EU and US could reach trade deal this weekend - Reuters
Nina Capital Holdings Inc., a significant stakeholder in PetMed Express Inc. (NASDAQ:PETS), has recently acquired 25,000 shares of the company’s common stock. The company, currently valued at $101.52 million, is trading below its InvestingPro Fair Value, suggesting potential upside opportunity. The purchase, made on February 3, 2025, was executed at an average price of $4.82 per share, amounting to a total transaction value of $120,500. This acquisition increases Nina Capital Holdings’ stake in PetMed Express to 2,250,000 shares, which includes shares held jointly by Moises Tache Galante and Stephannie Matz Zyman. The stock has shown strong momentum, delivering a 33.79% return over the past six months. Discover more insights and 10+ additional ProTips with an InvestingPro subscription.
In other recent news, PetMed Express has been making strategic moves to protect shareholder interests and navigate financial challenges. The company’s Board of Directors recently implemented a limited duration shareholder rights plan. This plan is designed to safeguard the long-term value of shareholder investments by preventing any entity from gaining disproportionate control without offering a fair premium to all shareholders. The plan is set to expire on December 2, 2025, unless terminated earlier.
Additionally, PetMed Express reported a net income increase to $2.3 million in its second quarter of 2025, despite a 16% drop in sales to $60 million. The company also welcomed approximately 77,000 new customers during this period. Operational improvements have led to a better customer service experience, with future plans including heightened marketing efforts for customer acquisition and the launch of a new content site. These are recent developments that highlight the company’s resilience and strategic focus amid financial challenges.
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