Wag! Group (NASDAQ:PET) Shares Up 7% – Here’s What Happened

Wag! Group Co. (NASDAQ:PET)’s stock price traded up 7% during mid-day trading on Thursday . The stock traded as high as $0.13 and last traded at $0.12. 640,994 shares were traded during trading, a decline of 68% from the average session volume of 1,974,940 shares. The stock had previously closed at $0.12.

Analyst Upgrades and Downgrades

Separately, DA Davidson cut their price target on Wag! Group from $6.50 to $6.00 and set a “buy” rating for the company in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Wag! Group has an average rating of “Moderate Buy” and a consensus target price of $4.17.

Wag! Group Price Performance

The firm has a market capitalization of $6.29 million, a P/E ratio of -0.32 and a beta of 1.38. The stock’s 50-day simple moving average is $0.14 and its two-hundred day simple moving average is $0.21.

Wag! Group (NASDAQ:PET) last issued its earnings results on Monday, May 12th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The firm had revenue of $15.17 million during the quarter, compared to the consensus estimate of $19.30 million. Wag! Group had a negative return on equity of 6,427.25% and a negative net margin of 29.17%.

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.