Headlines about Premier (NASDAQ:PINC) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Premier earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 47.0805356269239 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Premier (NASDAQ PINC) opened at 32.59 on Friday. The firm has a market cap of $1.73 billion, a P/E ratio of 21.58 and a beta of 0.47. The firm’s 50-day moving average is $33.52 and its 200 day moving average is $33.66. Premier has a 12-month low of $28.27 and a 12-month high of $36.50.
Premier (NASDAQ:PINC) last announced its earnings results on Monday, August 21st. The company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.02). Premier had a net margin of 0.66% and a negative return on equity of 16.27%. The business had revenue of $403.10 million for the quarter, compared to the consensus estimate of $400.45 million. During the same quarter last year, the firm posted $0.36 EPS. The business’s quarterly revenue was up 33.7% on a year-over-year basis. Equities analysts forecast that Premier will post $2.05 earnings per share for the current year.
PINC has been the topic of a number of research reports. Jefferies Group LLC reiterated a “buy” rating and set a $40.00 target price on shares of Premier in a research report on Wednesday, August 9th. Bank of America Corporation boosted their target price on shares of Premier from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. Zacks Investment Research upgraded shares of Premier from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Piper Jaffray Companies reiterated a “hold” rating on shares of Premier in a research report on Tuesday, August 22nd. Finally, UBS AG reiterated a “neutral” rating and set a $35.00 target price (up previously from $34.00) on shares of Premier in a research report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Premier currently has an average rating of “Hold” and an average price target of $38.43.
In other news, CEO Susan D. Devore sold 40,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $32.74, for a total transaction of $1,309,600.00. Following the sale, the chief executive officer now owns 466,427 shares in the company, valued at approximately $15,270,819.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Leigh Anderson sold 1,099 shares of Premier stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $35.29, for a total value of $38,783.71. Following the completion of the transaction, the senior vice president now directly owns 7,655 shares of the company’s stock, valued at approximately $270,144.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,113 shares of company stock worth $2,614,647. Company insiders own 17.14% of the company’s stock.
Premier Company Profile
Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,750 United States hospitals and more than 130,000 other provider organizations to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services.
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