Everspin Tech (NASDAQ:MRAM) Shares Gap Up – Time to Buy?

Posted by Geri Gentry on Jun 15th, 2026

Everspin Tech (NASDAQ:MRAM – Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $24.41, but opened at $26.82. Everspin Tech shares last traded at $26.8780, with a volume of 613,749 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a research report on Friday, March 27th. Needham & Company LLC increased their target price 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. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Everspin Tech currently has an average rating of “Hold” and a consensus target price of $18.50.

Check Out Our Latest Analysis on MRAM

Everspin Tech Trading Up 16.5%

The company’s 50-day moving average price is $22.33 and its two-hundred day moving average price is $14.57. The company has a market cap of $666.92 million, a P/E ratio of 2,844.54 and a beta of 1.87.

Everspin Tech (NASDAQ:MRAM – Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Insider Activity at Everspin Tech

In other news, Director Glen Hawk sold 48,563 shares of the firm’s 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 directly owned 39,551 shares of the company’s stock, valued at $1,500,960.45. This trade represents a 55.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Geoffrey G. Ribar sold 27,488 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $28.87, for a total value of $793,578.56. Following the sale, the director directly owned 94,063 shares of the company’s stock, valued at approximately $2,715,598.81. This represents a 22.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 176,499 shares of company stock worth $5,032,220. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Everspin Tech

Several large investors have recently modified their holdings of MRAM. Herald Investment Management Ltd boosted its holdings in shares of Everspin Tech by 18.5% in the third quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider’s stock worth $7,416,000 after buying an additional 125,000 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Everspin Tech in the third quarter worth about $433,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Everspin Tech in the fourth quarter worth about $2,204,000. Renaissance Technologies LLC boosted its holdings in shares of Everspin Tech by 27.9% in the first quarter. Renaissance Technologies LLC now owns 334,367 shares of the business services provider’s stock worth $2,939,000 after buying an additional 73,000 shares during the period. Finally, State of Wyoming acquired a new position in shares of Everspin Tech in the first quarter worth about $189,000. 44.68% of the stock is owned by 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.