Wag! Group (PET) Set to Announce Quarterly Earnings on Thursday

Wag! Group (NASDAQ:PET) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Wag! Group to post earnings of ($0.08) per share for the quarter. Wag! Group has set its FY 2024 guidance at EPS.Persons that wish to listen 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, February 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The business had revenue of $21.67 million for the quarter, compared to analysts’ expectations of $20.70 million. Wag! Group had a negative return on equity of 275.90% and a negative net margin of 15.87%.

Wag! Group Price Performance

PET stock opened at $2.27 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 15.59. The firm has a 50 day simple moving average of $2.10 and a 200-day simple moving average of $1.92. The company has a market capitalization of $91.57 million, a P/E ratio of -6.49 and a beta of 2.01. Wag! Group has a twelve month low of $1.59 and a twelve month high of $2.70.

Insider Buying and Selling at Wag! Group

In other news, insider Adam Storm sold 48,221 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $2.20, for a total value of $106,086.20. Following the sale, the insider now owns 1,120,916 shares in the company, valued at approximately $2,466,015.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Garrett Smallwood sold 48,164 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $2.19, for a total transaction of $105,479.16. Following the completion of the transaction, the chief executive officer now owns 1,014,812 shares of the company’s stock, valued at $2,222,438.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Adam Storm sold 48,221 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $2.20, for a total transaction of $106,086.20. Following the transaction, the insider now owns 1,120,916 shares of the company’s stock, valued at approximately $2,466,015.20. The disclosure for this sale can be found here. Insiders have sold 307,173 shares of company stock worth $648,769 in the last ninety days. 23.20% of the stock is owned by insiders.

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.