Wag! Group Co. (NASDAQ:PET) Insider Sells $12,030.48 in Stock

Wag! Group Co. (NASDAQ:PETGet Free Report) insider Adam Storm sold 7,812 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $1.54, for a total value of $12,030.48. Following the completion of the transaction, the insider now owns 1,329,268 shares in the company, valued at approximately $2,047,072.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, June 17th, Adam Storm sold 7,477 shares of Wag! Group stock. The shares were sold at an average price of $1.49, for a total value of $11,140.73.
  • On Wednesday, June 12th, Adam Storm sold 7,803 shares of Wag! Group stock. The shares were sold at an average price of $1.51, for a total value of $11,782.53.
  • On Monday, June 10th, Adam Storm sold 2,673 shares of Wag! Group stock. The shares were sold at an average price of $1.51, for a total value of $4,036.23.
  • On Thursday, June 6th, Adam Storm sold 4,824 shares of Wag! Group stock. The stock was sold at an average price of $1.53, for a total value of $7,380.72.
  • On Tuesday, June 4th, Adam Storm sold 3,280 shares of Wag! Group stock. The stock was sold at an average price of $1.51, for a total value of $4,952.80.
  • On Thursday, May 30th, Adam Storm sold 13,999 shares of Wag! Group stock. The stock was sold at an average price of $1.54, for a total value of $21,558.46.
  • On Tuesday, May 28th, Adam Storm sold 5,712 shares of Wag! Group stock. The stock was sold at an average price of $1.59, for a total value of $9,082.08.
  • On Thursday, May 23rd, Adam Storm sold 6,880 shares of Wag! Group stock. The stock was sold at an average price of $1.63, for a total value of $11,214.40.
  • 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 value of $50,053.10.
  • On Friday, May 17th, Adam Storm sold 12,739 shares of Wag! Group stock. The shares were sold at an average price of $1.95, for a total value of $24,841.05.

Wag! Group Trading Up 2.8 %

PET stock opened at $1.48 on Friday. The company has a market cap of $60.12 million, a price-to-earnings ratio of -4.11 and a beta of 1.76. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 15.59. The business has a fifty day simple moving average of $1.89 and a 200-day simple moving average of $1.91. Wag! Group Co. has a 52 week low of $1.42 and a 52 week high of $2.65.

Wag! Group (NASDAQ:PETGet Free Report) last released 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%. On average, equities research analysts expect that Wag! Group Co. will post -0.27 EPS for the current year.

Institutional Trading of Wag! Group

A number of institutional investors and hedge funds have recently made changes to their positions in PET. Cerity Partners LLC purchased a new stake in Wag! Group during the 4th quarter worth $40,000. ATW Spac Management LLC purchased a new stake in Wag! Group during the 3rd quarter worth $117,000. Finally, SVB Wealth LLC boosted its position in Wag! Group by 100.0% during the 4th 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. 86.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PET shares. Lake Street Capital started coverage on Wag! Group in a research note on Thursday, May 30th. They issued a “buy” rating and a $4.00 target price on the stock. Chardan Capital reiterated a “buy” rating and issued a $8.00 price target on shares of Wag! Group in a report on Friday, May 10th. Finally, DA Davidson cut their price target on Wag! Group from $6.00 to $3.50 and set a “buy” rating for the company in a report on Thursday, May 16th.

Read Our Latest Report on PET

About Wag! Group

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Wag! Group (NASDAQ:PET)

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