Wag! Group (NASDAQ:PET) Stock Rating Lowered by Craig Hallum

Wag! Group (NASDAQ:PET) was downgraded by stock analysts at Craig Hallum from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports.

Separately, Oppenheimer decreased their price target on shares of Wag! Group from $6.00 to $3.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $4.40.

Wag! Group Price Performance

Shares of Wag! Group stock opened at $0.17 on Thursday. The business has a fifty day simple moving average of $0.76 and a two-hundred day simple moving average of $1.20. Wag! Group has a 1 year low of $0.14 and a 1 year high of $2.47. The company has a market capitalization of $8.54 million, a price-to-earnings ratio of -0.45 and a beta of 1.79.

Insider Buying and Selling

In related news, CFO Alec Davidian sold 36,204 shares of the company’s 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 completion of the sale, the chief financial officer now owns 839,400 shares of the company’s stock, valued at $604,368. This represents a 4.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder John P. Szabo, Jr. bought 50,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was purchased at an average cost of $0.93 per share, for a total transaction of $46,500.00. Following the completion of the acquisition, the insider now owns 3,250,000 shares in the company, valued at approximately $3,022,500. This trade represents a 1.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 251,727 shares of company stock valued at $188,048. 23.20% of the stock is owned by company insiders.

Institutional Trading of Wag! Group

A hedge fund recently raised its stake in Wag! Group stock. Whetstone Capital Advisors LLC boosted its holdings in shares of Wag! Group Co. (NASDAQ:PET) by 156.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,222,413 shares of the company’s stock after purchasing an additional 1,354,558 shares during the period. Wag! Group comprises approximately 0.9% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Whetstone Capital Advisors LLC owned 4.55% of Wag! Group worth $1,911,000 at the end of the most recent quarter. 86.16% of the stock is currently owned by institutional investors and hedge funds.

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.