Insider Selling: Wag! Group Co. (NASDAQ:PET) COO Sells 8,693 Shares of Stock

Wag! Group Co. (NASDAQ:PET) COO Dylan Allread sold 8,693 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $1.70, for a total value of $14,778.10. Following the sale, the chief operating officer now directly owns 650,566 shares in the company, valued at approximately $1,105,962.20. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Dylan Allread also recently made the following trade(s):

• On Thursday, May 16th, Dylan Allread sold 9,022 shares of Wag! Group stock. The stock was sold at an average price of $2.04, for a total value of $18,404.88.
• On Tuesday, May 14th, Dylan Allread sold 10,058 shares of Wag! Group stock. The stock was sold at an average price of $2.25, for a total value of $22,630.50.
• On Friday, April 19th, Dylan Allread sold 9,981 shares of Wag! Group stock. The stock was sold at an average price of $2.08, for a total value of $20,760.48.
• On Wednesday, April 17th, Dylan Allread sold 35,855 shares of Wag! Group stock. The shares were sold at an average price of $2.12, for a total value of $76,012.60.
• On Monday, April 15th, Dylan Allread sold 700 shares of Wag! Group stock. The shares were sold at an average price of $2.07, for a total value of $1,449.00.
• On Wednesday, March 20th, Dylan Allread sold 3,429 shares of Wag! Group stock. The shares were sold at an average price of $1.97, for a total value of $6,755.13.
• On Monday, March 18th, Dylan Allread sold 1,564 shares of Wag! Group stock. The shares were sold at an average price of $2.01, for a total value of $3,143.64.
• On Thursday, March 14th, Dylan Allread sold 4,887 shares of Wag! Group stock. The shares were sold at an average price of $2.03, for a total value of $9,920.61.

Wag! Group Price Performance

Shares of NASDAQ PET opened at $1.68 on Thursday. The company has a debt-to-equity ratio of 15.59, a current ratio of 1.33 and a quick ratio of 1.33. Wag! Group Co. has a 1-year low of $1.57 and a 1-year high of $2.65. The stock’s 50-day moving average is $2.09 and its 200 day moving average is $1.94.

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

Analysts Set New Price Targets

Several research firms have weighed in on PET. DA Davidson lowered their price target on Wag! Group from $6.00 to $3.50 and set a “buy” rating on the stock in a report on Thursday, May 16th. Chardan Capital reissued a “buy” rating and set a $8.00 price objective on shares of Wag! Group in a report on Friday, May 10th.

Hedge Funds Weigh In On Wag! Group

Several institutional investors and hedge funds have recently bought and sold shares of PET. StepStone Group LP bought a new position in Wag! Group during the 3rd quarter worth approximately $225,000. ATW Spac Management LLC bought a new stake in shares of Wag! Group in the 3rd quarter worth approximately $117,000. Cerity Partners LLC bought a new stake in shares of Wag! Group in the 4th quarter worth approximately $40,000. Finally, SVB Wealth LLC grew its position in shares of Wag! Group by 100.0% in the 4th quarter. SVB Wealth LLC now owns 140,000 shares of the company’s stock worth $245,000 after buying an additional 70,000 shares during the last quarter. 86.16% of the stock is currently owned by institutional investors.

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.