Wag! Group Co. (NASDAQ:PET) Given Average Recommendation of “Moderate Buy” by Brokerages

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

Separately, DA Davidson reduced their price target on shares of Wag! Group from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Friday, February 21st.

Hedge Funds Weigh In On Wag! Group

A hedge fund recently raised its stake in Wag! Group stock. Whetstone Capital Advisors LLC lifted its stake in shares of Wag! Group Co. (NASDAQ:PET) by 156.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,222,413 shares of the company’s stock after purchasing an additional 1,354,558 shares during the period. Wag! Group makes up 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 filing with the Securities and Exchange Commission. 86.16% of the stock is currently owned by hedge funds and other institutional investors.

Wag! Group Stock Down 3.2 %

NASDAQ:PET opened at $0.24 on Wednesday. The firm has a market cap of $12.05 million, a PE ratio of -0.62 and a beta of 1.02. Wag! Group has a 12 month low of $0.14 and a 12 month high of $2.47. The company’s 50-day moving average price is $0.28 and its two-hundred day moving average price is $0.45.

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.