Will Santana Sells 20,000 Shares of PetIQ Inc (PETQ) Stock

PetIQ Inc (NASDAQ:PETQ) insider Will Santana sold 20,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $27.85, for a total transaction of $557,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Wednesday, April 24th, Will Santana sold 20,000 shares of PetIQ stock. The shares were sold at an average price of $30.77, for a total transaction of $615,400.00.
  • On Thursday, April 11th, Will Santana sold 20,000 shares of PetIQ stock. The shares were sold at an average price of $31.06, for a total transaction of $621,200.00.
  • On Thursday, March 28th, Will Santana sold 20,000 shares of PetIQ stock. The shares were sold at an average price of $30.39, for a total transaction of $607,800.00.
  • On Thursday, March 7th, Will Santana sold 20,000 shares of PetIQ stock. The shares were sold at an average price of $25.63, for a total transaction of $512,600.00.
  • On Wednesday, February 27th, Will Santana sold 20,000 shares of PetIQ stock. The shares were sold at an average price of $30.54, for a total transaction of $610,800.00.
  • On Wednesday, February 13th, Will Santana sold 20,000 shares of PetIQ stock. The shares were sold at an average price of $29.11, for a total transaction of $582,200.00.

Shares of PETQ stock opened at $28.47 on Friday. PetIQ Inc has a 12-month low of $17.56 and a 12-month high of $43.93. The firm has a market capitalization of $857.58 million, a PE ratio of 22.78, a PEG ratio of 1.26 and a beta of 2.04. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.24 and a quick ratio of 1.80.

PetIQ (NASDAQ:PETQ) last announced its quarterly earnings results on Monday, March 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). PetIQ had a negative net margin of 0.15% and a positive return on equity of 8.53%. The firm had revenue of $111.02 million during the quarter, compared to analyst estimates of $98.72 million. Equities analysts expect that PetIQ Inc will post 0.87 EPS for the current fiscal year.

Several analysts have commented on the stock. BidaskClub upgraded shares of PetIQ from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. ValuEngine raised shares of PetIQ from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Raymond James decreased their price target on shares of PetIQ from $42.00 to $39.00 and set an “outperform” rating for the company in a report on Monday, March 4th. Jefferies Financial Group reissued a “buy” rating and issued a $39.00 price target on shares of PetIQ in a report on Tuesday, January 15th. Finally, Zacks Investment Research lowered shares of PetIQ from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. PetIQ has a consensus rating of “Buy” and a consensus price target of $43.40.

Several hedge funds have recently made changes to their positions in PETQ. Advisor Group Inc. raised its holdings in PetIQ by 43.5% in the 1st quarter. Advisor Group Inc. now owns 5,421 shares of the company’s stock valued at $170,000 after acquiring an additional 1,642 shares during the period. BlackRock Inc. raised its holdings in PetIQ by 5.2% in the 1st quarter. BlackRock Inc. now owns 1,413,505 shares of the company’s stock valued at $44,398,000 after acquiring an additional 69,831 shares during the period. Weik Capital Management bought a new position in PetIQ in the 1st quarter valued at about $220,000. Royce & Associates LP raised its holdings in PetIQ by 24.0% in the 1st quarter. Royce & Associates LP now owns 62,000 shares of the company’s stock valued at $1,947,000 after acquiring an additional 12,000 shares during the period. Finally, Manchester Capital Management LLC bought a new position in PetIQ in the 1st quarter valued at about $30,000. 85.58% of the stock is owned by institutional investors.

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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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