#7 - WAG! Group (NASDAQ:PET)
The pet industry is one of the fastest growing segment in the market. Pet ownership grew significantly in 2020 and 2021, and now those owners are adjusting to a new normal that, in some cases, includes working in an office.
That increases the demand for pet caregivers and that’s why Wag! Group, Inc. (NASDAQ: PET) makes this list. The company provides an online platform that matches pet caregivers with pet owners. WAG! Group is going beyond dog walking to include a range of services, some of which are unique to the company.
WAG! Group is increasing revenue and is getting closer to be profitable. And this may be an ideal time for investors to jump into PET stock. Institutional investors have been piling into the stock. According to MarketBeat, institutional ownership for the stock is now at 88% which should give the stock a solid floor.
About Wag! Group
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.
More- Current Price
- $0.30
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 4 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $4.40 (1,364.7% Upside)
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