Wag! Group (NASDAQ:PET) Rating Lowered to “Hold” at Craig Hallum

Wag! Group (NASDAQ:PET) was downgraded by stock analysts at Craig Hallum from a “buy” rating to a “hold” rating in a research report issued on Thursday, MarketBeat reports.

Separately, Oppenheimer decreased their price objective on Wag! Group from $6.00 to $3.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.40.

Wag! Group Trading Down 3.8 %

PET stock opened at $0.17 on Thursday. Wag! Group has a 1-year low of $0.14 and a 1-year high of $2.47. The firm has a market cap of $8.54 million, a PE ratio of -0.45 and a beta of 1.79. The business’s 50-day moving average price is $0.76 and its two-hundred day moving average price is $1.20.

Insider Activity at Wag! Group

In other news, CTO Maziar Arjomand sold 51,714 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $0.72, for a total transaction of $37,234.08. Following the completion of the transaction, the chief technology officer now directly owns 1,194,098 shares in the company, valued at $859,750.56. This represents a 4.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder John P. Szabo, Jr. bought 50,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was bought at an average cost of $0.93 per share, for a total transaction of $46,500.00. Following the transaction, the insider now owns 3,250,000 shares of the company’s stock, valued at $3,022,500. The trade was a 1.56 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 251,727 shares of company stock valued at $188,048. 23.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Wag! Group

An institutional investor recently bought a new position in Wag! Group stock. Cowen AND Company LLC acquired a new stake in Wag! Group Co. (NASDAQ:PET) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 45,000 shares of the company’s stock, valued at approximately $72,000. Cowen AND Company LLC owned 0.11% of Wag! Group at the end of the most recent reporting period. Institutional investors own 86.16% of the company’s stock.

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.