Timothy Lamothe Sells 2,478 Shares of Presurance (NASDAQ:PRHI) Stock

Presurance Holdings, Inc. (NASDAQ:PRHI) Director Timothy Lamothe sold 2,478 shares of Presurance stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $6.51, for a total value of $16,131.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Presurance Trading Down 2.8%

Shares of NASDAQ PRHI opened at $6.01 on Wednesday. The stock’s 50 day moving average price is $5.51 and its two-hundred day moving average price is $5.10. Presurance Holdings, Inc. has a 52-week low of $3.36 and a 52-week high of $19.81. The stock has a market capitalization of $22.54 million, a P/E ratio of -0.59 and a beta of 0.98. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.44.

Presurance (NASDAQ:PRHI) last issued its earnings results on Wednesday, August 12th. The company reported $0.35 EPS for the quarter. Presurance had a negative return on equity of 89.12% and a negative net margin of 49.56%.The company had revenue of $9.14 million during the quarter.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PRHI shares. UBS Group set a $7.00 target price on shares of Presurance in a research note on Thursday, May 28th. Weiss Ratings downgraded shares of Presurance from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Presurance has a consensus rating of “Sell” and an average target price of $7.00.

Presurance Company Profile

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, including companies that provide security guard services, security alarm products and services, and private investigative services.