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PetMed Express Inc. (NASDAQ:PETS) recently witnessed a significant stock purchase by Nina Capital Holdings Inc., a ten percent owner. According to a Form 4 filing with the Securities and Exchange Commission, Nina Capital Holdings acquired 25,000 shares of PetMed Express common stock on January 7, 2025. The shares were bought at a weighted average price of $4.975, with the total value of the transaction amounting to $124,374. According to InvestingPro data, the company, currently valued at $98.4 million, is trading slightly below its Fair Value, with strong liquidity indicators showing cash exceeding debt on its balance sheet.
The shares were purchased in multiple transactions at prices ranging from $4.9538 to $4.9963. Want deeper insights into PETS's valuation and future prospects? InvestingPro subscribers have access to 12 additional ProTips and comprehensive financial analysis, including detailed Fair Value calculations and growth projections. Following this acquisition, Nina Capital Holdings now holds a total of 2,175,000 shares, which includes shares held jointly by Moises Tache Galante and his spouse, Stephannie Matz Zyman.
In other recent news, PetMed Express, a leading pet pharmacy, has adopted a shareholder rights plan to safeguard the interests of all shareholders and deter any control moves. This comes as the company's board views the stock as undervalued, not reflecting the true value of the business or its future growth prospects. The plan, which is similar to those adopted by other publicly-held companies, is designed to prevent any entity from gaining disproportionate control without offering a fair premium to all shareholders.
In addition to this, PetMed Express has reported growth amid challenges in its Q2 2025 earnings call. Despite a 16% drop in sales to $60 million, the company demonstrated resilience with a net income increase to $2.3 million, or $0.11 per diluted share. The company also reported the acquisition of approximately 77,000 new customers, attributed to operational improvements that have enhanced the customer service experience.
Looking forward, PetMed Express has strategic plans for a significant marketing push during the holiday season, aimed at further boosting customer acquisition. The company is also preparing to launch a new content site as part of its efforts to become a leader in consumer pet healthcare. These recent developments indicate a commitment to navigating the current market landscape and fostering long-term growth.
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