New insider activity at Primoris Services ( (PRIM) ) has taken place on September 16, 2025.
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COO Jeremy Kinch has recently sold 3,006 shares of Primoris Services stock, amounting to a total value of $372,744.
Recent Updates on PRIM stock
In the last 24 hours, Primoris Services has seen several price target adjustments from various analysts. Mizuho initiated coverage with a Neutral rating, citing the company’s potential benefit from a grid and electrification super-cycle, driven by growth in data centers, grid modernization, and clean energy. KeyBanc raised its price target, reflecting confidence in the company’s growth prospects in segments like gas generation, renewables, and power delivery, following meetings with Primoris’ management. Guggenheim also increased its target after updating its model based on Primoris’ strong Q2 results. These developments highlight a positive outlook on Primoris’ future performance, despite the lack of immediate share catalysts.
Spark’s Take on PRIM Stock
According to Spark, TipRanks’ AI Analyst, PRIM is a Outperform.
Primoris Services is on a strong growth trajectory with robust financial performance and positive earnings guidance. While technical indicators suggest potential overbought conditions, the company’s solid backlog and improved financial metrics support a positive outlook. Valuation remains a concern with a relatively high P/E ratio.
To see Spark’s full report on PRIM stock, click here.
More about Primoris Services
YTD Price Performance: 62.10%
Average Trading Volume: 904,113
Technical Sentiment Signal: Buy
Current Market Cap: $6.67B