Wag! Group (NASDAQ:PET) Lowered to “Hold” Rating by Craig Hallum

Wag! Group (NASDAQ:PET) was downgraded by equities research analysts at Craig Hallum from a “buy” rating to a “hold” rating in a report released on Thursday,Briefing.com Automated Import reports.

Separately, Oppenheimer lowered their price target on shares of Wag! Group from $6.00 to $3.00 and set an “outperform” rating for the company in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Wag! Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.40.

Wag! Group Price Performance

Shares of PET stock opened at $0.21 on Thursday. The business has a 50-day moving average of $0.80 and a 200 day moving average of $1.23. Wag! Group has a 1-year low of $0.17 and a 1-year high of $2.47. The stock has a market capitalization of $10.25 million, a PE ratio of -0.66 and a beta of 1.79.

Insider Activity at Wag! Group

In other news, CFO Alec Davidian sold 36,204 shares of Wag! Group stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $0.72, for a total transaction of $26,066.88. Following the sale, the chief financial officer now owns 839,400 shares of the company’s stock, valued at approximately $604,368. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Wag! Group news, major shareholder John P. Szabo, Jr. bought 50,000 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were purchased at an average price of $0.93 per share, for a total transaction of $46,500.00. Following the acquisition, the insider now owns 3,250,000 shares in the company, valued at approximately $3,022,500. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Alec Davidian sold 36,204 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $0.72, for a total transaction of $26,066.88. Following the completion of the sale, the chief financial officer now directly owns 839,400 shares in the company, valued at $604,368. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 251,727 shares of company stock worth $188,048 over the last quarter. 23.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Wag! Group

A hedge fund recently raised its stake in Wag! Group stock. Whetstone Capital Advisors LLC lifted its holdings in shares of Wag! Group Co. (NASDAQ:PET) by 156.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,222,413 shares of the company’s stock after buying an additional 1,354,558 shares during the period. Wag! Group makes up 0.9% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 25th biggest position. Whetstone Capital Advisors LLC owned about 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 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.