Andrew William Fraser Brown Sells 4,735 Shares of Everpure (NYSE:P) Stock

Everpure, Inc. (NYSE:PGet Free Report) Director Andrew William Fraser Brown sold 4,735 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $72.57, for a total transaction of $343,618.95. Following the completion of the sale, the director directly owned 27,683 shares of the company’s stock, valued at $2,008,955.31. The trade was a 14.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Everpure Stock Up 4.6%

Shares of Everpure stock traded up $3.16 during trading hours on Monday, hitting $72.32. 2,190,387 shares of the company were exchanged, compared to its average volume of 3,450,839. Everpure, Inc. has a 1 year low of $53.43 and a 1 year high of $100.59. The firm has a 50-day simple moving average of $76.44. The firm has a market capitalization of $24.04 billion, a PE ratio of 109.58, a price-to-earnings-growth ratio of 3.93 and a beta of 1.44.

Everpure (NYSE:PGet Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating 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 analyst estimates of $997.88 million. During the same quarter in the previous year, the company earned $0.29 EPS. The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year. On average, research analysts predict that Everpure, Inc. will post 0.91 EPS for the current year.

Institutional Investors Weigh In On Everpure

A number of institutional investors have recently bought and sold shares of P. Provenance Wealth Advisors LLC purchased a new position in shares of Everpure in the 3rd quarter worth about $27,000. Salomon & Ludwin LLC grew its holdings in shares of Everpure by 108.2% during the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after purchasing an additional 199 shares during the period. Foster Dykema Cabot & Partners LLC acquired a new stake in Everpure during the 3rd quarter worth approximately $28,000. Sunbelt Securities Inc. increased its position in Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after purchasing an additional 244 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its holdings in Everpure by 2,884.6% in the fourth quarter. Cornerstone Planning Group LLC now owns 388 shares of the company’s stock valued at $29,000 after buying an additional 375 shares during the period. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on P. Northland Securities set a $90.00 target price on shares of Everpure in a research report on Thursday, May 28th. JPMorgan Chase & Co. raised their price objective on shares of Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. William Blair restated an “outperform” rating on shares of Everpure in a research report on Thursday, May 28th. Citigroup lowered Everpure from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a research note on Thursday, May 14th. Finally, Guggenheim increased their target price on Everpure from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.32.

View Our Latest Stock Analysis on P

About Everpure

(Get Free Report)

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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