Presurance (NASDAQ:PRHI) Director Sells $16,131.78 in Stock

Presurance Holdings, Inc. (NASDAQ:PRHI) Director Timothy Lamothe sold 2,478 shares of the company’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Presurance Stock Up 7.3%

Shares of NASDAQ:PRHI opened at $6.45 on Thursday. Presurance Holdings, Inc. has a 1-year low of $3.36 and a 1-year high of $19.81. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $24.19 million, a P/E ratio of -0.63 and a beta of 0.98. The firm has a fifty day moving average price of $5.54 and a 200 day moving average price of $5.11.

Presurance (NASDAQ:PRHI) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.35 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 for the quarter.

Wall Street Analysts Forecast Growth

PRHI has been the topic of several recent research reports. UBS Group set a $7.00 price target on Presurance in a research report on Thursday, May 28th. Weiss Ratings cut Presurance from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 28th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell” and an average target price of $7.00.

About Presurance

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.