Somewhat Positive News Coverage Somewhat Unlikely to Affect Primo Water (PRMW) Stock Price

News coverage about Primo Water (NASDAQ:PRMW) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Primo Water earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 47.0455995102063 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Primo Water (NASDAQ PRMW) opened at $12.01 on Thursday. Primo Water has a 1 year low of $10.47 and a 1 year high of $15.39. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 3.99.

A number of equities analysts have issued reports on PRMW shares. Zacks Investment Research upgraded Primo Water from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Friday, November 10th. B. Riley reiterated a “buy” rating and set a $17.50 price target on shares of Primo Water in a research report on Wednesday, November 8th. ValuEngine upgraded Primo Water from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. 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. Finally, BidaskClub downgraded Primo Water from a “hold” rating to a “sell” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.10.

In other news, CFO Mark Castaneda sold 6,200 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $13.45, for a total value of $83,390.00. Following the transaction, the chief financial officer now owns 236,113 shares in the company, valued at $3,175,719.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Malcolm Mcquilkin sold 16,062 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $11.66, for a total value of $187,282.92. Following the completion of the transaction, the director now owns 105,345 shares in the company, valued at approximately $1,228,322.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,831 shares of company stock worth $668,070. Company insiders own 15.80% of the company’s stock.

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About Primo Water

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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