Primo Water (PRMW) Earning Favorable News Coverage, Study Finds

News coverage about Primo Water (NASDAQ:PRMW) has been trending positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Primo Water earned a media sentiment score of 0.32 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.2796483945778 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

Several equities research analysts have recently commented on the company. BidaskClub downgraded Primo Water from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Zacks Investment Research upgraded Primo Water from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Friday, November 10th. ValuEngine downgraded Primo Water from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Barrington Research boosted their price objective on Primo Water from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Finally, B. Riley restated a “buy” rating and set a $17.50 price objective on shares of Primo Water in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.10.

Shares of Primo Water (NASDAQ PRMW) opened at $12.72 on Friday. The company has a market capitalization of $381.86, a P/E ratio of -18.43, a PEG ratio of 3.87 and a beta of -0.32. Primo Water has a 1-year low of $10.47 and a 1-year high of $15.29. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 3.99.

In other news, CFO Mark Castaneda sold 30,569 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $13.00, for a total transaction of $397,397.00. Following the completion of the sale, the chief financial officer now owns 236,113 shares in the company, valued at $3,069,469. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Camden Partners Strategic Fund sold 58,383 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $12.35, for a total value of $721,030.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 130,295 shares of company stock valued at $1,636,440. Corporate 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).

Insider Buying and Selling by Quarter for Primo Water (NASDAQ:PRMW)

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