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

Presurance Holdings, Inc. (NASDAQ:PRHI) Director Timothy Lamothe sold 2,478 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $6.51, for a total transaction of $16,131.78. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Presurance Stock Down 8.3%

NASDAQ:PRHI opened at $6.18 on Tuesday. The firm’s 50-day moving average price is $5.48 and its 200-day moving average price is $5.09. The company has a market capitalization of $23.18 million, a PE ratio of -0.60 and a beta of 1.04. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.67 and a quick ratio of 0.67. Presurance Holdings, Inc. has a 1-year low of $3.36 and a 1-year high of $19.81.

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

Wall Street Analyst Weigh In

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