Analysts Set Wag! Group Co. (NASDAQ:PET) PT at $4.90

Wag! Group Co. (NASDAQ:PET) has received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $4.90.

A number of brokerages have weighed in on PET. DA Davidson reduced their price target on Wag! Group from $6.50 to $6.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Lake Street Capital lowered Wag! Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Finally, Craig Hallum lowered Wag! Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wag! Group stock. Whetstone Capital Advisors LLC lifted its holdings in shares of Wag! Group Co. (NASDAQ:PET) by 156.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,222,413 shares of the company’s stock after acquiring an additional 1,354,558 shares during the quarter. Wag! Group accounts for about 0.9% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Whetstone Capital Advisors LLC owned approximately 4.55% of Wag! Group worth $1,911,000 as of its most recent SEC filing. 86.16% of the stock is currently owned by institutional investors.

Wag! Group Stock Up 1.7 %

Shares of Wag! Group stock opened at $0.26 on Friday. Wag! Group has a fifty-two week low of $0.14 and a fifty-two week high of $2.47. The firm has a market cap of $12.80 million, a PE ratio of -0.66 and a beta of 1.07. The business’s fifty day moving average is $0.28 and its two-hundred day moving average is $0.51.

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.