Insider Buying: PetIQ Inc (PETQ) Director Purchases 31,031 Shares of Stock

PetIQ Inc (NASDAQ:PETQ) Director James Nathan Clarke bought 31,031 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was acquired at an average cost of $28.12 per share, for a total transaction of $872,591.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PETQ traded up $0.45 on Friday, hitting $28.60. The company had a trading volume of 701,647 shares, compared to its average volume of 692,784. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.89 and a quick ratio of 1.51. PetIQ Inc has a 52-week low of $17.56 and a 52-week high of $43.93. The firm has a market capitalization of $827.71 million, a PE ratio of 22.88, a price-to-earnings-growth ratio of 1.35 and a beta of 2.04.

PetIQ (NASDAQ:PETQ) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.19. PetIQ had a net margin of 0.51% and a return on equity of 9.47%. The business had revenue of $148.44 million during the quarter, compared to analyst estimates of $139.03 million. Analysts expect that PetIQ Inc will post 0.87 EPS for the current fiscal year.



A number of institutional investors and hedge funds have recently modified their holdings of the business. Citigroup Inc. lifted its holdings in PetIQ by 43.5% in the fourth quarter. Citigroup Inc. now owns 1,827 shares of the company’s stock worth $43,000 after buying an additional 554 shares during the period. Campbell Newman Asset Management Inc. lifted its holdings in shares of PetIQ by 3.8% during the first quarter. Campbell Newman Asset Management Inc. now owns 18,080 shares of the company’s stock valued at $568,000 after purchasing an additional 658 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of PetIQ by 42.6% during the fourth quarter. Legal & General Group Plc now owns 2,451 shares of the company’s stock valued at $58,000 after purchasing an additional 732 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of PetIQ by 4.5% during the fourth quarter. Brown Advisory Inc. now owns 16,970 shares of the company’s stock valued at $399,000 after purchasing an additional 733 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of PetIQ by 7.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 11,466 shares of the company’s stock valued at $269,000 after purchasing an additional 844 shares during the last quarter. Institutional investors and hedge funds own 86.40% of the company’s stock.

Several analysts recently issued reports on PETQ shares. Raymond James cut their target price on PetIQ from $42.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, March 4th. ValuEngine cut PetIQ from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. BidaskClub lowered shares of PetIQ from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 9th. Finally, Zacks Investment Research lowered shares of PetIQ from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 5th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. PetIQ presently has a consensus rating of “Buy” and a consensus price target of $41.67.

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PetIQ Company Profile

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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