PetIQ Inc (NASDAQ:PETQ) insider Will Santana sold 20,000 shares of PetIQ stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $28.16, for a total value of $563,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Tuesday, May 7th, Will Santana sold 20,000 shares of PetIQ stock. The stock was sold at an average price of $27.85, for a total value of $557,000.00.
  • On Wednesday, April 24th, Will Santana sold 20,000 shares of PetIQ stock. The stock was sold at an average price of $30.77, for a total value of $615,400.00.
  • On Thursday, April 11th, Will Santana sold 20,000 shares of PetIQ stock. The stock was sold at an average price of $31.06, for a total value of $621,200.00.
  • On Thursday, March 28th, Will Santana sold 20,000 shares of PetIQ stock. The stock was sold at an average price of $30.39, for a total value of $607,800.00.
  • On Thursday, March 7th, Will Santana sold 20,000 shares of PetIQ stock. The stock was sold at an average price of $25.63, for a total value of $512,600.00.
  • On Wednesday, February 27th, Will Santana sold 20,000 shares of PetIQ stock. The stock was sold at an average price of $30.54, for a total value of $610,800.00.

PETQ traded up $0.17 during trading hours on Friday, reaching $27.62. The company’s stock had a trading volume of 12,698 shares, compared to its average volume of 441,398. PetIQ Inc has a fifty-two week low of $19.01 and a fifty-two week high of $43.93. The stock has a market capitalization of $774.12 million, a PE ratio of 22.10, a P/E/G ratio of 1.49 and a beta of 2.04. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.51 and a current ratio of 2.89.

PetIQ (NASDAQ:PETQ) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.19. PetIQ had a return on equity of 9.47% and a net margin of 0.51%. The firm had revenue of $148.44 million for the quarter, compared to analysts’ expectations of $139.03 million. As a group, equities research analysts forecast that PetIQ Inc will post 0.8 earnings per share for the current fiscal year.

PETQ has been the topic of several recent research reports. BidaskClub cut PetIQ from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 9th. ValuEngine upgraded PetIQ from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Raymond James lowered their target price on PetIQ from $42.00 to $39.00 and set an “outperform” rating on the stock in a report on Monday, March 4th. Zacks Investment Research cut PetIQ from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 5th. Finally, Guggenheim initiated coverage on PetIQ in a report on Thursday. They set a “buy” rating and a $35.00 target price on the stock. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $40.71.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC raised its holdings in PetIQ by 26.4% during the first quarter. Advisory Services Network LLC now owns 20,200 shares of the company’s stock worth $634,000 after purchasing an additional 4,225 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in PetIQ by 778.9% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,780 shares of the company’s stock worth $275,000 after purchasing an additional 7,781 shares in the last quarter. Macquarie Group Ltd. raised its holdings in PetIQ by 10.3% during the first quarter. Macquarie Group Ltd. now owns 69,043 shares of the company’s stock worth $2,169,000 after purchasing an additional 6,456 shares in the last quarter. Voya Investment Management LLC raised its holdings in PetIQ by 35.9% during the first quarter. Voya Investment Management LLC now owns 368,973 shares of the company’s stock worth $11,590,000 after purchasing an additional 97,382 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in PetIQ by 13.8% during the first quarter. Geode Capital Management LLC now owns 199,561 shares of the company’s stock worth $6,268,000 after purchasing an additional 24,182 shares in the last quarter. Hedge funds and other institutional investors own 89.20% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “PetIQ Inc (PETQ) Insider Will Santana Sells 20,000 Shares” was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://theolympiareport.com/2019/05/24/petiq-inc-petq-insider-will-santana-sells-20000-shares.html.

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.

Read More: How accurate is the Rule of 72?

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

Receive News & Ratings for PetIQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PetIQ and related companies with MarketBeat.com's FREE daily email newsletter.