Petmed Express (NASDAQ:PETS) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
Several other brokerages also recently commented on PETS. BidaskClub upgraded shares of Petmed Express from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 9th. Northcoast Research set a $58.00 price target on shares of Petmed Express and gave the company a “buy” rating in a report on Wednesday, January 3rd. Finally, Noble Financial reiterated a “hold” rating on shares of Petmed Express in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.80.
Shares of Petmed Express (PETS) opened at $45.23 on Friday. Petmed Express has a fifty-two week low of $19.21 and a fifty-two week high of $57.80. The firm has a market cap of $931.79, a PE ratio of 25.13, a PEG ratio of 2.69 and a beta of 0.95.
In other Petmed Express news, Director Gian Fulgoni sold 20,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $44.38, for a total value of $887,600.00. Following the transaction, the director now directly owns 55,900 shares in the company, valued at approximately $2,480,842. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald J. Korn sold 5,000 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $48.38, for a total transaction of $241,900.00. Following the completion of the transaction, the director now owns 68,833 shares in the company, valued at $3,330,140.54. The disclosure for this sale can be found here. Insiders have sold a total of 65,000 shares of company stock worth $3,229,500 over the last quarter. 4.00% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the business. Cardinal Capital Management grew its stake in Petmed Express by 11.6% in the 3rd quarter. Cardinal Capital Management now owns 12,553 shares of the company’s stock worth $416,000 after acquiring an additional 1,309 shares in the last quarter. Sterling Investment Advisors Ltd. grew its stake in Petmed Express by 118.5% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 2,950 shares of the company’s stock worth $134,000 after acquiring an additional 1,600 shares in the last quarter. New York State Common Retirement Fund grew its stake in Petmed Express by 8.2% in the 2nd quarter. New York State Common Retirement Fund now owns 22,400 shares of the company’s stock worth $909,000 after acquiring an additional 1,699 shares in the last quarter. Wells Fargo & Company MN grew its stake in Petmed Express by 1.4% in the 4th quarter. Wells Fargo & Company MN now owns 144,494 shares of the company’s stock worth $6,574,000 after acquiring an additional 2,039 shares in the last quarter. Finally, LS Investment Advisors LLC grew its stake in Petmed Express by 283.5% in the 4th quarter. LS Investment Advisors LLC now owns 2,861 shares of the company’s stock worth $130,000 after acquiring an additional 2,115 shares in the last quarter. Institutional investors and hedge funds own 92.01% of the company’s stock.
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About Petmed Express
PetMed Express, Inc (PetMed Express), doing business as 1800PetMeds, is a pet pharmacy. The Company markets prescription and non-prescription pet medications, and other health products for dogs and cats, direct to the consumer. It offers a selection of products for dogs and cats. Its product line contains approximately 3,000 stock keeping units (SKUS) of pet medications, health products and supplies.
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