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Silvercape Investments Ltd, a ten-percent owner of Petmed Express Inc NASDAQ:PETS, recently purchased 101,000 shares of the company’s common stock. The transaction, which occurred on August 13, 2025, involved the acquisition of shares at a price of $3.17, totaling $320170. According to InvestingPro data, this purchase comes as PETS trades near its 52-week low of $2.81, with the stock down over 33% year-to-date. The company, currently valued at $66.21 million, appears undervalued based on InvestingPro’s Fair Value analysis.
Following this transaction, Silvercape Investments Ltd directly owns 2,579,696 shares of Petmed Express Inc. InvestingPro analysis reveals the company holds more cash than debt and maintains strong liquidity, with current assets exceeding short-term obligations. Discover 8 additional key insights about PETS and access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, PetMed Express has experienced significant organizational changes and financial challenges. The company announced the resignation of its Chief Executive Officer Sandra Campos and Chief Financial Officer Robyn D’Elia. In response, Board Chair Leslie C.G. Campbell has taken over as Interim CEO, and Chief Accounting Officer Douglas Krulik is serving as Interim Principal Financial Officer. Additionally, PetMed Express has encountered difficulties with its financial reporting, receiving a non-compliance notice from Nasdaq for failing to timely file its annual report for the fiscal year ended March 31, 2025.
The company has until September 1 to submit a compliance plan to Nasdaq. This delay is linked to an ongoing whistleblower investigation concerning revenue recognition practices and other internal matters. Furthermore, PetMed Express reported a preliminary decline in fourth-quarter sales, estimating revenues between $51.1 million and $53.1 million, a decrease from $66.5 million in the same period last year. The company also anticipates a quarterly net loss between $9.9 million and $10.4 million, compared to a $5.0 million loss in the previous year.
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