Wag! Group Co. (NASDAQ:PET) CTO Maziar Arjomand Sells 22,854 Shares

Wag! Group Co. (NASDAQ:PET) CTO Maziar Arjomand sold 22,854 shares of Wag! Group stock in a transaction on Monday, May 20th. The stock was sold at an average price of $1.70, for a total value of $38,851.80. Following the sale, the chief technology officer now owns 1,167,928 shares of the company’s stock, valued at $1,985,477.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Maziar Arjomand also recently made the following trade(s):

• On Monday, April 8th, Maziar Arjomand sold 5,870 shares of Wag! Group stock. The shares were sold at an average price of $2.14, for a total value of $12,561.80.
• On Friday, April 5th, Maziar Arjomand sold 4,223 shares of Wag! Group stock. The shares were sold at an average price of $2.05, for a total value of $8,657.15.
• On Wednesday, April 3rd, Maziar Arjomand sold 5,166 shares of Wag! Group stock. The shares were sold at an average price of $2.03, for a total value of $10,486.98.
• On Monday, April 1st, Maziar Arjomand sold 11,908 shares of Wag! Group stock. The shares were sold at an average price of $1.96, for a total value of $23,339.68.
• On Wednesday, March 27th, Maziar Arjomand sold 8,116 shares of Wag! Group stock. The shares were sold at an average price of $1.91, for a total value of $15,501.56.
• On Monday, March 25th, Maziar Arjomand sold 13,219 shares of Wag! Group stock. The shares were sold at an average price of $1.94, for a total value of $25,644.86.

Wag! Group Price Performance

Shares of PET stock opened at $1.80 on Wednesday. Wag! Group Co. has a fifty-two week low of $1.57 and a fifty-two week high of $2.65. The firm has a market capitalization of $73.12 million, a price-to-earnings ratio of -5.00 and a beta of 2.01. The company has a debt-to-equity ratio of 15.59, a quick ratio of 1.33 and a current ratio of 1.33. The stock’s 50-day simple moving average is $2.10 and its 200-day simple moving average is $1.94.

Wag! Group (NASDAQ:PET) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.03. Wag! Group had a negative return on equity of 553.34% and a negative net margin of 15.92%. The business had revenue of $23.22 million for the quarter, compared to analyst estimates of $22.60 million. As a group, equities analysts forecast that Wag! Group Co. will post -0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Wag! Group

Large investors have recently modified their holdings of the business. SVB Wealth LLC lifted its holdings in shares of Wag! Group by 100.0% during the fourth quarter. SVB Wealth LLC now owns 140,000 shares of the company’s stock worth $245,000 after purchasing an additional 70,000 shares during the period. Cerity Partners LLC acquired a new stake in shares of Wag! Group during the fourth quarter worth about $40,000. ATW Spac Management LLC acquired a new stake in shares of Wag! Group during the third quarter worth about $117,000. Finally, StepStone Group LP acquired a new stake in shares of Wag! Group during the third quarter worth about $225,000. Hedge funds and other institutional investors own 86.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PET shares. Chardan Capital reiterated a “buy” rating and issued a $8.00 target price on shares of Wag! Group in a research note on Friday, May 10th. DA Davidson cut their target price on Wag! Group from $6.00 to $3.50 and set a “buy” rating on the stock in a research note on Thursday, May 16th.

Wag! Group Company Profile

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.