Wag! Group Co. (NASDAQ:PET – Get Free Report) CMO Patrick Mccarthy sold 46,544 shares of the 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 $33,511.68. Following the transaction, the chief marketing officer now directly owns 722,605 shares of the company’s stock, valued at $520,275.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Patrick Mccarthy also recently made the following trade(s):
- On Monday, August 19th, Patrick Mccarthy sold 11,948 shares of Wag! Group stock. The shares were sold at an average price of $0.85, for a total value of $10,155.80.
Wag! Group Stock Performance
Shares of NASDAQ PET traded down $0.01 during trading hours on Thursday, reaching $0.74. 175,708 shares of the stock were exchanged, compared to its average volume of 109,770. The firm has a market capitalization of $30.07 million, a price-to-earnings ratio of -2.06 and a beta of 1.75. The company has a debt-to-equity ratio of 15.59, a quick ratio of 1.44 and a current ratio of 1.44. Wag! Group Co. has a 52 week low of $0.66 and a 52 week high of $2.47. The stock’s fifty day simple moving average is $1.09 and its 200 day simple moving average is $1.63.
Hedge Funds Weigh In On Wag! Group
A hedge fund recently bought a new stake in Wag! Group stock. Cowen AND Company LLC acquired a new position in shares of Wag! Group Co. (NASDAQ:PET – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 45,000 shares of the company’s stock, valued at approximately $72,000. Cowen AND Company LLC owned 0.11% of Wag! Group at the end of the most recent reporting period. 86.16% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
PET has been the subject of a number of recent analyst reports. Oppenheimer cut their price objective on Wag! Group from $6.00 to $3.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. DA Davidson cut their price objective on Wag! Group from $6.00 to $3.50 and set a “buy” rating for the company in a research report on Thursday, May 16th. Lake Street Capital initiated coverage on Wag! Group in a research report on Thursday, May 30th. They issued a “buy” rating and a $4.00 price objective for the company. Finally, Roth Mkm cut their price objective on Wag! Group from $4.00 to $3.50 and set a “buy” rating for the company in a research report on Tuesday, July 16th. 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.
Check Out Our Latest Analysis on PET
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.
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