Dogness (International) has received a downgrade from equities research analysts at Wall Street Zen, which has moved the company’s rating from “hold” to “sell.” This decision was made public in a report released on March 15, 2024. Additionally, Weiss Ratings reaffirmed a “sell (d-)” rating on Dogness shares in a report issued on March 14, 2024. According to data from MarketBeat.com, Dogness (International) currently holds an average rating of “sell” from analysts covering the stock.
Recent Stake Movements and Institutional Insights
In a notable shift, Tower Research Capital LLC has significantly increased its investment in Dogness (International). The hedge fund raised its stake by an impressive 687.5% during the second quarter of 2024. According to the most recent filing with the U.S. Securities and Exchange Commission (SEC), Tower Research now owns 2,953 shares after acquiring an additional 2,578 shares during this period. At the end of the latest reporting cycle, these holdings were valued at approximately $48,000. Overall, hedge funds and other institutional investors collectively own 5.12% of Dogness’s stock.
Dogness (International), listed on the NASDAQ under the ticker symbol DOGZ, specializes in designing, manufacturing, and selling fashionable products for pets. The company’s offerings range from pet leashes and collars to innovative products such as app-controlled pet feeders and smart toys.
Overview of Dogness (International)
Founded with the mission to enhance the lives of pets and their owners, Dogness (International) has developed a diverse product portfolio that includes pet harnesses, retractable leashes, and various pet accessories. The firm operates globally, serving a wide range of customers who value both functionality and style for their pets.
As the market continues to evolve, the recent downgrades from Wall Street Zen and Weiss Ratings suggest caution among analysts regarding Dogness’s future performance. Investors will be closely monitoring how these ratings influence stock performance and investor sentiment in the coming months.
