John P. Szabo, Jr. Purchases 61,519 Shares of Wag! Group Co. (NASDAQ:PET) Stock

Wag! Group Co. (NASDAQ:PET) major shareholder John P. Szabo, Jr. acquired 61,519 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average cost of $0.82 per share, with a total value of $50,445.58. Following the transaction, the insider now directly owns 3,061,519 shares of the company’s stock, valued at $2,510,445.58. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Wag! Group Price Performance

PET stock opened at $0.90 on Wednesday. The stock has a market cap of $36.55 million, a price-to-earnings ratio of -2.50 and a beta of 1.75. The company has a debt-to-equity ratio of 15.59, a current ratio of 1.44 and a quick ratio of 1.44. The company has a 50 day simple moving average of $0.96 and a 200 day simple moving average of $1.54. Wag! Group Co. has a 1 year low of $0.66 and a 1 year high of $2.47.

Wag! Group (NASDAQ:PET) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). Wag! Group had a negative net margin of 14.24% and a negative return on equity of 1,880.60%. The company had revenue of $18.65 million during the quarter, compared to the consensus estimate of $18.60 million. Research analysts anticipate that Wag! Group Co. will post -0.2 EPS for the current fiscal year.

Institutional Trading of Wag! Group

A hedge fund recently bought a new stake in Wag! Group stock. Cowen AND Company LLC acquired a new stake in Wag! Group Co. (NASDAQ:PET) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 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 reporting period. 86.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PET. Roth Mkm cut their price target on shares of Wag! Group from $4.00 to $3.50 and set a “buy” rating for the company in a report on Tuesday, July 16th. Oppenheimer lowered their price objective on shares of Wag! Group from $6.00 to $3.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Finally, Lake Street Capital initiated coverage on Wag! Group in a report on Thursday, May 30th. They issued a “buy” rating and a $4.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $4.40.

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.