Wag! Group Co. (NASDAQ:PET) Receives $4.90 Average PT from Brokerages

Shares of Wag! Group Co. (NASDAQ:PET) have earned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $4.13.

Separately, DA Davidson reduced their target price on Wag! Group from $6.50 to $6.00 and set a “buy” rating on the stock in a report on Friday, February 21st.

Wag! Group Stock Performance

PET opened at $0.15 on Thursday. The firm has a market cap of $7.64 million, a price-to-earnings ratio of -0.39 and a beta of 1.33. The firm’s 50-day simple moving average is $0.17 and its 200-day simple moving average is $0.27. Wag! Group has a twelve month low of $0.08 and a twelve month high of $2.46.

Wag! Group (NASDAQ:PET) last announced its earnings results on Monday, March 24th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The company had revenue of $15.80 million for the quarter, compared to analyst estimates of $15.80 million. Wag! Group had a negative return on equity of 6,427.25% and a negative net margin of 21.13%.

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.