Wag! Group (NASDAQ:PET) Price Target Cut to $6.00 by Analysts at DA Davidson

Wag! Group (NASDAQ:PET) had its price objective decreased by DA Davidson from $6.50 to $6.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock.

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

Wag! Group Price Performance

PET stock opened at $0.30 on Friday. Wag! Group has a 52-week low of $0.14 and a 52-week high of $2.47. The company’s 50 day simple moving average is $0.27 and its 200-day simple moving average is $0.54. The firm has a market capitalization of $14.97 million, a P/E ratio of -0.77 and a beta of 1.07.

Hedge Funds Weigh In On Wag! Group

A hedge fund recently raised its stake in Wag! Group stock. Whetstone Capital Advisors LLC increased its position in shares of Wag! Group Co. (NASDAQ:PET) by 156.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,222,413 shares of the company’s stock after purchasing an additional 1,354,558 shares during the quarter. Wag! Group accounts for approximately 0.9% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 25th largest position. Whetstone Capital Advisors LLC owned 4.55% of Wag! Group worth $1,911,000 at the end of the most recent reporting period. 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.