Wag! Group Co. (NASDAQ:PET) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Wag! Group Co. (NASDAQ:PET) have been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $4.40.

A number of brokerages have commented on PET. Craig Hallum cut Wag! Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Lake Street Capital lowered shares of Wag! Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th.

Wag! Group Price Performance

NASDAQ:PET opened at $0.31 on Friday. Wag! Group has a one year low of $0.14 and a one year high of $2.47. The business has a fifty day moving average price of $0.31 and a 200-day moving average price of $0.78. The firm has a market capitalization of $15.26 million, a price-to-earnings ratio of -0.79 and a beta of 1.05.

Institutional Trading of Wag! Group

A hedge fund recently bought a new stake in Wag! Group stock. Cowen AND Company LLC acquired a new stake in shares of Wag! Group Co. (NASDAQ:PET) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 45,000 shares of the company’s stock, valued at approximately $72,000. Cowen AND Company LLC owned approximately 0.11% of Wag! Group at the end of the most recent reporting period. Hedge funds and other institutional investors 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.