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

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

A number of brokerages have recently issued reports on PET. DA Davidson cut their target price on shares of 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 cut Wag! Group from a “strong-buy” rating to a “hold” rating in a research note 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.

Wag! Group Price Performance

PET opened at $0.26 on Friday. The stock has a market capitalization of $12.80 million, a PE ratio of -0.66 and a beta of 1.07. Wag! Group has a 12-month low of $0.14 and a 12-month high of $2.47. The firm’s fifty day moving average price is $0.28 and its 200 day moving average price is $0.51.

Hedge Funds Weigh In On Wag! Group

A hedge fund recently raised its stake in Wag! Group stock. Whetstone Capital Advisors LLC grew its stake in shares of Wag! Group Co. (NASDAQ:PET) by 156.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,222,413 shares of the company’s stock after purchasing an additional 1,354,558 shares during the quarter. Wag! Group makes up 0.9% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 25th largest holding. Whetstone Capital Advisors LLC owned about 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 owned by institutional investors.

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.