Wag! Group Co. (NASDAQ:PET) Insider Sells $24,841.05 in Stock

Wag! Group Co. (NASDAQ:PET) insider Adam Storm sold 12,739 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $1.95, for a total value of $24,841.05. Following the completion of the transaction, the insider now directly owns 1,391,371 shares of the company’s stock, valued at $2,713,173.45. The sale was disclosed in a filing with the SEC, which is available through this link.

Adam Storm also recently made the following trade(s):

• On Monday, May 20th, Adam Storm sold 29,443 shares of Wag! Group stock. The stock was sold at an average price of $1.70, for a total value of $50,053.10.

Wag! Group Stock Performance

Shares of NASDAQ PET opened at $1.80 on Wednesday. Wag! Group Co. has a 1 year low of $1.57 and a 1 year high of $2.65. The firm has a market cap of $73.12 million, a P/E ratio of -5.00 and a beta of 2.01. The stock has a fifty day moving average price of $2.10 and a two-hundred day moving average price of $1.94. The company has a debt-to-equity ratio of 15.59, a quick ratio of 1.33 and a current ratio of 1.33.

Wag! Group (NASDAQ:PET) last released its earnings results on Thursday, May 9th. The company reported ($0.11) earnings per share (EPS) 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 firm had revenue of $23.22 million for the quarter, compared to analyst estimates of $22.60 million. Research analysts forecast that Wag! Group Co. will post -0.24 EPS for the current fiscal year.

Institutional Trading of Wag! Group

A number of hedge funds and other institutional investors have recently made changes to their positions in PET. Cerity Partners LLC purchased a new position in Wag! Group in the 4th quarter worth about $40,000. ATW Spac Management LLC purchased a new position in shares of Wag! Group in the third quarter worth approximately $117,000. StepStone Group LP acquired a new stake in shares of Wag! Group during the third quarter valued at approximately $225,000. Finally, SVB Wealth LLC lifted its position in shares of Wag! Group by 100.0% in the 4th quarter. SVB Wealth LLC now owns 140,000 shares of the company’s stock valued at $245,000 after acquiring an additional 70,000 shares in the last quarter. 86.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. DA Davidson cut their price objective on shares of Wag! Group from $6.00 to $3.50 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Chardan Capital reaffirmed a “buy” rating and issued a $8.00 price target on shares of Wag! Group in a research note on Friday, May 10th.

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.