Wag! Group Co. (NASDAQ:PET) VP Sells $10,493.28 in Stock

Wag! Group Co. (NASDAQ:PET) VP Nicholas Yu sold 14,574 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $0.72, for a total transaction of $10,493.28. Following the completion of the sale, the vice president now owns 448,147 shares of the company’s stock, valued at $322,665.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Nicholas Yu also recently made the following trade(s):

• On Monday, August 19th, Nicholas Yu sold 4,681 shares of Wag! Group stock. The stock was sold at an average price of $0.85, for a total value of $3,978.85.

Wag! Group Stock Performance

Shares of NASDAQ:PET opened at $0.74 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 15.59. Wag! Group Co. has a 12-month low of $0.66 and a 12-month high of $2.47. The company’s 50 day moving average price is $1.06 and its two-hundred day moving average price is $1.61. The firm has a market cap of $36.02 million, a PE ratio of -2.05 and a beta of 1.75.

Wag! Group (NASDAQ:PET) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). The firm had revenue of $18.65 million for the quarter, compared to analyst estimates of $18.60 million. Wag! Group had a negative return on equity of 1,880.60% and a negative net margin of 14.24%. Equities research analysts predict that Wag! Group Co. will post -0.2 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on PET shares. Oppenheimer decreased their price objective on shares of Wag! Group from $6.00 to $3.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Roth Mkm reduced their price objective on Wag! Group from $4.00 to $3.50 and set a “buy” rating for the company in a report on Tuesday, July 16th. Finally, Lake Street Capital initiated coverage on Wag! Group in a research note on Thursday, May 30th. They set a “buy” rating and a $4.00 target price on the stock. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $4.40.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Wag! Group stock. Cowen AND Company LLC bought a new position in shares of Wag! Group Co. (NASDAQ:PET) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 45,000 shares of the company’s stock, valued at approximately $72,000. Cowen AND Company LLC owned about 0.11% of Wag! Group at the end of the most recent reporting period. 86.16% of the stock is owned by institutional investors.

About Wag! Group

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.