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

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

Wag! Group Trading Down 20.4 %

Shares of PET stock traded down $0.05 during trading on Monday, reaching $0.20. 1,468,307 shares of the company’s stock traded hands, compared to its average volume of 867,338. The firm’s 50-day moving average is $0.28 and its 200 day moving average is $0.44. The company 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 1 year low of $0.14 and a 1 year high of $2.47.

Analyst Upgrades and Downgrades

Separately, DA Davidson lowered their price target on shares of Wag! Group from $6.50 to $6.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $4.90.

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.