DA Davidson Cuts Wag! Group (NASDAQ:PET) Price Target to $6.00

Wag! Group (NASDAQ:PET) had its price target decreased by DA Davidson from $6.50 to $6.00 in a research report report published on Friday morning, Marketbeat reports. DA Davidson currently has a buy rating on the stock.

Other analysts have also issued research reports about the stock. Lake Street Capital lowered shares of Wag! Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Craig Hallum lowered shares of Wag! Group from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Wag! Group presently has an average rating of “Moderate Buy” and an average target price of $4.90.

Wag! Group Stock Performance

Shares of PET opened at $0.30 on Friday. The stock has a 50-day moving average price of $0.27 and a 200 day moving average price of $0.53. Wag! Group has a one year low of $0.14 and a one year high of $2.47. The company has a market capitalization of $14.75 million, a P/E ratio of -0.76 and a beta of 1.07.

Institutional Trading of Wag! Group

A hedge fund recently raised its stake in Wag! Group stock. Whetstone Capital Advisors LLC raised its stake in 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 buying an additional 1,354,558 shares during the quarter. Wag! Group makes up about 0.9% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Whetstone Capital Advisors LLC owned about 4.55% of Wag! Group worth $1,911,000 at the end of the most recent reporting period. Institutional investors own 86.16% of the company’s stock.

Wag! Group Company Profile

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.