Wag! Group Co. (NASDAQ:PET) Insider Adam Storm Sells 7,803 Shares

Wag! Group Co. (NASDAQ:PETGet Free Report) insider Adam Storm sold 7,803 shares of Wag! Group stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1.51, for a total transaction of $11,782.53. Following the completion of the transaction, the insider now owns 1,340,214 shares of the company’s stock, valued at approximately $2,023,723.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Adam Storm also recently made the following trade(s):

  • On Monday, June 10th, Adam Storm sold 2,673 shares of Wag! Group stock. The shares were sold at an average price of $1.51, for a total transaction of $4,036.23.
  • On Thursday, June 6th, Adam Storm sold 4,824 shares of Wag! Group stock. The stock was sold at an average price of $1.53, for a total value of $7,380.72.
  • On Tuesday, June 4th, Adam Storm sold 3,280 shares of Wag! Group stock. The shares were sold at an average price of $1.51, for a total value of $4,952.80.
  • On Thursday, May 30th, Adam Storm sold 13,999 shares of Wag! Group stock. The stock was sold at an average price of $1.54, for a total value of $21,558.46.
  • On Tuesday, May 28th, Adam Storm sold 5,712 shares of Wag! Group stock. The shares were sold at an average price of $1.59, for a total value of $9,082.08.
  • On Thursday, May 23rd, Adam Storm sold 6,880 shares of Wag! Group stock. The stock was sold at an average price of $1.63, for a total transaction of $11,214.40.
  • On Monday, May 20th, Adam Storm sold 29,443 shares of Wag! Group stock. The shares were sold at an average price of $1.70, for a total transaction of $50,053.10.
  • On Friday, May 17th, Adam Storm sold 12,739 shares of Wag! Group stock. The stock was sold at an average price of $1.95, for a total transaction of $24,841.05.

Wag! Group Trading Up 1.3 %

Shares of NASDAQ:PET opened at $1.55 on Friday. Wag! Group Co. has a one year low of $1.42 and a one year high of $2.65. The company has a debt-to-equity ratio of 15.59, a current ratio of 1.33 and a quick ratio of 1.33. The company’s fifty day moving average price is $1.94 and its 200-day moving average price is $1.92.

Wag! Group (NASDAQ:PETGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.03. The firm had revenue of $23.22 million during the quarter, compared to analysts’ expectations of $22.60 million. Wag! Group had a negative return on equity of 553.34% and a negative net margin of 15.92%. As a group, analysts anticipate that Wag! Group Co. will post -0.27 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PET. Cerity Partners LLC purchased a new stake in shares of Wag! Group in the 4th quarter valued at $40,000. ATW Spac Management LLC bought a new stake in Wag! Group in the third quarter worth $117,000. StepStone Group LP bought a new stake in Wag! Group in the third quarter worth $225,000. Finally, SVB Wealth LLC boosted its position in Wag! Group by 100.0% during the fourth quarter. SVB Wealth LLC now owns 140,000 shares of the company’s stock valued at $245,000 after buying an additional 70,000 shares during the period. 86.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PET has been the topic of several research analyst reports. Lake Street Capital began coverage on shares of Wag! Group in a report on Thursday, May 30th. They issued a “buy” rating and a $4.00 price target on the stock. DA Davidson lowered their price target on Wag! Group from $6.00 to $3.50 and set a “buy” rating on the stock in a report on Thursday, May 16th. Finally, Chardan Capital reiterated a “buy” rating and set a $8.00 price target on shares of Wag! Group in a research report on Friday, May 10th.

Check Out Our Latest Stock Report on PET

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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Insider Buying and Selling by Quarter for Wag! Group (NASDAQ:PET)

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