Presurance (NASDAQ:PRHI) Posts Quarterly Earnings Results

Presurance (NASDAQ:PRHI) announced its quarterly earnings data on Wednesday. The company reported $0.35 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $9.14 million for the quarter. Presurance had a negative net margin of 49.56% and a negative return on equity of 98.03%.

Presurance Stock Performance

NASDAQ PRHI traded up $0.88 on Friday, reaching $6.24. 31,151 shares of the company’s stock traded hands, compared to its average volume of 12,932. The stock has a 50 day moving average price of $5.08 and a 200-day moving average price of $4.94. The firm has a market cap of $23.40 million, a price-to-earnings ratio of -0.59 and a beta of 1.05. Presurance has a fifty-two week low of $3.36 and a fifty-two week high of $19.81. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73.

Analysts Set New Price Targets

Several research firms have weighed in on PRHI. UBS Group set a $7.00 price target on Presurance in a research note on Thursday, May 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Presurance in a research note on Friday, July 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell” and a consensus target price of $7.00.

Presurance Company Profile

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.