PetIQ (PETQ) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PetIQ in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PETQ shares.
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2 brokers have issued 1-year price targets for PetIQ's shares. Their PETQ share price forecasts range from $16.00 to $30.00. On average, they predict the company's stock price to reach $21.75 in the next year. This suggests a possible upside of 72.5% from the stock's current price.
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PetIQ's stock was trading at $9.22 at the start of the year. Since then, PETQ stock has increased by 36.8% and is now trading at $12.61.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
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PetIQ, Inc. (NASDAQ:PETQ) announced its earnings results on Tuesday, May, 9th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.13. The company earned $290.47 million during the quarter, compared to analysts' expectations of $278.69 million. PetIQ had a positive trailing twelve-month return on equity of 8.91% and a negative net margin of 4.45%.

ProShares Pet Care ETF holds 58,220 shares of PETQ stock, representing 0.67% of its portfolio.

PetIQ updated its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $270.00 million-$280.00 million, compared to the consensus revenue estimate of $272.51 million.

10 employees have rated PetIQ Chief Executive Officer Cord Christensen on Glassdoor.com. Cord Christensen has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other PetIQ investors own include Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Alibaba Group (BABA), Exelixis (EXEL), Intel (INTC), CVS Health (CVS), QUALCOMM (QCOM), Editas Medicine (EDIT) and Gilead Sciences (GILD).

(PETQ) raised $86 million in an IPO on Friday, July 21st 2017. The company issued 5,700,000 shares at a price of $14.00-$16.00 per share. Jefferies and William Blair acted as the underwriters for the IPO and Oppenheimer, Raymond James and SunTrust Robinson Humphrey were co-managers.

PetIQ trades on the NASDAQ under the ticker symbol "PETQ."

PetIQ's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.49%), Applied Fundamental Research LLC (5.42%), Aristotle Capital Boston LLC (4.29%), Boston Partners (3.85%), Nepsis Inc. (3.27%) and Brandywine Global Investment Management LLC (2.52%). Insiders that own company stock include Allan Hall, John Newland, Mark L First, Mccord Christensen, Michael A Smith, Michael A Smith, Robert Michael Herrman, Ronald Kennedy, Susan Sholtis, Will Santana and Zvi Glasman.
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Shares of PETQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PETQ stock can currently be purchased for approximately $12.61.

PetIQ (NASDAQ:PETQ) has a market capitalization of $370.48 million and generates $921.51 million in revenue each year. The company earns $-48,210,000.00 in net income (profit) each year or ($1.44) on an earnings per share basis.

The company employs 1,888 workers across the globe.

PetIQ's mailing address is 923 S. Bridgeway Pl., EAGLE ID, 83616. The official website for the company is www.petiq.com. The company can be reached via phone at (208) 939-8900 or via email at jeff.sonnek@icrinc.com.