co. (NASDAQ:PET) by 156.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,222,413 shares of the company’s stock after purchasing an additional 1,354,558 shares during the quarter. Wag! Group makes up about 0.9% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Whetstone Capital Advisors LLC owned 4.55% of Wag! Group worth $1,911,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 86.16% of the company’s stock.

Wag! Group Stock Performance

Shares of Wag! Group stock opened at $0.30 on Friday. Wag! Group has a 52 week low of $0.14 and a 52 week high of $2.47. The stock has a market capitalization of $14.75 million, a price-to-earnings ratio of -0.76 and a beta of 1.07. The firm has a fifty day moving average of $0.27 and a two-hundred day moving average of $0.54.

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.