Wag! Group Sells Furscription Software Amid Financial Struggles
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Wag! Group has sold its veterinary e-prescription software, Furscription, to MWI Veterinary Supply Co. for $5 million to help repay debts. Despite this sale, the company faces ongoing financial difficulties and may consider bankruptcy protection. The latest analyst rating for Wag! Group (PET) stock is a Buy with a $3.50 price target, although concerns about declining revenues and high debt persist. The current market cap is $8.21 million, with a neutral outlook from analysts due to significant financial challenges.
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