13,800 Shares in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Purchased by nVerses Capital LLC

nVerses Capital LLC acquired a new stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,800 shares of the company’s stock, valued at approximately $52,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Headlands Technologies LLC acquired a new stake in shares of Petco Health and Wellness during the first quarter worth $30,000. Norden Group LLC purchased a new stake in shares of Petco Health and Wellness in the first quarter valued at about $31,000. Pallas Capital Advisors LLC purchased a new position in Petco Health and Wellness during the second quarter worth about $58,000. Searle & CO. acquired a new stake in Petco Health and Wellness in the second quarter valued at about $76,000. Finally, Diversified Trust Co acquired a new position in Petco Health and Wellness during the 2nd quarter worth approximately $79,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on WOOF shares. Citigroup lifted their price target on Petco Health and Wellness from $3.00 to $4.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Royal Bank of Canada raised their price objective on shares of Petco Health and Wellness from $2.70 to $3.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Needham & Company LLC restated a “buy” rating and set a $5.00 target price on shares of Petco Health and Wellness in a research report on Thursday, May 23rd. UBS Group increased their target price on shares of Petco Health and Wellness from $2.50 to $3.25 and gave the company a “neutral” rating in a report on Thursday, May 23rd. Finally, Wedbush reissued an “outperform” rating and set a $5.00 price target (up previously from $4.00) on shares of Petco Health and Wellness in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $3.36.

Petco Health and Wellness Stock Down 4.6 %

WOOF opened at $2.92 on Thursday. The firm has a market cap of $907.49 million, a P/E ratio of -0.59 and a beta of 1.89. The business’s fifty day simple moving average is $3.10 and its 200 day simple moving average is $2.71. Petco Health and Wellness Company, Inc. has a 52 week low of $1.41 and a 52 week high of $5.28. The company has a quick ratio of 0.21, a current ratio of 0.85 and a debt-to-equity ratio of 1.35.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.