Wag! Group (NASDAQ:PET) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Wag! Group (NASDAQ:PET) announced its quarterly earnings data on Monday. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02), Zacks reports. Wag! Group had a negative return on equity of 6,427.25% and a negative net margin of 21.13%. The business had revenue of $15.80 million during the quarter, compared to analyst estimates of $15.80 million. Wag! Group updated its FY 2025 guidance to EPS.

Wag! Group Stock Down 20.4 %

Shares of PET stock traded down $0.05 during trading hours on Monday, reaching $0.20. 1,467,857 shares of the stock traded hands, compared to its average volume of 867,324. The firm has a market capitalization of $9.76 million, a PE ratio of -0.50 and a beta of 1.02. Wag! Group has a 1-year low of $0.14 and a 1-year high of $2.47. The business has a fifty day moving average price of $0.28 and a 200 day moving average price of $0.44.

Analyst Ratings Changes

Separately, DA Davidson dropped their price target on Wag! Group from $6.50 to $6.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $4.90.

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.