Insider Buying: Prenetics Global (NASDAQ:PRE) CFO Buys $381,420.00 in Stock

Prenetics Global Limited (NASDAQ:PRE) CFO Brian Rosin acquired 18,000 shares of the stock in a transaction on Monday, August 24th. The stock was bought at an average price of $21.19 per share, with a total value of $381,420.00. Following the transaction, the chief financial officer directly owned 18,000 shares of the company’s stock, valued at approximately $381,420. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Prenetics Global Stock Performance

NASDAQ:PRE opened at $25.76 on Friday. Prenetics Global Limited has a fifty-two week low of $7.41 and a fifty-two week high of $26.50. The firm has a market cap of $434.57 million, a PE ratio of -6.19 and a beta of 0.26. The business has a 50 day moving average price of $19.46 and a 200-day moving average price of $19.08.

Prenetics Global (NASDAQ:PRE) last issued its earnings results on Wednesday, August 19th. The company reported ($0.53) EPS for the quarter, topping the consensus estimate of ($0.84) by $0.31. The company had revenue of $46.49 million for the quarter, compared to the consensus estimate of $49.85 million. Prenetics Global had a negative net margin of 47.43% and a negative return on equity of 21.41%. Research analysts predict that Prenetics Global Limited will post -1.86 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. 683 Capital Management LLC purchased a new position in shares of Prenetics Global in the 4th quarter valued at approximately $1,181,000. T3 Companies LLC purchased a new stake in Prenetics Global in the fourth quarter worth $170,000. Kingsview Wealth Management LLC purchased a new stake in Prenetics Global in the fourth quarter worth $172,000. Renaissance Technologies LLC raised its holdings in Prenetics Global by 85.1% in the first quarter. Renaissance Technologies LLC now owns 31,322 shares of the company’s stock worth $605,000 after purchasing an additional 14,400 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new position in Prenetics Global during the fourth quarter valued at $241,000. Institutional investors own 25.01% of the company’s stock.

Wall Street Analyst Weigh In

PRE has been the subject of a number of analyst reports. B. Riley Financial began coverage on shares of Prenetics Global in a report on Thursday. They set a “buy” rating and a $37.00 target price for the company. Wall Street Zen raised Prenetics Global from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Benchmark increased their price objective on Prenetics Global from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Prenetics Global in a research report on Friday, July 17th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.80.

Prenetics Global Company Profile

Prenetics Global (NASDAQ: PRE) is a molecular diagnostics and genetic testing company that delivers a broad range of laboratory and at-home testing solutions. The company’s core offerings include next-generation sequencing (NGS) panels for hereditary health risks, pharmacogenomic reports to guide medication choices, and comprehensive consumer DNA testing services. In addition to genetic insights, Prenetics provides infectious disease diagnostics—most notably real-time PCR testing for pathogens such as SARS-CoV-2—through an integrated platform that combines sample collection, laboratory processing and digital reporting.

Serving both business-to-consumer and business-to-business markets, Prenetics operates a network of laboratories and service centers across Asia Pacific, Europe, the Middle East and North America.