Wag! Group Co. (NASDAQ:PET – Get Free Report) major shareholder John P. Szabo, Jr. purchased 50,000 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was bought at an average price of $0.93 per share, with a total value of $46,500.00. Following the completion of the transaction, the insider now directly owns 3,250,000 shares of the company’s stock, valued at $3,022,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Wag! Group Stock Performance
NASDAQ:PET opened at $0.90 on Wednesday. The stock has a market capitalization of $36.55 million, a P/E ratio of -2.50 and a beta of 1.75. The company has a debt-to-equity ratio of 15.59, a quick ratio of 1.44 and a current ratio of 1.44. Wag! Group Co. has a fifty-two week low of $0.66 and a fifty-two week high of $2.47. The company has a 50 day moving average price of $0.96 and a 200 day moving average price of $1.54.
Wag! Group (NASDAQ:PET – Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported ($0.06) EPS for the quarter, meeting analysts’ consensus estimates of ($0.06). The company had revenue of $18.65 million during the quarter, compared to analysts’ expectations of $18.60 million. Wag! Group had a negative return on equity of 1,880.60% and a negative net margin of 14.24%. Equities research analysts forecast that Wag! Group Co. will post -0.2 EPS for the current year.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on PET
Institutional Trading of Wag! Group
A hedge fund recently bought a new stake in Wag! Group stock. Cowen AND Company LLC acquired a new stake in Wag! Group Co. (NASDAQ:PET – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 45,000 shares of the company’s stock, valued at approximately $72,000. Cowen AND Company LLC owned about 0.11% of Wag! Group at the end of the most recent quarter. 86.16% of the stock is currently owned by institutional investors.
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.
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