Wag! Group Co. (NASDAQ:PET) Receives $4.40 Consensus Target Price from Analysts

Wag! Group Co. (NASDAQ:PET) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $4.40.

Several brokerages have recently issued reports on PET. Lake Street Capital cut Wag! Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Craig Hallum downgraded shares of Wag! Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

Wag! Group Trading Up 4.5 %

Shares of PET stock opened at $0.31 on Friday. The stock’s 50-day moving average price is $0.31 and its 200-day moving average price is $0.78. Wag! Group has a 12-month low of $0.14 and a 12-month high of $2.47. The stock has a market capitalization of $15.26 million, a price-to-earnings ratio of -0.79 and a beta of 1.05.

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 Wag! Group Co. (NASDAQ:PET) during the second quarter, according to the company in 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 as of its most recent SEC filing. 86.16% of the stock is owned by 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.