NASDAQ:PET

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

$1.89

+0.03 (+1.61%)

(As of 09/27/2023 ET)

Compare

Today's Range: $1.88
▼
$1.96
50-Day Range: $1.86
▼
$2.65
52-Week Range: $1.58
▼
$3.71

Volume: 6,931 shs
Average Volume: 94,456 shs
Market Capitalization: $73.29 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $6.75

Wag! Group MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 257.1% Upside
$6.75 Price Target
Short Interest: Healthy
0.31% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.04
Based on 6 Articles This Week
Insider Trading: Selling Shares
$143,054 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.34) to ($0.22) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Consumer Discretionary Sector

139th out of 277 stocks

Personal Services Industry

5th out of 13 stocks

3.5

Analyst's Opinion

Consensus Rating
Wag! Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $6.75, Wag! Group has a forecasted upside of 257.1% from its current price of $1.89.
Amount of Analyst Coverage
Wag! Group has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.31% of the float of Wag! Group has been sold short.
Short Interest Ratio / Days to Cover
Wag! Group has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Wag! Group has recently increased by 56.18%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Wag! Group does not currently pay a dividend.
Dividend Growth
Wag! Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PET.

2.2

News and Social Media Coverage

News Sentiment
Wag! Group has a news sentiment score of -0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.71 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Wag! Group this week, compared to 1 article on an average week.
Search Interest
4 people have searched for PET on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
4 people have added Wag! Group to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Wag! Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $143,054.00 in company stock.
Percentage Held by Insiders
23.90% of the stock of Wag! Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
60.29% of the stock of Wag! Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Wag! Group are expected to grow in the coming year, from ($0.34) to ($0.22) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Wag! Group is -1.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Wag! Group is -1.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Wag! Group has a P/B Ratio of 7.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Wag! Group (NASDAQ:PET) Stock

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. Wag! Group Co. was founded in 2015 and is headquartered in San Francisco, California.

PET Price History

30 days | 90 days | 365 days | Advanced Chart

PET Stock News Headlines

September 27, 2023 | businesswire.com

Pup-kin Spice and Everything Nice: Autumn Camp at Wag Hotels Luxury Pet Resort Hosts Full Week of Fall Festivities

September 27, 2023 | news.yahoo.com

He made tails wag: A big-hearted man will be greatly missed by dogs and people alike

September 27, 2023 | Chaikin Analytics (Ad)

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September 27, 2023 | benzinga.com

Pet Lovers Invited to Grand Opening of Michigan's First Wag N' Wash Store

September 15, 2023 | finance.yahoo.com

Insider Sell: Adam Storm Sells 31,500 Shares of Wag Group Co (PET)

September 14, 2023 | msn.com

A Local Dog Rescue Hopes to Find New Homes at Dublin Event on Sunday

September 13, 2023 | finance.yahoo.com

Wag! Announces Participation in Two Upcoming Investor Events

September 9, 2023 | yahoo.com

University of Iowa Stead Family Children’s Hospital enlists help of new therapy dogs

September 27, 2023 | Chaikin Analytics (Ad)

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September 6, 2023 | markets.businessinsider.com

Wag N' Wash Makes History with Grand Opening of Flagship Store in Michigan

September 1, 2023 | msn.com

CEO Ted Fischer Knows Older People Still Need to Play

August 29, 2023 | finance.yahoo.com

Pet Supplies Plus and Wag N' Wash Report Double Digit Growth Numbers with Sights Set on a Record-Breaking Year

August 26, 2023 | msn.com

California senior dogs are ‘strongly bonded’ and up for adoption: Meet Rock and Roll

August 24, 2023 | msn.com

Internet in Hysterics Over How Bull Terrier Behaves at Vet: 'Rearranging'

August 24, 2023 | msn.com

Senior dogs in Topeka fetch grant worth 7,500 bones through national group

August 22, 2023 | msn.com

Bull Terrier Takes Vet's Chair on Tour During Visit

August 22, 2023 | msn.com

Dog paralyzed in hit-and-run was adopted, then learned to wag his tail

August 19, 2023 | investing.com

Wag! Group Co (PET)

August 16, 2023 | seekingalpha.com

PETWW Wag! Group Co. WT EXP 073027

August 10, 2023 | finance.yahoo.com

Wag! Group Co. (NASDAQ:PET): Are Analysts Optimistic?

