Stocks of Premier Inc (NASDAQ:PINC) traded higher last session on Wall Street, up 1.86% to $18.60.
PINC stock price is now -5.92% away from the 50-day moving average and -11.02% away from the 200-day moving average. The market capitalization of the company currently stands at $1.95B.
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With the price target reduced from $27 to $21, Canaccord Genuity Downgraded its rating from Buy to Hold for Premier Inc (NASDAQ: PINC). On February 26, 2024, Leerink Partners recently initiated its ‘Market Perform’ rating on the stock quoting a target price of $22.50, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Klatsky David L, General Counsel sold 13,339 shares of the company’s stock on Jun 10 ’24. The stock was sold for $247,438 at an average price of $18.55. Upon completion of the transaction, the General Counsel now directly owns 92,001 shares in the company, valued at $1.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 28 ’24, Chief Commercial Officer Brailo Andy sold 13,318 shares of the business’s stock. A total of $253,042 was realized by selling the stock at an average price of $19.00. This leaves the insider owning 98,427 shares of the company worth $1.83 million. A total of 1.09% of the company’s stock is owned by insiders.
During the past 12 months, Premier Inc has had a low of $17.95 and a high of $28.30. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 0.92, and a quick ratio of 0.81. The fifty day moving average price for PINC is $19.719 and a two-hundred day moving average price translates $20.8812 for the stock.
The latest earnings results from Premier Inc (NASDAQ: PINC) was released for 2024-03-31. The net profit margin was 6.01% and return on equity was 3.77% for PINC. The company reported revenue of $342.6 million for the quarter, compared to $322.23 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.32 percent.
