Wag! Group (NASDAQ:PET) Announces Earnings Results

Wag! Group (NASDAQ:PET) posted its earnings results on Monday. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.02), Zacks reports. The firm had revenue of $15.80 million during the quarter, compared to the consensus estimate of $15.80 million. Wag! Group had a negative return on equity of 6,427.25% and a negative net margin of 21.13%. Wag! Group updated its FY 2025 guidance to EPS.

Wag! Group Stock Down 20.4 %

NASDAQ PET opened at $0.20 on Tuesday. Wag! Group has a 12-month low of $0.14 and a 12-month high of $2.47. The company has a 50 day moving average price of $0.28 and a two-hundred day moving average price of $0.44. The stock has a market capitalization of $9.76 million, a PE ratio of -0.50 and a beta of 1.02.

Analyst Ratings Changes

Separately, DA Davidson decreased their price objective 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 four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $4.90.

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.