Wag! Group (NASDAQ:PET) Releases Earnings Results, Misses Expectations By $0.02 EPS

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

Wag! Group Stock Performance

Shares of NASDAQ:PET opened at $0.19 on Wednesday. The firm has a 50 day simple moving average of $0.27 and a 200 day simple moving average of $0.43. Wag! Group has a 52 week low of $0.14 and a 52 week high of $2.47. The company has a market cap of $9.36 million, a PE ratio of -0.48 and a beta of 1.02.

Analysts Set New Price Targets

Separately, DA Davidson decreased their target price on Wag! Group from $6.50 to $6.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $4.90.

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.