Wag! Group Co. (NASDAQ:PET) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Wag! Group Co. (NASDAQ:PET) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $4.40.

Several brokerages have recently issued reports on PET. Craig Hallum lowered shares of Wag! Group from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Lake Street Capital lowered Wag! Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th.

Institutional Trading of Wag! Group

A hedge fund recently raised its stake in Wag! Group stock. Whetstone Capital Advisors LLC boosted its position in Wag! Group Co. (NASDAQ:PET) by 156.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,222,413 shares of the company’s stock after buying an additional 1,354,558 shares during the quarter. Wag! Group makes up about 0.9% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 25th biggest position. Whetstone Capital Advisors LLC owned about 4.55% of Wag! Group worth $1,911,000 at the end of the most recent reporting period. 86.16% of the stock is currently owned by institutional investors and hedge funds.

Wag! Group Price Performance

Wag! Group stock opened at $0.25 on Tuesday. The firm has a market capitalization of $12.56 million, a price-to-earnings ratio of -0.65 and a beta of 1.05. The company’s 50 day simple moving average is $0.23 and its 200 day simple moving average is $0.66. Wag! Group has a fifty-two week low of $0.14 and a fifty-two week high of $2.47.

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.