PetIQ Inc (NASDAQ:PETQ) Insider Will Santana Sells 10,000 Shares of Stock

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PetIQ Inc (NASDAQ:PETQ) insider Will Santana sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $31.68, for a total value of $316,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Will Santana also recently made the following trade(s):

  • On Thursday, July 25th, Will Santana sold 20,000 shares of PetIQ stock. The shares were sold at an average price of $35.85, for a total value of $717,000.00.
  • On Wednesday, July 10th, Will Santana sold 20,000 shares of PetIQ stock. The shares were sold at an average price of $34.07, for a total value of $681,400.00.
  • On Wednesday, June 26th, Will Santana sold 20,000 shares of PetIQ stock. The shares were sold at an average price of $30.02, for a total value of $600,400.00.
  • On Tuesday, June 4th, Will Santana sold 20,000 shares of PetIQ stock. The shares were sold at an average price of $27.46, for a total value of $549,200.00.
  • On Thursday, May 23rd, Will Santana sold 20,000 shares of PetIQ stock. The shares were sold at an average price of $28.16, for a total value of $563,200.00.

Shares of NASDAQ PETQ opened at $32.27 on Thursday. The company has a quick ratio of 1.51, a current ratio of 2.89 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $900.74 million, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 1.73 and a beta of 2.06. The company has a 50 day moving average price of $33.85. PetIQ Inc has a 52-week low of $21.29 and a 52-week high of $43.93.

PetIQ (NASDAQ:PETQ) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.35. The firm had revenue of $220.60 million during the quarter, compared to analyst estimates of $193.89 million. PetIQ had a return on equity of 9.47% and a net margin of 0.51%. PetIQ’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 earnings per share. Equities research analysts anticipate that PetIQ Inc will post 0.74 earnings per share for the current year.

Several research analysts have issued reports on PETQ shares. ValuEngine lowered PetIQ from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered PetIQ from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Guggenheim started coverage on PetIQ in a research report on Thursday, May 23rd. They set a “buy” rating and a $35.00 target price for the company. Finally, BidaskClub lowered PetIQ from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. PetIQ presently has an average rating of “Buy” and a consensus target price of $40.71.

Several hedge funds and other institutional investors have recently made changes to their positions in PETQ. BlackRock Inc. boosted its holdings in shares of PetIQ by 46.5% in the fourth quarter. BlackRock Inc. now owns 1,343,674 shares of the company’s stock valued at $31,536,000 after purchasing an additional 426,190 shares during the period. Citigroup Inc. boosted its holdings in shares of PetIQ by 43.5% in the fourth quarter. Citigroup Inc. now owns 1,827 shares of the company’s stock valued at $43,000 after purchasing an additional 554 shares during the period. Northern Trust Corp boosted its holdings in shares of PetIQ by 33.4% in the fourth quarter. Northern Trust Corp now owns 197,947 shares of the company’s stock valued at $4,645,000 after purchasing an additional 49,582 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of PetIQ by 226.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 95,881 shares of the company’s stock valued at $2,250,000 after purchasing an additional 66,498 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of PetIQ by 49.4% in the fourth quarter. Geode Capital Management LLC now owns 175,379 shares of the company’s stock valued at $4,116,000 after purchasing an additional 58,000 shares during the period. Hedge funds and other institutional investors own 89.33% of the company’s stock.

About PetIQ

PetIQ, Inc operates as a pet health and wellness company. It operates through two segments, Products and Services. It manufactures and distributes veterinarian services and veterinarian-grade pet products, including prescription (Rx) medications, over-the-counter (OTC) flea and tick preventatives, and health and wellness products for dogs and cats.

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Insider Buying and Selling by Quarter for PetIQ (NASDAQ:PETQ)

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