Wag! Group (NASDAQ:PET) Cut to “Hold” at Craig Hallum

Craig Hallum lowered shares of Wag! Group (NASDAQ:PET) from a buy rating to a hold rating in a research report released on Thursday, MarketBeat Ratings reports.

Separately, Oppenheimer lowered their price objective on Wag! Group from $6.00 to $3.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4.40.

Wag! Group Stock Down 3.8 %

PET stock opened at $0.17 on Thursday. Wag! Group has a twelve month low of $0.14 and a twelve month high of $2.47. The company has a market cap of $8.71 million, a PE ratio of -0.45 and a beta of 1.79. The business’s 50-day simple moving average is $0.76 and its 200 day simple moving average is $1.19.

Insider Buying and Selling at Wag! Group

In other news, major shareholder John P. Szabo, Jr. bought 61,519 shares of Wag! Group stock in a transaction dated Thursday, September 19th. The shares were bought at an average price of $0.82 per share, for a total transaction of $50,445.58. Following the purchase, the insider now owns 3,061,519 shares of the company’s stock, valued at approximately $2,510,445.58. This trade represents a 2.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Maziar Arjomand sold 51,714 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $0.72, for a total transaction of $37,234.08. Following the completion of the sale, the chief technology officer now directly owns 1,194,098 shares in the company, valued at approximately $859,750.56. The trade was a 4.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 251,727 shares of company stock valued at $188,048. 23.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Wag! Group

A hedge fund recently bought a new stake in Wag! Group stock. Cowen AND Company LLC purchased a new position in shares of Wag! Group Co. (NASDAQ:PET) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 45,000 shares of the company’s stock, valued at approximately $72,000. Cowen AND Company LLC owned about 0.11% of Wag! Group at the end of the most recent reporting period. Institutional investors and hedge funds own 86.16% of the company’s stock.

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.