Integrity Alliance LLC. bought a new stake in shares of Everpure, Inc. (NYSE:P – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,818 shares of the company’s stock, valued at approximately $591,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Winnow Wealth LLC purchased a new position in Everpure during the third quarter valued at $26,000. Provenance Wealth Advisors LLC bought a new stake in Everpure during the third quarter valued at about $27,000. Sunbelt Securities Inc. lifted its position in shares of Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after acquiring an additional 244 shares in the last quarter. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Everpure in the third quarter valued at about $28,000. Finally, Assetmark Inc. lifted its position in shares of Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock valued at $29,000 after acquiring an additional 222 shares in the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.
Trending Headlines about Everpure
Here are the key news stories impacting Everpure this week:
- Positive Sentiment: Everpure reported Q1 earnings of $0.47 per share, ahead of the $0.40 consensus, with revenue of $1.05 billion also topping estimates and rising 35.2% year over year. Everpure (P) Tops Q1 Earnings and Revenue Estimates
- Positive Sentiment: Management said AI-led storage demand, enterprise wins, and subscription growth helped drive the quarter, reinforcing the growth story for Everpure’s data storage business. Everpure Q1 Earnings Beat on Strong AI-Led Storage Demand, Sales Jump Y/Y
- Positive Sentiment: Several analysts responded favorably after the report, including JPMorgan raising its price target to $92 and Needham reiterating a buy rating with a $100 target, suggesting Wall Street sees continued upside. Analyst rating updates
- Neutral Sentiment: The company’s full-year revenue guidance came in above expectations, but next-quarter revenue guidance disappointed, which helped explain the stock’s volatility after earnings. P Q1 Deep Dive: Supply Chain Dynamics and Pricing Power Shape Results and Guidance
- Negative Sentiment: Investors were also disappointed by weaker free cash flow and cautious near-term guidance, which triggered a sharp post-earnings pullback despite the beat. Everpure beats on revenue and earnings but free cash flow drop sends shares lower
Insiders Place Their Bets
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Citigroup downgraded Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a research report on Thursday, May 14th. Weiss Ratings assumed coverage on Everpure in a research report on Monday, April 20th. They issued a “hold (c)” rating on the stock. Wedbush boosted their price objective on Everpure from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday. Lake Street Capital boosted their price objective on Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Morgan Stanley boosted their price objective on Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a research report on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $96.32.
View Our Latest Stock Analysis on P
Everpure Trading Up 8.6%
NYSE:P opened at $79.31 on Friday. The stock has a market capitalization of $26.21 billion, a P/E ratio of 120.17, a PEG ratio of 5.38 and a beta of 1.44. Everpure, Inc. has a 12 month low of $50.20 and a 12 month high of $100.59.
Everpure (NYSE:P – Get Free Report) last posted its earnings results on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $997.88 million. During the same period in the previous year, the business earned $0.29 earnings per share. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. On average, equities research analysts anticipate that Everpure, Inc. will post 0.72 EPS for the current year.
About Everpure
Pure Storage, Inc provides data storage technologies, products, and services in the United States and internationally. The company’s Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array.
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