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 firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $1.95, for a total transaction of $24,841.05. Following the sale, the insider now owns 1,391,371 shares of the company’s stock, valued at $2,713,173.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

Wag! Group Trading Down 6.7 %

Shares of NASDAQ PET opened at $1.68 on Thursday. 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 moving average is $2.09 and its two-hundred day moving average is $1.94. Wag! Group Co. has a 1-year low of $1.57 and a 1-year high of $2.65.

Wag! Group (NASDAQ:PET) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.03. The business had revenue of $23.22 million during the quarter, compared to the consensus estimate of $22.60 million. Wag! Group had a negative return on equity of 553.34% and a negative net margin of 15.92%. Analysts anticipate that Wag! Group Co. will post -0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Wag! Group

Large investors have recently bought and sold shares of the business. SVB Wealth LLC lifted its holdings 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 purchasing an additional 70,000 shares during the last quarter. Cerity Partners LLC acquired a new position in Wag! Group during the fourth quarter worth approximately $40,000. ATW Spac Management LLC acquired a new stake in shares of Wag! Group in the third quarter valued at approximately $117,000. Finally, StepStone Group LP acquired a new position in shares of Wag! Group in the 3rd quarter valued at $225,000. Hedge funds and other institutional investors own 86.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PET. DA Davidson reduced their price target on shares of Wag! Group from $6.00 to $3.50 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Chardan Capital reissued a “buy” rating and issued a $8.00 price target on shares of Wag! Group in a research report 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.