Wag! Group (PET) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wag! Group in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PET shares.
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5 Wall Street research analysts have issued 1-year target prices for Wag! Group's stock. Their PET share price forecasts range from $5.00 to $10.00. On average, they anticipate the company's stock price to reach $6.75 in the next twelve months. This suggests a possible upside of 256.2% from the stock's current price.
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Wag! Group's stock was trading at $3.08 at the beginning of the year. Since then, PET stock has decreased by 38.5% and is now trading at $1.8950.
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Wag! Group saw a decline in short interest in August. As of August 31st, there was short interest totaling 25,100 shares, a decline of 22.0% from the August 15th total of 32,200 shares. Based on an average trading volume of 76,700 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our PET earnings forecast.

Wag! Group Co. (NASDAQ:PET) issued its quarterly earnings results on Tuesday, August, 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by $0.02. The business earned $19.82 million during the quarter, compared to analysts' expectations of $19.45 million. Wag! Group had a negative net margin of 58.72% and a negative trailing twelve-month return on equity of 500.57%.

Wag! Group updated its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $80.00 million-$84.00 million, compared to the consensus revenue estimate of $82.59 million.

Wag! Group trades on the NASDAQ under the ticker symbol "PET."

Wag! Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Liberty Street Advisors Inc. (1.00%), Renaissance Technologies LLC (0.33%), Geode Capital Management LLC (0.24%), Wealthspire Advisors LLC (0.16%), BlackRock Inc. (0.10%) and Radcliffe Capital Management L.P. (0.07%). Insiders that own company stock include Adam Storm, Alec Davidian, Brian Yee, David Cane, Dylan Allread, Garrett Smallwood, Maziar Arjomand, Nicholas Yu and Scott Stanford.
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Shares of PET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PET stock can currently be purchased for approximately $1.90.

Wag! Group (NASDAQ:PET) has a market capitalization of $73.49 million and generates $54.87 million in revenue each year. The company earns $-38,570,000.00 in net income (profit) each year or ($1.80) on an earnings per share basis.

The official website for the company is www.wagwalking.com. The company can be reached via phone at 707-324-4219 or via email at ir@wagwalking.com.