Analysts Set Wag! Group Co. (NASDAQ:PET) PT at $4.40

Shares of Wag! Group Co. (NASDAQ:PET) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $4.40.

PET has been the subject of a number of research analyst reports. Craig Hallum lowered Wag! Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Lake Street Capital cut Wag! Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th.

Hedge Funds Weigh In On Wag! Group

An institutional investor recently bought a new position in Wag! Group stock. Cowen AND Company LLC bought a new position in Wag! Group Co. (NASDAQ:PET) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 45,000 shares of the company’s stock, valued at approximately $72,000. Cowen AND Company LLC owned about 0.11% of Wag! Group at the end of the most recent quarter. 86.16% of the stock is currently owned by institutional investors and hedge funds.

Wag! Group Stock Performance

PET opened at $0.30 on Friday. The stock has a market capitalization of $14.95 million, a price-to-earnings ratio of -0.77 and a beta of 1.22. The company has a fifty day moving average of $0.33 and a 200 day moving average of $0.80. Wag! Group has a fifty-two week low of $0.14 and a fifty-two week high of $2.47.

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.