Insider Selling: Wag! Group Co. (NASDAQ:PET) CEO Sells 7,485 Shares of Stock

Wag! Group Co. (NASDAQ:PETGet Free Report) CEO Garrett Smallwood sold 7,485 shares of Wag! Group stock in a transaction on Monday, June 17th. The shares were sold at an average price of $1.49, for a total transaction of $11,152.65. Following the completion of the sale, the chief executive officer now owns 1,149,749 shares in the company, valued at $1,713,126.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Garrett Smallwood also recently made the following trade(s):

  • On Friday, June 14th, Garrett Smallwood sold 7,858 shares of Wag! Group stock. The stock was sold at an average price of $1.54, for a total transaction of $12,101.32.
  • On Wednesday, June 12th, Garrett Smallwood sold 7,832 shares of Wag! Group stock. The shares were sold at an average price of $1.51, for a total transaction of $11,826.32.
  • On Monday, June 10th, Garrett Smallwood sold 2,619 shares of Wag! Group stock. The shares were sold at an average price of $1.50, for a total transaction of $3,928.50.
  • On Friday, June 7th, Garrett Smallwood sold 2,327 shares of Wag! Group stock. The stock was sold at an average price of $1.53, for a total transaction of $3,560.31.
  • On Wednesday, June 5th, Garrett Smallwood sold 3,543 shares of Wag! Group stock. The shares were sold at an average price of $1.55, for a total transaction of $5,491.65.
  • On Monday, June 3rd, Garrett Smallwood sold 6,600 shares of Wag! Group stock. The shares were sold at an average price of $1.51, for a total transaction of $9,966.00.
  • On Thursday, May 30th, Garrett Smallwood sold 13,965 shares of Wag! Group stock. The shares were sold at an average price of $1.54, for a total transaction of $21,506.10.
  • On Tuesday, May 28th, Garrett Smallwood sold 5,711 shares of Wag! Group stock. The stock was sold at an average price of $1.59, for a total transaction of $9,080.49.
  • On Friday, May 24th, Garrett Smallwood sold 10,469 shares of Wag! Group stock. The shares were sold at an average price of $1.59, for a total transaction of $16,645.71.
  • On Wednesday, May 22nd, Garrett Smallwood sold 8,800 shares of Wag! Group stock. The shares were sold at an average price of $1.72, for a total transaction of $15,136.00.

Wag! Group Stock Performance

Shares of PET traded down $0.07 during midday trading on Tuesday, hitting $1.44. 45,992 shares of the stock traded hands, compared to its average volume of 77,619. The company has a debt-to-equity ratio of 15.59, a quick ratio of 1.33 and a current ratio of 1.33. The business’s 50 day moving average price is $1.93 and its two-hundred day moving average price is $1.92. Wag! Group Co. has a 1-year low of $1.42 and a 1-year high of $2.65. The firm has a market capitalization of $58.49 million, a PE ratio of -4.00 and a beta of 1.77.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PET. Cerity Partners LLC bought a new position in Wag! Group in the fourth quarter valued at about $40,000. ATW Spac Management LLC bought a new position in Wag! Group in the third quarter valued at approximately $117,000. Finally, SVB Wealth LLC grew its stake in Wag! Group by 100.0% in the fourth quarter. SVB Wealth LLC now owns 140,000 shares of the company’s stock valued at $245,000 after purchasing an additional 70,000 shares in the last quarter. 86.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on PET. Chardan Capital reissued a “buy” rating and issued a $8.00 price objective on shares of Wag! Group in a research note on Friday, May 10th. DA Davidson cut their target price on shares of Wag! Group from $6.00 to $3.50 and set a “buy” rating on the stock in a report on Thursday, May 16th. Finally, Lake Street Capital assumed coverage on shares of Wag! Group in a report on Thursday, May 30th. They issued a “buy” rating and a $4.00 target price on the stock.

Check Out Our Latest Research Report on PET

Wag! Group Company Profile

(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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