Wag! Group Co. (NASDAQ:PET) Insider David Cane Sells 17,075 Shares

Wag! Group Co. (NASDAQ:PET – Get Rating) insider David Cane sold 17,075 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $2.04, for a total transaction of $34,833.00. Following the completion of the sale, the insider now owns 197,211 shares in the company, valued at approximately $402,310.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Wag! Group Trading Down 3.0 %

Shares of PET stock opened at $1.94 on Friday. Wag! Group Co. has a 52 week low of $1.58 and a 52 week high of $13.13. The company has a debt-to-equity ratio of 3.36, a quick ratio of 2.15 and a current ratio of 2.15. The stock’s fifty day moving average is $2.26 and its 200-day moving average is $2.48.

Wag! Group (NASDAQ:PET – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.05. The company had revenue of $17.04 million for the quarter, compared to the consensus estimate of $13.75 million. As a group, sell-side analysts forecast that Wag! Group Co. will post -0.22 EPS for the current year.

Hedge Funds Weigh In On Wag! Group

A number of large investors have recently modified their holdings of PET. General Catalyst Group Management LLC bought a new stake in Wag! Group during the 3rd quarter worth about $14,302,000. Periscope Capital Inc. acquired a new stake in shares of Wag! Group during the 3rd quarter worth approximately $5,353,000. Cerity Partners LLC bought a new stake in shares of Wag! Group during the first quarter worth approximately $78,000. Rockefeller Capital Management L.P. lifted its holdings in Wag! Group by 140.0% in the first quarter. Rockefeller Capital Management L.P. now owns 30,000 shares of the company’s stock valued at $67,000 after buying an additional 17,500 shares during the period. Finally, CIBC Asset Management Inc bought a new position in Wag! Group in the first quarter valued at approximately $47,000. 88.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Wag! Group Company Profile

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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.