Wag! Group Co. (NASDAQ:PET) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Wag! Group Co. (NASDAQ:PET) have been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $4.90.

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

Institutional Investors Weigh In On Wag! Group

A hedge fund recently raised its stake in Wag! Group stock. Whetstone Capital Advisors LLC raised its position in Wag! Group Co. (NASDAQ:PET) by 156.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. 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 holding. Whetstone Capital Advisors LLC owned about 4.55% of Wag! Group worth $1,911,000 at the end of the most recent reporting period. Institutional investors own 86.16% of the company’s stock.

Wag! Group Price Performance

PET opened at $0.24 on Wednesday. The company has a market cap of $12.05 million, a price-to-earnings ratio of -0.62 and a beta of 1.02. The firm has a 50 day simple moving average of $0.28 and a 200 day simple moving average of $0.45. Wag! Group has a fifty-two week low of $0.14 and a fifty-two week high of $2.47.

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.