Brokerages Set Wag! Group Co. (NASDAQ:PET) Price Target at $4.40

Shares of Wag! Group Co. (NASDAQ:PET) have received a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $4.40.

PET has been the topic of a number of research reports. Craig Hallum lowered shares of Wag! Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Lake Street Capital downgraded Wag! Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th.

Wag! Group Stock Performance

NASDAQ:PET opened at $0.21 on Monday. Wag! Group has a 52-week low of $0.14 and a 52-week high of $2.47. The company has a market cap of $10.60 million, a P/E ratio of -0.55 and a beta of 1.24. The stock’s 50-day simple moving average is $0.54 and its 200 day simple moving average is $0.96.

Insider Buying and Selling

In other Wag! Group news, major shareholder John P. Szabo, Jr. bought 61,519 shares of the stock in a transaction on Thursday, September 19th. The stock was purchased at an average price of $0.82 per share, with a total value of $50,445.58. Following the completion of the purchase, the insider now owns 3,061,519 shares in the company, valued at $2,510,445.58. The trade was a 2.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 118,121 shares of company stock valued at $20,081 over the last quarter. 23.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Wag! Group

A hedge fund recently bought a new stake in Wag! Group stock. Cowen AND Company LLC purchased a new stake in Wag! Group Co. (NASDAQ:PET) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 45,000 shares of the company’s stock, valued at approximately $72,000. Cowen AND Company LLC owned 0.11% of Wag! Group as of its most recent filing with the Securities & Exchange Commission. 86.16% of the stock is owned by hedge funds and other institutional investors.

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.