Garrett Smallwood Sells 7,858 Shares of Wag! Group Co. (NASDAQ:PET) Stock

Wag! Group Co. (NASDAQ:PET) CEO Garrett Smallwood sold 7,858 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $1.54, for a total transaction of $12,101.32. Following the completion of the transaction, the chief executive officer now directly owns 1,157,234 shares of the company’s stock, valued at $1,782,140.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Garrett Smallwood also recently made the following trade(s):

• On Monday, June 17th, Garrett Smallwood sold 7,485 shares of Wag! Group stock. The shares were sold at an average price of $1.49, for a total transaction of $11,152.65.
• On Wednesday, June 12th, Garrett Smallwood sold 7,832 shares of Wag! Group stock. The shares were sold at an average price of $1.51, for a total transaction of $11,826.32.
• On Monday, June 10th, Garrett Smallwood sold 2,619 shares of Wag! Group stock. The stock was sold at an average price of $1.50, for a total value of $3,928.50.
• On Friday, June 7th, Garrett Smallwood sold 2,327 shares of Wag! Group stock. The shares were sold at an average price of $1.53, for a total value of $3,560.31.
• On Wednesday, June 5th, Garrett Smallwood sold 3,543 shares of Wag! Group stock. The stock was sold at an average price of $1.55, for a total value of $5,491.65.
• On Monday, June 3rd, Garrett Smallwood sold 6,600 shares of Wag! Group stock. The shares were sold at an average price of $1.51, for a total value of $9,966.00.
• On Thursday, May 30th, Garrett Smallwood sold 13,965 shares of Wag! Group stock. The shares were sold at an average price of $1.54, for a total transaction of $21,506.10.
• On Tuesday, May 28th, Garrett Smallwood sold 5,711 shares of Wag! Group stock. The stock was sold at an average price of $1.59, for a total transaction of $9,080.49.
• On Friday, May 24th, Garrett Smallwood sold 10,469 shares of Wag! Group stock. The shares were sold at an average price of $1.59, for a total transaction of $16,645.71.
• On Wednesday, May 22nd, Garrett Smallwood sold 8,800 shares of Wag! Group stock. The stock was sold at an average price of $1.72, for a total transaction of $15,136.00.

Wag! Group Trading Down 4.6 %

Shares of NASDAQ:PET opened at $1.44 on Thursday. Wag! Group Co. has a 12-month low of $1.42 and a 12-month high of $2.65. The company’s 50 day moving average price is $1.90 and its two-hundred day moving average price is $1.91. The company has a debt-to-equity ratio of 15.59, a quick ratio of 1.33 and a current ratio of 1.33.

Wag! Group (NASDAQ:PET) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.03. Wag! Group had a negative return on equity of 553.34% and a negative net margin of 15.92%. The business had revenue of $23.22 million during the quarter, compared to analysts’ expectations of $22.60 million. As a group, sell-side analysts predict that Wag! Group Co. will post -0.27 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Chardan Capital reaffirmed a “buy” rating and issued a $8.00 target price on shares of Wag! Group in a research report on Friday, May 10th. Lake Street Capital began coverage on Wag! Group in a report on Thursday, May 30th. They issued a “buy” rating and a $4.00 price objective on the stock. Finally, DA Davidson dropped their target price on Wag! Group from $6.00 to $3.50 and set a “buy” rating for the company in a report on Thursday, May 16th.

Institutional Trading of Wag! Group

Several large investors have recently modified their holdings of the stock. SVB Wealth LLC raised its stake in Wag! Group by 100.0% in the fourth quarter. SVB Wealth LLC now owns 140,000 shares of the company’s stock valued at $245,000 after purchasing an additional 70,000 shares in the last quarter. ATW Spac Management LLC acquired a new stake in Wag! Group during the third quarter worth about $117,000. Finally, Cerity Partners LLC bought a new position in Wag! Group in the 4th quarter valued at about $40,000. 86.16% of the stock is owned by institutional investors and hedge funds.

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.