Wag! Group Co. (NASDAQ:PET) CEO Sells $48,353.10 in Stock

Wag! Group Co. (NASDAQ:PET) CEO Garrett Smallwood sold 28,443 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $1.70, for a total transaction of $48,353.10. Following the transaction, the chief executive officer now owns 1,252,230 shares in the company, valued at $2,128,791. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, May 22nd, Garrett Smallwood sold 8,800 shares of Wag! Group stock. The stock was sold at an average price of $1.72, for a total transaction of $15,136.00.
• On Friday, May 17th, Garrett Smallwood sold 12,606 shares of Wag! Group stock. The stock was sold at an average price of $1.94, for a total transaction of $24,455.64.
• On Tuesday, February 20th, Garrett Smallwood sold 15,243 shares of Wag! Group stock. The shares were sold at an average price of $2.13, for a total transaction of $32,467.59.

Wag! Group Price Performance

Shares of 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. The company’s fifty day moving average is $2.09 and its two-hundred day moving average is $1.94. Wag! Group Co. has a 1 year low of $1.57 and a 1 year high of $2.65.

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

Hedge Funds Weigh In On Wag! Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. StepStone Group LP acquired a new position in shares of Wag! Group during the 3rd quarter worth $225,000. SVB Wealth LLC grew its stake in shares of Wag! Group by 100.0% during the 4th quarter. SVB Wealth LLC now owns 140,000 shares of the company’s stock worth $245,000 after purchasing an additional 70,000 shares during the period. ATW Spac Management LLC acquired a new position in shares of Wag! Group during the 3rd quarter worth $117,000. Finally, Cerity Partners LLC acquired a new position in shares of Wag! Group during the 4th quarter worth $40,000. 86.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PET has been the topic of several recent research reports. DA Davidson dropped their price objective on shares of Wag! Group from $6.00 to $3.50 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Chardan Capital reissued a “buy” rating and issued a $8.00 price objective on shares of Wag! Group in a research note on Friday, May 10th.

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.