Mon Sep 23 22:46:43 UTC 2024: ## Wag! Group Co. (PET) Sees Insider Purchase and Institutional Investment

**New York, NY – September 23, 2024** – Wag! Group Co. (NASDAQ:PET), the company behind a popular pet care platform, saw significant activity in its stock recently. John P. Szabo, Jr., a major shareholder, acquired 61,519 shares of PET stock on September 19th at an average price of $0.82 per share, totaling $50,445.58. This purchase increased his direct ownership to 3,061,519 shares, valued at $2,510,445.58.

This insider purchase comes on the heels of institutional investment from Cowen AND Company LLC, who acquired a new position in PET stock during the second quarter, purchasing 45,000 shares valued at approximately $72,000. This represents roughly 0.11% of Wag! Group’s outstanding shares.

These developments indicate a positive outlook for the company, with both insiders and institutions showing confidence in PET’s future.

Wag! Group’s platform allows pet parents to connect with independent pet caregivers for services like dog walking, pet sitting, boarding, and training. The company also offers pet insurance comparison tools and advice from licensed pet experts.

Despite reporting a net loss of $0.06 per share in the most recent quarter, the company surpassed analysts’ revenue expectations, generating $18.65 million compared to an estimated $18.60 million. While analysts anticipate a -0.2 EPS for the current year, the recent investor activity suggests a belief in the company’s potential for growth.

**Disclaimer:** This news article is intended for informational purposes only and should not be considered financial advice. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.

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