Wag! Group Co. (NASDAQ:PET – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 25,100 shares, a decline of 22.0% from the August 15th total of 32,200 shares. Based on an average daily volume of 76,700 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the shares of the company are short sold.
Insider Buying and Selling at Wag! Group
In other Wag! Group news, insider Adam Storm sold 27,400 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $2.02, for a total value of $55,348.00. Following the transaction, the insider now directly owns 866,198 shares in the company, valued at $1,749,719.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Adam Storm sold 27,400 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $2.02, for a total value of $55,348.00. Following the transaction, the insider now directly owns 866,198 shares in the company, valued at $1,749,719.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Maziar Arjomand sold 14,495 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $2.15, for a total transaction of $31,164.25. Following the completion of the transaction, the chief technology officer now owns 841,911 shares in the company, valued at $1,810,108.65. The disclosure for this sale can be found here. Insiders have sold a total of 68,385 shares of company stock worth $142,851 over the last ninety days. Insiders own 23.90% of the company’s stock.
Institutional Trading of Wag! Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Wag! Group by 5.0% during the 2nd quarter. Geode Capital Management LLC now owns 91,676 shares of the company’s stock worth $193,000 after buying an additional 4,406 shares during the period. SVB Wealth LLC grew its position in shares of Wag! Group by 7.7% during the 1st quarter. SVB Wealth LLC now owns 70,000 shares of the company’s stock worth $157,000 after buying an additional 5,000 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in shares of Wag! Group during the 4th quarter worth approximately $38,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of Wag! Group during the 2nd quarter worth approximately $28,000. Finally, Levin Capital Strategies L.P. acquired a new stake in shares of Wag! Group during the 4th quarter worth approximately $62,000. Institutional investors and hedge funds own 60.29% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Chardan Capital reaffirmed a “buy” rating and set a $8.00 price objective on shares of Wag! Group in a research report on Thursday, August 10th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Wag! Group currently has an average rating of “Buy” and an average price target of $6.75.
Get Our Latest Analysis on Wag! Group
Wag! Group Trading Up 0.5 %
NASDAQ PET traded up $0.01 during trading hours on Friday, reaching $1.95. The company’s stock had a trading volume of 12,887 shares, compared to its average volume of 97,473. The firm has a fifty day simple moving average of $2.20 and a 200-day simple moving average of $2.20. The stock has a market cap of $75.62 million and a P/E ratio of -1.08. Wag! Group has a 52 week low of $1.58 and a 52 week high of $6.50. The company has a debt-to-equity ratio of 5.07, a current ratio of 1.83 and a quick ratio of 1.83.
Wag! Group (NASDAQ:PET – Get Free Report) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The business had revenue of $19.82 million during the quarter, compared to the consensus estimate of $19.45 million. Wag! Group had a negative net margin of 58.72% and a negative return on equity of 500.57%. Equities analysts forecast that Wag! Group will post -0.34 earnings per share for the current fiscal year.
About Wag! Group
(Get Free Report)
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.
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