Insider Selling: Wag! Group Co. (NASDAQ:PET) COO Sells 9,022 Shares of Stock

Posted by Alanna Baker on May 19th, 2024

Wag! Group Co. (NASDAQ:PET – Get Free Report) COO Dylan Allread sold 9,022 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $2.04, for a total transaction of $18,404.88. Following the completion of the sale, the chief operating officer now owns 659,259 shares in the company, valued at $1,344,888.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

On Tuesday, May 14th, Dylan Allread sold 10,058 shares of Wag! Group stock. The shares were sold at an average price of $2.25, for a total transaction 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 stock was 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 stock was sold at an average price of $2.07, for a total transaction 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 transaction of $6,755.13.
On Monday, March 18th, Dylan Allread sold 1,564 shares of Wag! Group stock. The stock was sold at an average price of $2.01, for a total transaction 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.
On Tuesday, February 20th, Dylan Allread sold 9,195 shares of Wag! Group stock. The shares were sold at an average price of $2.13, for a total value of $19,585.35.

Wag! Group Stock Performance

NASDAQ PET opened at $1.93 on Friday. Wag! Group Co. has a 12 month low of $1.59 and a 12 month high of $2.65. 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 stock has a 50 day moving average of $2.11 and a 200-day moving average of $1.94.

Wag! Group (NASDAQ:PET – Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.11) EPS for the quarter, beating 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 firm had revenue of $23.22 million during the quarter, compared to analysts’ expectations of $22.60 million. As a group, equities analysts expect that Wag! Group Co. will post -0.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on PET. 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. Chardan Capital reaffirmed a “buy” rating and issued a $8.00 target price on shares of Wag! Group in a research report on Friday, May 10th.

View Our Latest Analysis on PET

Institutional Investors Weigh In On Wag! Group

Hedge funds have recently bought and sold shares of the company. Cerity Partners LLC acquired a new position in shares of Wag! Group in the fourth quarter valued at $40,000. ATW Spac Management LLC bought a new stake in shares of Wag! Group during the third quarter worth approximately $117,000. StepStone Group LP acquired a new position in shares of Wag! Group in the third quarter valued at approximately $225,000. Finally, SVB Wealth LLC increased its stake in shares of Wag! Group by 100.0% during the fourth 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. 86.16% of the stock is currently owned by institutional investors and hedge funds.

About Wag! Group

(Get Free Report)

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.