Wag! Group Co. (NASDAQ:PET) COO Dylan Allread Sells 26,886 Shares

Wag! Group Co. (NASDAQ:PETGet Rating) COO Dylan Allread sold 26,886 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $2.04, for a total transaction of $54,847.44. Following the sale, the chief operating officer now directly owns 230,257 shares in the company, valued at $469,724.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wag! Group Trading Down 3.0 %

NASDAQ:PET opened at $1.94 on Friday. The stock’s fifty day moving average price is $2.26 and its two-hundred day moving average price is $2.48. Wag! Group Co. has a 52-week low of $1.58 and a 52-week high of $13.13. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 3.36.

Wag! Group (NASDAQ:PETGet Rating) last posted its quarterly earnings results on Tuesday, February 21st. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.05. The firm had revenue of $17.04 million during the quarter, compared to the consensus estimate of $13.75 million. On average, research analysts forecast that Wag! Group Co. will post -0.22 EPS for the current year.

Institutional Investors Weigh In On Wag! Group

Several institutional investors have recently modified their holdings of the business. SVB Wealth LLC raised 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 valued at $157,000 after acquiring an additional 5,000 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Wag! Group by 11.4% during the 1st quarter. Geode Capital Management LLC now owns 87,270 shares of the company’s stock worth $195,000 after buying an additional 8,948 shares during the period. Rockefeller Capital Management L.P. bought a new stake in shares of Wag! Group in the 4th quarter valued at about $38,000. Levin Capital Strategies L.P. acquired a new stake in shares of Wag! Group in the 4th quarter valued at approximately $62,000. Finally, Jane Street Group LLC bought a new position in Wag! Group during the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 88.05% of the company’s stock.

Analyst Ratings Changes

Separately, Chardan Capital raised their price target on Wag! Group from $5.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday, February 22nd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $6.75.

About Wag! Group

(Get Rating)

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 access to other services.

Further Reading

Insider Buying and Selling by Quarter for Wag! Group (NASDAQ:PET)

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