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

Perimeter Solutions, SA (NYSE:PRM) has earned an average rating of “Buy” from the five analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $40.6667.

PRM has been the subject of a number of research reports. Zacks Research upgraded Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. CJS Securities initiated coverage on Perimeter Solutions in a report on Tuesday, June 9th. They set a “market outperform” rating and a $48.00 price objective on the stock. Morgan Stanley upped their target price on Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Weiss Ratings raised Perimeter Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. Finally, UBS Group increased their price target on Perimeter Solutions from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th.

Insider Buying and Selling at Perimeter Solutions

In related news, insider Jeffrey Emery sold 53,537 shares of Perimeter Solutions stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $33.45, for a total transaction of $1,790,812.65. Following the transaction, the insider directly owned 53,537 shares of the company’s stock, valued at $1,790,812.65. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Windacre Partnership Llc sold 1,875,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $33.90, for a total transaction of $63,562,500.00. Following the completion of the transaction, the insider directly owned 16,148,621 shares of the company’s stock, valued at $547,438,251.90. This trade represents a 10.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,385,514 shares of company stock valued at $217,464,393 in the last ninety days. 13.10% of the stock is owned by insiders.

Institutional Trading of Perimeter Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arax Advisory Partners grew its stake in Perimeter Solutions by 122.8% in the fourth quarter. Arax Advisory Partners now owns 1,047 shares of the company’s stock valued at $29,000 after purchasing an additional 577 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake 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 worth $31,000 after acquiring an additional 389 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Perimeter Solutions by 20.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,295 shares of the company’s stock worth $56,000 after acquiring an additional 383 shares in the last quarter. Larson Financial Group LLC lifted its position in Perimeter Solutions by 55.7% during the fourth quarter. Larson Financial Group LLC now owns 2,514 shares of the company’s stock valued at $69,000 after acquiring an additional 899 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in Perimeter Solutions by 56.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,918 shares of the company’s stock valued at $80,000 after acquiring an additional 1,051 shares during the last quarter. Institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Trading Up 1.2%

Shares of PRM opened at $33.83 on Friday. Perimeter Solutions has a 1-year low of $15.36 and a 1-year high of $38.17. The company has a 50-day moving average of $33.11 and a 200 day moving average of $28.63. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of -25.24 and a beta of 1.90. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.09 and a quick ratio of 1.61.

Perimeter Solutions (NYSE:PRM) last issued its earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $125.07 million for the quarter, compared to the consensus estimate of $121.80 million. Perimeter Solutions had a negative net margin of 26.93% and a positive return on equity of 18.29%. On average, research analysts expect that Perimeter Solutions will post 1.78 EPS for the current year.

About Perimeter Solutions

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.