Everspin Tech (NASDAQ:MRAM) Shares Gap Down – Here’s What Happened

Posted by Geri Gentry on May 19th, 2026

Everspin Tech (NASDAQ:MRAM – Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $33.35, but opened at $31.00. Everspin Tech shares last traded at $30.1640, with a volume of 1,565,333 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wall Street Zen downgraded Everspin Tech from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Everspin Tech in a research report on Friday, March 27th. Finally, Needham & Company LLC raised their price objective on Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Everspin Tech currently has an average rating of “Hold” and an average target price of $18.50.

Get Our Latest Stock Analysis on MRAM

Everspin Tech Price Performance

The business has a fifty day moving average price of $14.95 and a two-hundred day moving average price of $11.97. The firm has a market capitalization of $749.70 million, a price-to-earnings ratio of 3,198.10 and a beta of 1.75.

Everspin Tech (NASDAQ:MRAM – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $0.11 earnings per share for the quarter. The business had revenue of $14.87 million for the quarter, compared to analyst estimates of $14.60 million. Everspin Tech had a return on equity of 4.78% and a net margin of 0.50%.Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Insider Buying and Selling at Everspin Tech

In other news, CFO William Earl Cooper sold 11,000 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $21.75, for a total value of $239,250.00. Following the sale, the chief financial officer owned 161,030 shares in the company, valued at $3,502,402.50. This represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Glen Hawk sold 48,563 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $37.95, for a total transaction of $1,842,965.85. Following the completion of the sale, the director owned 39,551 shares in the company, valued at $1,500,960.45. The trade was a 55.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 139,011 shares of company stock worth $3,947,342 over the last ninety days. 6.30% of the stock is owned by insiders.

Institutional Trading of Everspin Tech

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in Everspin Tech during the second quarter worth about $25,000. Kestra Advisory Services LLC acquired a new stake in Everspin Tech during the fourth quarter worth about $41,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Everspin Tech during the third quarter worth about $82,000. Algert Global LLC acquired a new stake in Everspin Tech during the third quarter worth about $102,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in Everspin Tech during the second quarter worth about $70,000. 44.68% of the stock is owned by institutional investors and hedge funds.

About Everspin Tech

(Get Free Report)

Everspin Technologies, Inc (NASDAQ: MRAM) is a semiconductor company specializing in the design, development and marketing of magnetoresistive random access memory (MRAM) solutions. Established in 2008 as a spin-out from Freescale Semiconductor, the company pioneered commercial MRAM products and continues to advance the technology through successive generations, including Toggle MRAM and spin-transfer torque (STT) MRAM. Everspin’s non-volatile memory devices offer a unique combination of performance, endurance and data retention for a variety of applications.

The company’s product portfolio includes discrete MRAM chips, embedded MRAM IP for integration into system-on-chip (SoC) designs and companion devices that leverage MRAM’s fast write speeds and low power consumption.