Wag! Group (PET) Scheduled to Post Quarterly Earnings on Wednesday

Wag! Group (NASDAQ:PET) is scheduled to issue 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. Individual interested in listening to the company’s earnings conference call can do so using this link.

Wag! Group (NASDAQ:PET) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.06) EPS for the quarter, meeting analysts’ consensus estimates of ($0.06). The company had revenue of $18.65 million during the quarter, compared to analyst estimates 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 Price Performance

Wag! Group stock opened at $0.63 on Wednesday. Wag! Group has a fifty-two week low of $0.62 and a fifty-two week high of $2.47. The firm’s 50 day simple moving average is $0.81 and its 200-day simple moving average is $1.29. The company has a market cap of $30.90 million, a P/E ratio of -1.98 and a beta of 1.79.

Analyst Ratings Changes

Several equities analysts have weighed in on PET shares. Roth Mkm lowered their price objective on shares of Wag! Group from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. Oppenheimer lowered their price target on Wag! Group from $6.00 to $3.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $4.40.

Insider Buying and Selling at Wag! Group

In related news, major shareholder John P. Szabo, Jr. bought 61,519 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was bought at an average price of $0.82 per share, with a total value of $50,445.58. Following the purchase, the insider now directly owns 3,061,519 shares of the company’s stock, valued at approximately $2,510,445.58. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder John P. Szabo, Jr. purchased 61,519 shares of Wag! Group stock in a transaction dated Thursday, September 19th. The stock was acquired at an average cost of $0.82 per share, for a total transaction of $50,445.58. Following the acquisition, the insider now directly owns 3,061,519 shares in the company, valued at $2,510,445.58. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Alec Davidian sold 36,204 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $0.72, for a total value of $26,066.88. Following the completion of the sale, the chief financial officer now directly owns 839,400 shares of the company’s stock, valued at approximately $604,368. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 251,727 shares of company stock worth $188,048. 23.20% of the stock is currently owned by company insiders.

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.