Press coverage about Primo Water (NASDAQ:PRMW) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Primo Water earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.2402676660367 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
Several equities analysts have commented on the company. BidaskClub downgraded Primo Water from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Barrington Research increased their price target on Primo Water from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Zacks Investment Research downgraded Primo Water from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. ValuEngine cut Primo Water from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, B. Riley restated a “buy” rating and set a $17.50 price objective on shares of Primo Water in a research note on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Primo Water has a consensus rating of “Hold” and a consensus price target of $17.10.
Primo Water (NASDAQ PRMW) traded up $0.02 during trading on Wednesday, reaching $12.27. The company’s stock had a trading volume of 97,623 shares, compared to its average volume of 197,081. Primo Water has a 52 week low of $10.47 and a 52 week high of $15.29. The stock has a market capitalization of $368.28, a PE ratio of -17.78, a PEG ratio of 3.87 and a beta of -0.32. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.82 and a current ratio of 0.99.
In related news, insider Camden Partners Strategic Fund sold 58,383 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $12.35, for a total transaction of $721,030.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Mark Castaneda sold 6,200 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $13.45, for a total value of $83,390.00. Following the completion of the sale, the chief financial officer now directly owns 236,113 shares in the company, valued at $3,175,719.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 130,295 shares of company stock valued at $1,636,440. Company insiders own 15.80% of the company’s stock.
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Primo Water Company Profile
Primo Water Corporation (Primo) provides multi-gallon purified bottled water, self-service refill water and water dispensers. The Company’s products are sold through various retailers in the United States and Canada. It operates through two segments: Primo Water (Water) and Primo Dispensers (Dispensers).
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