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Silvercape Investments Ltd, a ten percent owner of Petmed Express Inc (NASDAQ:PETS), acquired 118,200 shares of the company’s common stock on August 1, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were purchased at a price of $3.21, totaling $379,422. The purchase comes as PETS stock has declined 34% over the past six months, with the current market capitalization standing at $67 million.
Following the transaction, Silvercape Investments Ltd. directly owns 2,478,696 shares of Petmed Express Inc. According to InvestingPro analysis, PETS currently appears undervalued, with strong financial health indicators including more cash than debt and liquid assets exceeding short-term obligations. Discover 10 additional exclusive ProTips and comprehensive analysis in the Pro Research Report.
In other recent news, PetMed Express , Inc. has announced a delay in filing its annual report for the fiscal year ended March 31, 2025, due to an ongoing investigation by its Audit Committee. This investigation was initiated following anonymous whistleblower reports concerning the company’s revenue recognition practices and other internal matters. Preliminary fourth-quarter results indicate a notable decline in sales, with estimates ranging between $51.1 million and $53.1 million, down from $66.5 million in the same period last year. The company also projects a quarterly net loss between $9.9 million and $10.4 million, compared to a $5.0 million loss in the prior year quarter. Additionally, PetMeds has received a non-compliance notice from Nasdaq for failing to timely file its annual report, with a deadline to submit a compliance plan by September 1. On a positive note, PetMed Express has entered into a strategic partnership with Dutch, a virtual veterinary care provider, to enhance pet healthcare accessibility. This collaboration will integrate Dutch’s telemedicine services with PetMeds’ medication offerings, addressing a critical veterinary shortage. Pet parents can now access Dutch’s platform for virtual care, including 24/7 appointments with veterinarians and prescription services.
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