Wag! Group Co. (NASDAQ:PET) Insider Adam Storm Sells 7,477 Shares of Stock

Wag! Group Co. (NASDAQ:PET) insider Adam Storm sold 7,477 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $1.49, for a total transaction of $11,140.73. Following the completion of the transaction, the insider now owns 1,321,791 shares of the company’s stock, valued at approximately $1,969,468.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, June 14th, Adam Storm sold 7,812 shares of Wag! Group stock. The stock was sold at an average price of $1.54, for a total transaction of $12,030.48.
• On Wednesday, June 12th, Adam Storm sold 7,803 shares of Wag! Group stock. The stock was sold at an average price of $1.51, for a total transaction of $11,782.53.
• On Monday, June 10th, Adam Storm sold 2,673 shares of Wag! Group stock. The stock was sold at an average price of $1.51, for a total transaction 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 transaction of $7,380.72.
• On Tuesday, June 4th, Adam Storm sold 3,280 shares of Wag! Group stock. The shares were sold at an average price of $1.51, for a total transaction of $4,952.80.
• On Thursday, May 30th, Adam Storm sold 13,999 shares of Wag! Group stock. The shares were sold at an average price of $1.54, for a total transaction of $21,558.46.
• On Tuesday, May 28th, Adam Storm sold 5,712 shares of Wag! Group stock. The shares were sold at an average price of $1.59, for a total transaction of $9,082.08.
• On Thursday, May 23rd, Adam Storm sold 6,880 shares of Wag! Group stock. The shares were sold at an average price of $1.63, for a total transaction 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 transaction 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 transaction of $24,841.05.

Wag! Group Price Performance

Shares of PET opened at $1.44 on Wednesday. Wag! Group Co. has a twelve month low of $1.42 and a twelve month high of $2.65. The firm’s fifty day simple moving average is $1.91 and its 200-day simple moving average is $1.92. The firm has a market capitalization of $58.49 million, a price-to-earnings ratio of -4.00 and a beta of 1.77. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 15.59.

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

Institutional Investors Weigh In On Wag! Group

Hedge funds and other institutional investors have recently modified their holdings of the company. SVB Wealth LLC raised its stake 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 acquiring an additional 70,000 shares in the last quarter. ATW Spac Management LLC acquired a new stake in Wag! Group during the 3rd quarter worth $117,000. Finally, Cerity Partners LLC acquired a new stake in Wag! Group during the 4th quarter worth $40,000. 86.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. DA Davidson dropped their price target on shares of Wag! Group from $6.00 to $3.50 and set a “buy” rating for the company in a research note on Thursday, May 16th. Chardan Capital reaffirmed a “buy” rating and set a $8.00 price objective on shares of Wag! Group in a research report on Friday, May 10th. Finally, Lake Street Capital initiated coverage on shares of Wag! Group in a research report on Thursday, May 30th. They set a “buy” rating and a $4.00 price objective for the company.

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.