PetIQ Inc (NASDAQ:PETQ) CFO Acquires $980,320.00 in Stock

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PetIQ Inc (NASDAQ:PETQ) CFO John Newland acquired 44,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average price of $22.28 per share, with a total value of $980,320.00. Following the transaction, the chief financial officer now owns 44,000 shares of the company’s stock, valued at $980,320. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of PetIQ stock traded up $1.75 during trading on Wednesday, reaching $24.16. 28,053 shares of the stock traded hands, compared to its average volume of 424,777. The company has a market capitalization of $655.32 million, a price-to-earnings ratio of 19.13, a P/E/G ratio of 0.87 and a beta of 2.01. The business has a fifty day simple moving average of $25.78 and a two-hundred day simple moving average of $29.53. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.97 and a quick ratio of 1.66. PetIQ Inc has a 52-week low of $21.28 and a 52-week high of $36.33.

A number of brokerages have recently weighed in on PETQ. Zacks Investment Research lowered PetIQ from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub lowered PetIQ from a “hold” rating to a “sell” rating in a research report on Saturday, September 7th. Finally, ValuEngine lowered PetIQ from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $37.25.

Institutional investors have recently modified their holdings of the company. Intrinsic Edge Capital Management LLC acquired a new stake in shares of PetIQ in the second quarter valued at about $12,569,000. Gabelli Funds LLC grew its position in shares of PetIQ by 12.4% during the 3rd quarter. Gabelli Funds LLC now owns 313,500 shares of the company’s stock worth $8,546,000 after buying an additional 34,500 shares during the period. Swiss National Bank acquired a new position in shares of PetIQ during the 2nd quarter worth about $1,144,000. Coatue Management LLC acquired a new position in shares of PetIQ during the 2nd quarter worth about $1,501,000. Finally, Peregrine Capital Management LLC grew its position in shares of PetIQ by 3.4% during the 3rd quarter. Peregrine Capital Management LLC now owns 668,462 shares of the company’s stock worth $18,222,000 after buying an additional 22,039 shares during the period. Hedge funds and other institutional investors own 86.82% of the company’s stock.

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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