Wag! Group Co. (NASDAQ:PET) Insider Sells $50,053.10 in Stock

Wag! Group Co. (NASDAQ:PETGet Free Report) insider Adam Storm sold 29,443 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $1.70, for a total value of $50,053.10. Following the sale, the insider now owns 1,361,928 shares in the company, valued at approximately $2,315,277.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Adam Storm also recently made the following trade(s):

  • On Friday, May 17th, Adam Storm sold 12,739 shares of Wag! Group stock. The stock was sold at an average price of $1.95, for a total value of $24,841.05.

Wag! Group Stock Performance

PET opened at $1.68 on Thursday. Wag! Group Co. has a one year low of $1.57 and a one year high of $2.65. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 15.59. The business’s 50-day simple moving average is $2.09 and its 200-day simple moving average is $1.94.

Wag! Group (NASDAQ:PETGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.03. The firm had revenue of $23.22 million during the quarter, compared to analysts’ expectations of $22.60 million. Wag! Group had a negative return on equity of 553.34% and a negative net margin of 15.92%. As a group, analysts forecast that Wag! Group Co. will post -0.27 earnings per share for the current year.

Institutional Trading of Wag! Group

Large investors have recently made changes to their positions in the company. Cerity Partners LLC acquired a new stake in Wag! Group during the 4th quarter worth approximately $40,000. ATW Spac Management LLC acquired a new stake in Wag! Group during the 3rd quarter worth approximately $117,000. StepStone Group LP acquired a new stake in Wag! Group during the 3rd quarter worth approximately $225,000. Finally, SVB Wealth LLC lifted its position in Wag! Group by 100.0% during the 4th quarter. SVB Wealth LLC now owns 140,000 shares of the company’s stock worth $245,000 after acquiring an additional 70,000 shares during the period. 86.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on PET. DA Davidson dropped their price objective on Wag! Group from $6.00 to $3.50 and set a “buy” rating on the stock in a report on Thursday, May 16th. Chardan Capital reiterated a “buy” rating and issued a $8.00 price objective on shares of Wag! Group in a report on Friday, May 10th.

Get Our Latest Stock Analysis on PET

About Wag! Group

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Wag! Group (NASDAQ:PET)

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