Wag! Group Co. Forecasted to Post Q4 2022 Earnings of ($0.07) Per Share (NASDAQ:PET)

Wag! Group Co. (NASDAQ:PETGet Rating) – Equities researchers at Oppenheimer issued their Q4 2022 earnings estimates for shares of Wag! Group in a note issued to investors on Monday, November 21st. Oppenheimer analyst J. Helfstein anticipates that the company will post earnings of ($0.07) per share for the quarter. Oppenheimer currently has a “Outperform” rating and a $5.00 price target on the stock. The consensus estimate for Wag! Group’s current full-year earnings is ($0.69) per share. Oppenheimer also issued estimates for Wag! Group’s Q1 2023 earnings at ($0.03) EPS, Q2 2023 earnings at ($0.04) EPS, Q3 2023 earnings at ($0.02) EPS, Q4 2023 earnings at ($0.02) EPS, FY2023 earnings at ($0.09) EPS, FY2024 earnings at $0.00 EPS, FY2025 earnings at $0.27 EPS and FY2026 earnings at $0.60 EPS.

Several other analysts have also issued reports on PET. Craig Hallum assumed coverage on Wag! Group in a research note on Friday, October 14th. They issued a “buy” rating and a $10.00 target price for the company. Roth Capital assumed coverage on Wag! Group in a research note on Monday, October 17th. They set a “buy” rating and a $5.00 price objective for the company. DA Davidson dropped their price objective on Wag! Group from $11.00 to $6.50 in a research note on Monday, November 14th. MKM Partners initiated coverage on Wag! Group in a report on Wednesday, October 12th. They set a “buy” rating and a $6.00 target price for the company. Finally, Chardan Capital initiated coverage on Wag! Group in a report on Friday, September 30th. They set a “buy” rating and a $5.00 target price for the company. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $6.25.

Wag! Group Stock Performance

Shares of Wag! Group stock opened at $2.75 on Thursday. The firm has a 50-day moving average price of $2.88. Wag! Group has a 52-week low of $1.96 and a 52-week high of $13.13. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 3.38.

Hedge Funds Weigh In On Wag! Group

Institutional investors and hedge funds have recently modified their holdings of the stock. General Catalyst Group Management LLC purchased a new stake in shares of Wag! Group during the third quarter valued at $14,302,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Wag! Group during the third quarter valued at $2,251,000. MMCAP International Inc. SPC purchased a new stake in shares of Wag! Group during the third quarter valued at $9,560,000. Periscope Capital Inc. purchased a new stake in shares of Wag! Group during the third quarter valued at $5,353,000. Finally, Liberty Street Advisors Inc. purchased a new stake in shares of Wag! Group during the third quarter valued at $845,000. 42.67% of the stock is currently owned by institutional investors.

About Wag! Group

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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 access to other services.

Further Reading

Earnings History and Estimates for Wag! Group (NASDAQ:PET)

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