Wag! Group (PET) Set to Announce Earnings on Wednesday

Wag! Group (NASDAQ:PETGet Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Wag! Group (NASDAQ:PETGet Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). The business had revenue of $18.65 million during the quarter, compared to the consensus estimate of $18.60 million. Wag! Group had a negative net margin of 14.24% and a negative return on equity of 1,880.60%. On average, analysts expect Wag! Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Wag! Group Stock Performance

Shares of NASDAQ PET opened at $0.63 on Wednesday. The firm’s 50 day moving average price is $0.81 and its 200 day moving average price is $1.29. The firm has a market cap of $30.90 million, a P/E ratio of -1.98 and a beta of 1.79. Wag! Group has a 1 year low of $0.62 and a 1 year high of $2.47.

Insiders Place Their Bets

In related news, major shareholder John P. Szabo, Jr. purchased 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were purchased at an average cost of $0.93 per share, with a total value of $46,500.00. Following the completion of the acquisition, the insider now directly owns 3,250,000 shares of the company’s stock, valued at approximately $3,022,500. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder John P. Szabo, Jr. bought 50,000 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were purchased at an average cost of $0.93 per share, with a total value of $46,500.00. Following the completion of the transaction, the insider now directly owns 3,250,000 shares of the company’s stock, valued at approximately $3,022,500. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder John P. Szabo, Jr. bought 61,519 shares of Wag! Group stock in a transaction on Thursday, September 19th. The shares were purchased at an average cost of $0.82 per share, with a total value of $50,445.58. Following the completion of the purchase, the insider now directly owns 3,061,519 shares in the company, valued at $2,510,445.58. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 251,727 shares of company stock worth $188,048 in the last 90 days. 23.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on PET shares. Roth Mkm dropped their target price on Wag! Group from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, July 16th. Oppenheimer dropped their price objective on shares of Wag! Group from $6.00 to $3.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Wag! Group presently has a consensus rating of “Buy” and an average price target of $4.40.

Check Out Our Latest Report on Wag! Group

About Wag! Group

(Get Free Report)

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.

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Earnings History for Wag! Group (NASDAQ:PET)

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