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

Shares of Wag! Group Co. (NASDAQ:PET) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $4.40.

A number of research firms have weighed in on PET. Lake Street Capital downgraded Wag! Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Craig Hallum cut shares of Wag! Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wag! Group stock. Whetstone Capital Advisors LLC lifted its holdings in shares of Wag! Group Co. (NASDAQ:PET) by 156.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,222,413 shares of the company’s stock after acquiring an additional 1,354,558 shares during the period. Wag! Group makes up approximately 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 as of its most recent SEC filing. Institutional investors and hedge funds own 86.16% of the company’s stock.

Wag! Group Stock Up 2.5 %

Shares of NASDAQ PET opened at $0.26 on Tuesday. The company has a 50 day moving average of $0.24 and a 200 day moving average of $0.64. Wag! Group has a twelve month low of $0.14 and a twelve month high of $2.47. The firm has a market cap of $12.84 million, a P/E ratio of -0.66 and a beta of 1.05.

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.