Primo Brands Corp (NYSE:PRMB) shares traded -1.64% lower at $32.32 on Wall Street last session.
PRMB stock price is now -2.03% away from the 50-day moving average and 13.09% away from the 200-day moving average. The market capitalization of the company currently stands at $12.29B.
On April 04, 2025, Truist recently initiated its ‘Buy’ rating on the stock quoting a target price of $42, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, Lee Tony W, Director sold 51,750,000 shares of the company’s stock on Mar 12 ’25. The stock was sold for $1,526,625,000 at an average price of $29.50. Upon completion of the transaction, the Director now directly owns 166,868,368 shares in the company, valued at $5.39 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 12 ’25, 10% Owner ORCP III DE TopCo GP, LLC sold 51,750,000 shares of the business’s stock. A total of $1,526,625,000 was realized by selling the stock at an average price of $29.50. This leaves the insider owning 166,868,368 shares of the company worth $5.39 billion. A total of 44.99% of the company’s stock is owned by insiders.
During the past 12 months, Primo Brands Corp has had a low of $19.41 and a high of $35.85. As of last week, the company has a debt-to-equity ratio of 1.65, a current ratio of 1.08, and a quick ratio of 0.94.
The net profit margin was -3.11% and return on equity was -3.43% for PRMB. The company reported revenue of $3.7 billion for the quarter, compared to $3.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.06 percent.