August 8, 2023 | msn.com

How the WAG and SAG-AFTRA Strikes Are Affecting Animals Actors and Their Trainers

August 8, 2023 | finance.yahoo.com

Wag! Reports Record Second Quarter 2023 Results

July 31, 2023 | msn.com

'Walk & Wags' at Knox Farm State Park

July 20, 2023 | finance.yahoo.com

Wag! To Report Second Quarter 2023 Financial Results on August 8, 2023

July 17, 2023 | msn.com

The Wiggles announce huge Australian tour for 2024

July 16, 2023 | msn.com

Paralyzed Dog Wags Tail for First Time in Her Sleep—'Happy in Her Dreams'

July 7, 2023 | markets.businessinsider.com

Craig-Hallum Reaffirms Their Buy Rating on Wag! Group (PET)

See More Headlines

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PET Company Calendar

Last Earnings: 8/08/2023
Today: 9/27/2023
Next Earnings (Estimated): 11/09/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Personal services
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NASDAQ:PET
CUSIP: N/A
CIK: 1842356
Web: www.wagwalking.com
Phone: 707-324-4219
Fax: N/A
Employees: 82
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $6.75
High Stock Price Forecast: $10.00
Low Stock Price Forecast: $5.00
Forecasted Upside/Downside: +244.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.80)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-38,570,000.00
Net Margins: -58.72%
Pretax Margin: -59.43%
Return on Equity: -500.57%
Return on Assets: -67.72%

Debt

Debt-to-Equity Ratio: 5.07
Current Ratio: 1.83
Quick Ratio: 1.83

Sales & Book Value

Annual Sales: $54.87 million
Price / Sales: 1.39
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.27 per share
Price / Book: 7.26

Miscellaneous

Outstanding Shares: 38,780,000
Free Float: 29,512,000
Market Cap: $76.01 million
Optionable: Not Optionable
Beta: N/A

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Key Executives

Mr. Garrett Smallwood (Age 32)
CEO, Chief Pet Officer & Chairman
Comp: $879.77k

Mr. Adam Storm (Age 31)
Pres & Chief Product Officer
Comp: $879.77k

Mr. Mazi Arjomand (Age 30)
Chief Technology Officer
Comp: $879.77k

Mr. Alec Davidian (Age 39)
Chief Financial Officer

Mr. Dylan Allread (Age 37)
Chief Operating Officer

Mr. Nicholas Yu (Age 40)
Director of Legal & Gen. Counsel

Mr. Patrick McCarthy (Age 41)
Chief Marketing Officer

Mr. David Cane (Age 39)
Chief Customer Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PET Stock - Frequently Asked Questions

Should I buy or sell Wag! Group stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wag! Group in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PET shares.
View PET analyst ratings or view top-rated stocks.
What is Wag! Group's stock price forecast for 2023?: 5 equities 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 share price to reach $6.75 in the next year. This suggests a possible upside of 244.4% from the stock's current price.
View analysts price targets for PET or view top-rated stocks among Wall Street analysts.
How have PET shares performed in 2023?: Wag! Group's stock was trading at $3.08 on January 1st, 2023. Since then, PET shares have decreased by 36.4% and is now trading at $1.96.
View the best growth stocks for 2023 here.
Are investors shorting Wag! Group?: Wag! Group saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 39,200 shares, an increase of 56.2% from the August 31st total of 25,100 shares. Based on an average daily trading volume, of 79,000 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the company's stock are sold short.
View Wag! Group's Short Interest.
When is Wag! Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our PET earnings forecast.
How were Wag! Group's earnings last quarter?: 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 the consensus estimate of ($0.07) by $0.02. The company had revenue of $19.82 million for the quarter, compared to analysts' expectations of $19.45 million. Wag! Group had a negative trailing twelve-month return on equity of 500.57% and a negative net margin of 58.72%.

What guidance has Wag! Group issued on next quarter's earnings?: Wag! Group updated its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share 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.
What is Wag! Group's stock symbol?: Wag! Group trades on the NASDAQ under the ticker symbol "PET."
Who are Wag! Group's major shareholders?: Wag! Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders 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.
View institutional ownership trends.
How do I buy shares of Wag! Group?: 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.
Compare Top Brokerages Here.
What is Wag! Group's stock price today?: One share of PET stock can currently be purchased for approximately $1.96.
How much money does Wag! Group make?: Wag! Group (NASDAQ:PET) has a market capitalization of $76.01 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.
How can I contact Wag! Group?: 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.

This page (NASDAQ:PET) was last updated on 9/27/2023 by MarketBeat.com Staff

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