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An update from Wag! Group ( (PET) ) is now available.
At the recent Annual Meeting, Wag! Group successfully elected Class III Directors Garrett Smallwood, Jocelyn Mangan, and Sheila Marcelo to serve until 2028. Additionally, the shareholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Furthermore, a proposal was approved to authorize the Board of Directors to amend the Company’s Restated Certificate of Incorporation to effect a reverse stock split of common stock at a ratio between 1-for-10 and 1-for-20, to be determined by the Board.
The most recent analyst rating on (PET) stock is a Buy with a $3.50 price target. To see the full list of analyst forecasts on Wag! Group stock, see the PET Stock Forecast page.
Spark’s Take on PET Stock
According to Spark, TipRanks’ AI Analyst, PET is a Neutral.
The overall stock score reflects significant financial challenges, including declining revenues and negative earnings, which heavily weigh on the score. The technical outlook is weak, and the valuation is unattractive due to the lack of profitability. While the earnings call highlights some positive strategic developments, they are overshadowed by ongoing operational challenges.
To see Spark’s full report on PET stock, click here.
More about Wag! Group
Average Trading Volume: 4,486,763
Technical Sentiment Signal: Sell
Current Market Cap: $6.23M
For a thorough assessment of PET stock, go to TipRanks’ Stock Analysis page.