Wag! Group Co. (NASDAQ:PET) Shares Sold by MMCAP International Inc. SPC

MMCAP International Inc. SPC lessened its stake in Wag! Group Co. (NASDAQ:PET) by 12.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 531,392 shares of the company’s stock after selling 75,000 shares during the period. MMCAP International Inc. SPC owned 1.07% of Wag! Group worth $127,000 as of its most recent SEC filing.

Separately, Whetstone Capital Advisors LLC increased its position in Wag! Group by 156.1% in the 3rd quarter. Whetstone Capital Advisors LLC now owns 2,222,413 shares of the company’s stock valued at $1,911,000 after acquiring an additional 1,354,558 shares during the period. Hedge funds and other institutional investors own 86.16% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. DA Davidson dropped their price target on Wag! Group from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Lake Street Capital cut Wag! Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Finally, Craig Hallum cut Wag! Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Wag! Group has a consensus rating of “Moderate Buy” and an average price target of $4.90.

Wag! Group Trading Down 10.1 %

NASDAQ PET opened at $0.25 on Wednesday. The business’s 50 day moving average is $0.28 and its two-hundred day moving average is $0.52. Wag! Group Co. has a 12-month low of $0.14 and a 12-month high of $2.47. The stock has a market capitalization of $12.51 million, a price-to-earnings ratio of -0.64 and a beta of 1.07.

Wag! Group 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.