Everspin Tech (NASDAQ:MRAM) Shares Gap Up – What’s Next?

Posted by Geri Gentry on May 23rd, 2026

Everspin Tech (NASDAQ:MRAM – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $28.94, but opened at $30.63. Everspin Tech shares last traded at $32.0940, with a volume of 976,175 shares.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MRAM. Needham & Company LLC lifted their price objective on shares of Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. Wall Street Zen cut shares of Everspin Tech from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.50.

View Our Latest Report on MRAM

Everspin Tech Price Performance

The stock has a market cap of $789.80 million, a P/E ratio of 3,371.37 and a beta of 1.75. The firm’s 50-day moving average price is $16.76 and its 200-day moving average price is $12.55.

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

Insider Buying and Selling

In related news, Director Glen Hawk sold 48,563 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $37.95, for a total value of $1,842,965.85. Following the sale, the director owned 39,551 shares in the company, valued at approximately $1,500,960.45. The trade was a 55.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO William Earl Cooper sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $29.13, for a total transaction of $291,300.00. Following the completion of the sale, the chief financial officer owned 151,030 shares in the company, valued at $4,399,503.90. This represents a 6.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 176,499 shares of company stock valued at $5,032,220 in the last three months. Corporate insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MRAM. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Everspin Tech during the fourth quarter valued at $2,204,000. Bank of America Corp DE boosted its stake in shares of Everspin Tech by 783.4% during the first quarter. Bank of America Corp DE now owns 219,460 shares of the business services provider’s stock valued at $1,929,000 after purchasing an additional 194,617 shares during the period. Jane Street Group LLC boosted its stake in shares of Everspin Tech by 265.0% during the fourth quarter. Jane Street Group LLC now owns 183,966 shares of the business services provider’s stock valued at $1,707,000 after purchasing an additional 133,560 shares during the period. Herald Investment Management Ltd boosted its stake in shares of Everspin Tech by 18.5% during the third quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider’s stock valued at $7,416,000 after purchasing an additional 125,000 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Everspin Tech during the second quarter valued at $716,000. 44.68% of the stock is owned by hedge funds and other institutional investors.

Everspin Tech Company Profile

(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.