Wag! Group Co. (NASDAQ:PET) Receives $4.40 Consensus Target Price from Analysts

Wag! Group Co. (NASDAQ:PET) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $4.40.

Several equities research analysts have recently commented on the company. Lake Street Capital cut Wag! Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Craig Hallum lowered Wag! Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

Wag! Group Stock Down 1.0 %

NASDAQ PET opened at $0.26 on Tuesday. The business’s 50-day moving average price is $0.24 and its 200 day moving average price is $0.63. The firm has a market cap of $12.71 million, a P/E ratio of -0.65 and a beta of 1.05. Wag! Group has a 52-week low of $0.14 and a 52-week high of $2.47.

Institutional Trading of Wag! Group

An institutional investor recently raised its position in Wag! Group stock. Whetstone Capital Advisors LLC lifted its stake in shares of Wag! Group Co. (NASDAQ:PET) by 156.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,222,413 shares of the company’s stock after acquiring an additional 1,354,558 shares during the period. Wag! Group accounts for approximately 0.9% of Whetstone Capital Advisors LLC’s 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 reporting period. Institutional investors and hedge funds own 86.16% of the company’s stock.

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.