Perimeter Solutions, SA (NYSE:PRM) Given Average Rating of “Moderate Buy” by Analysts

Perimeter Solutions, SA (NYSE:PRM) has received a consensus rating of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $40.6667.

PRM has been the subject of a number of research analyst reports. CJS Securities assumed coverage on Perimeter Solutions in a research report on Tuesday. They set a “market outperform” rating and a $48.00 price target for the company. Zacks Research upgraded shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. UBS Group raised their target price on shares of Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of Perimeter Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings raised shares of Perimeter Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th.

Perimeter Solutions Price Performance

Shares of Perimeter Solutions stock traded up $0.49 during trading on Tuesday, hitting $31.57. The stock had a trading volume of 42,457 shares, compared to its average volume of 1,118,442. The company has a current ratio of 3.09, a quick ratio of 1.61 and a debt-to-equity ratio of 1.01. Perimeter Solutions has a 12 month low of $13.05 and a 12 month high of $34.89. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of -23.46 and a beta of 1.92. The business’s 50-day moving average is $29.36 and its 200 day moving average is $27.47.

Perimeter Solutions (NYSE:PRM) last posted its earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The business had revenue of $125.07 million during the quarter, compared to analysts’ expectations of $121.80 million. Perimeter Solutions had a positive return on equity of 18.29% and a negative net margin of 26.93%. As a group, sell-side analysts anticipate that Perimeter Solutions will post 1.91 earnings per share for the current year.

Insider Buying and Selling

In other Perimeter Solutions news, CFO Kyle Sable sold 150,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $31.52, for a total transaction of $4,728,000.00. Following the sale, the chief financial officer owned 20,000 shares in the company, valued at $630,400. This trade represents a 88.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey Emery sold 99,963 shares of Perimeter Solutions stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $32.92, for a total value of $3,290,781.96. Following the sale, the insider directly owned 46,500 shares of the company’s stock, valued at approximately $1,530,780. This trade represents a 68.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 679,535 shares of company stock worth $21,846,411. Corporate insiders own 13.10% of the company’s stock.

Institutional Trading of Perimeter Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new position in shares of Perimeter Solutions during the third quarter worth approximately $27,000. Arax Advisory Partners boosted its stake in shares of Perimeter Solutions by 122.8% in the 4th quarter. Arax Advisory Partners now owns 1,047 shares of the company’s stock valued at $29,000 after purchasing an additional 577 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Perimeter Solutions by 51.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the company’s stock valued at $31,000 after purchasing an additional 389 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of Perimeter Solutions during the 2nd quarter valued at $42,000. Finally, Comerica Bank raised its position in Perimeter Solutions by 45.0% in the 1st quarter. Comerica Bank now owns 4,267 shares of the company’s stock worth $43,000 after purchasing an additional 1,324 shares during the period. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Company Profile

Perimeter Solutions Ltd. (NYSE: PRM) is a global specialty chemicals company focused on delivering performance-driven solutions for the oil and gas, coatings, plastics, water treatment and packaging markets. Established as an independent publicly traded company in December 2019 following its spin-off from NewMarket Corporation, Perimeter Solutions has positioned itself as a leading provider of highly engineered chemical products designed to optimize upstream oil recovery, protect infrastructure and enhance the performance of industrial processes.

The company’s core product portfolio spans several key segments.