Wag! Group Co. (NASDAQ:PET) CEO Sells $16,645.71 in Stock

Wag! Group Co. (NASDAQ:PET) CEO Garrett Smallwood sold 10,469 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $1.59, for a total transaction of $16,645.71. Following the transaction, the chief executive officer now owns 1,195,848 shares in the company, valued at $1,901,398.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Garrett Smallwood also recently made the following trade(s):

• On Wednesday, May 22nd, Garrett Smallwood sold 8,800 shares of Wag! Group stock. The shares were sold at an average price of $1.72, for a total transaction of $15,136.00.
• On Monday, May 20th, Garrett Smallwood sold 28,443 shares of Wag! Group stock. The shares were sold at an average price of $1.70, for a total transaction of $48,353.10.
• On Friday, May 17th, Garrett Smallwood sold 12,606 shares of Wag! Group stock. The shares were sold at an average price of $1.94, for a total transaction of $24,455.64.

Wag! Group Stock Performance

Shares of PET stock opened at $1.60 on Monday. The company has a debt-to-equity ratio of 15.59, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $64.99 million, a P/E ratio of -4.44 and a beta of 2.01. The company’s 50 day moving average price is $2.08 and its two-hundred day moving average price is $1.94. Wag! Group Co. has a 52 week low of $1.57 and a 52 week high of $2.65.

Wag! Group (NASDAQ:PET) last announced its earnings results on Thursday, May 9th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.03. The firm had revenue of $23.22 million for the quarter, compared to the consensus estimate of $22.60 million. Wag! Group had a negative net margin of 15.92% and a negative return on equity of 553.34%. On average, analysts expect that Wag! Group Co. will post -0.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Wag! Group

Several hedge funds have recently made changes to their positions in PET. StepStone Group LP bought a new position in shares of Wag! Group during the 3rd quarter worth approximately $225,000. ATW Spac Management LLC bought a new position in shares of Wag! Group during the 3rd quarter worth approximately $117,000. Cerity Partners LLC bought a new position in shares of Wag! Group in the fourth quarter valued at $40,000. Finally, SVB Wealth LLC grew its stake in shares of Wag! Group by 100.0% in the fourth quarter. SVB Wealth LLC now owns 140,000 shares of the company’s stock valued at $245,000 after buying an additional 70,000 shares in the last quarter. 86.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PET shares. Chardan Capital reiterated a “buy” rating and issued a $8.00 price target on shares of Wag! Group in a research report on Friday, May 10th. DA Davidson cut their price target on shares of Wag! Group from $6.00 to $3.50 and set a “buy” rating on the stock in a research report on Thursday, May 16th.

About Wag! Group

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.