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

Shares of Wag! Group Co. (NASDAQ:PET) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $4.90.

Separately, DA Davidson dropped their price objective on shares of Wag! Group from $6.50 to $6.00 and set a “buy” rating for the company in a research note on Friday, February 21st.

Wag! Group Trading Down 3.7 %

NASDAQ:PET opened at $0.11 on Friday. The company has a market capitalization of $5.80 million, a P/E ratio of -0.29 and a beta of 1.34. The business’s 50-day moving average is $0.22 and its 200 day moving average is $0.35. Wag! Group has a 12 month low of $0.10 and a 12 month high of $2.47.

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

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.