Brokerages Set Wag! Group Co. (NASDAQ:PET) Target Price at $4.90

Shares of Wag! Group Co. (NASDAQ:PET) have been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $4.90.

Separately, DA Davidson lowered their price target on shares of Wag! Group from $6.50 to $6.00 and set a “buy” rating for the company in a report on Friday, February 21st.

Wag! Group Stock Performance

Shares of PET stock opened at $0.25 on Wednesday. The stock has a market capitalization of $12.26 million, a P/E ratio of -0.63 and a beta of 1.02. The company has a 50 day moving average price of $0.28 and a 200 day moving average price of $0.45. Wag! Group has a fifty-two week low of $0.14 and a fifty-two week high of $2.47.

Institutional Trading of Wag! Group

A hedge fund recently raised its stake in Wag! Group stock. Whetstone Capital Advisors LLC grew its position in shares of Wag! Group Co. (NASDAQ:PET) by 156.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,222,413 shares of the company’s stock after buying an additional 1,354,558 shares during the quarter. Wag! Group accounts for 0.9% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Whetstone Capital Advisors LLC owned 4.55% of Wag! Group worth $1,911,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 86.16% of the company’s stock.

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.