Wag! Group (NASDAQ:PET) Releases Earnings Results

Wag! Group (NASDAQ:PET) released its quarterly earnings data on Monday. The company reported ($0.10) earnings per share for the quarter, Zacks reports. Wag! Group had a negative net margin of 21.13% and a negative return on equity of 6,427.25%.

Wag! Group Trading Up 1.5%

NASDAQ PET opened at $0.15 on Monday. The company has a market cap of $7.64 million, a price-to-earnings ratio of -0.39 and a beta of 1.33. The company has a 50 day moving average of $0.17 and a 200-day moving average of $0.26. Wag! Group has a 1-year low of $0.08 and a 1-year high of $2.46.

Wall Street Analyst Weigh In

Separately, DA Davidson cut their price objective on shares of Wag! Group from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Wag! Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.13.

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.