Wag! Group Co. (NASDAQ:PET) CMO Sells $10,155.80 in Stock

Wag! Group Co. (NASDAQ:PET) CMO Patrick Mccarthy sold 11,948 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $0.85, for a total transaction of $10,155.80. Following the transaction, the chief marketing officer now owns 769,149 shares of the company’s stock, valued at approximately $653,776.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wag! Group Stock Performance

Shares of Wag! Group stock traded down $0.07 on Tuesday, hitting $0.77. The stock had a trading volume of 162,934 shares, compared to its average volume of 104,709. The stock has a market cap of $31.32 million, a price-to-earnings ratio of -2.14 and a beta of 1.79. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 15.59. Wag! Group Co. has a 52-week low of $0.75 and a 52-week high of $2.47. The company’s 50 day moving average price is $1.34 and its 200 day moving average price is $1.77.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PET. SVB Wealth LLC increased 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 during the period. Cowen AND Company LLC acquired a new stake in shares of Wag! Group during the second quarter worth about $72,000. Finally, Cerity Partners LLC purchased a new position in shares of Wag! Group during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 86.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PET. Oppenheimer cut their price target on Wag! Group from $6.00 to $3.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Roth Mkm cut their target price on Wag! Group from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. DA Davidson lowered their price target on Wag! Group from $6.00 to $3.50 and set a “buy” rating for the company in a report on Thursday, May 16th. Lake Street Capital assumed coverage on shares of Wag! Group in a report on Thursday, May 30th. They set a “buy” rating and a $4.00 price objective on the stock. Finally, Chardan Capital restated a “buy” rating and set a $8.00 price objective on shares of Wag! Group in a research report on Friday, May 10th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $4.40.

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.