Benchmark Reiterates Buy Rating on PRE
Benchmark analyst Bill Sutherland maintains a buy rating on PRE with a $30 price target.
Key Points
- On June 16, 2026, Benchmark's Bill Sutherland reiterated a buy rating on PRE with a $30 price target.
- PRE shares are trading at $20.75, with notable insider trading activity reported on June 15, 2026.
- Institutional investors like Goldman Sachs and Millennium Management significantly increased their holdings in PRE.
On June 16, 2026, Benchmark analyst Bill Sutherland reiterated his buy rating on PRE, setting a price target of $30. This move reflects continued confidence in the company's prospects, with the stock currently trading at $20.75.
Other Institutional Activity in PRE
Goldman Sachs Group Inc significantly boosted its holdings in PRE by 151,338 shares, bringing its total to 193,583 shares worth about $3.74 million. Millennium Management LLC also increased its position by 141,168 shares, ending with 192,600 shares valued at approximately $3.72 million. Meanwhile, Wells Fargo & Company/MN added 81,806 shares, now holding 84,806 shares valued at $1.64 million. Tenzing Global Management, LLC acquired 200,000 shares, bringing its holdings to the same amount, valued at $3.86 million.
Insider Buying and Selling at PRE
On June 15, 2026, insider transactions included David Vanderveen purchasing 6,944 shares and selling 8,681 shares, while Cheng Yin Pan bought 15,873 shares and sold the same amount on the same day. Earlier, on May 26, 2026, Cheng Yin Pan also acquired 6,406 shares. Additionally, on May 19, 2026, Lo Hoi Chun, the Chief Financial Officer, bought 91,629 shares.
Analysts Set New Price Targets
Benchmark's Bill Sutherland reiterated his buy rating on PRE with a $30 price target on June 16, 2026. Previously, on March 16, 2026, Lake Street initiated coverage with a buy rating and a $29 target. Cantor Fitzgerald maintained a buy rating with a $32 target on October 29, 2025.
About PRE
PRE operates in the [industry/sector not specified in data], focusing on [specific operations not detailed]. The company is headquartered in [location not provided], and [CEO information not available]. PRE continues to engage in [general operations or strategy].
Bottom Line
Benchmark's reiterated buy rating with a $30 target suggests confidence in PRE's potential. Investors closely watch such ratings for insights into market sentiment. Institutional and insider activities provide additional context on stakeholder actions, though 13F filings and insider reports are backward-looking and may not reflect current positions.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.