Everspin Tech (NASDAQ:MRAM) Coverage Initiated by Analysts at Maxim Group

Posted by Geri Gentry on Oct 13th, 2026

Maxim Group initiated coverage on shares of Everspin Tech (NASDAQ:MRAM – Free Report) in a research report sent to investors on Monday, MarketBeat Ratings reports. The firm issued a buy rating and a $25.00 target price on the business services provider’s stock.

Several other research firms have also recently issued reports on MRAM. Weiss Ratings cut Everspin Tech from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 25th. Needham & Company LLC lifted their price objective on Everspin Tech from $18.50 to $19.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $22.00.

View Our Latest Stock Analysis on MRAM

Everspin Tech Stock Performance

MRAM stock opened at $15.28 on Monday. The stock has a market capitalization of $372.07 million, a P/E ratio of -138.90 and a beta of 1.88. Everspin Tech has a one year low of $7.35 and a one year high of $51.50. The company has a 50 day moving average price of $16.89 and a two-hundred day moving average price of $19.05.

Insider Buying and Selling

In other Everspin Tech news, CEO Sanjeev Aggarwal sold 19,572 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $19.08, for a total transaction of $373,433.76. Following the transaction, the chief executive officer owned 813,627 shares of the company’s stock, valued at $15,524,003.16. This trade represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Sean Michael Dougherty sold 7,691 shares of Everspin Tech stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $19.08, for a total transaction of $146,744.28. Following the completion of the transaction, the vice president owned 100,028 shares in the company, valued at approximately $1,908,534.24. This trade represents a 7.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 30,378 shares of company stock valued at $579,612. Insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Everspin Tech

Several institutional investors and hedge funds have recently added to or reduced their stakes in MRAM. Dimensional Fund Advisors LP grew its holdings in shares of Everspin Tech by 13.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 409,010 shares of the business services provider’s stock worth $3,594,000 after purchasing an additional 46,929 shares during the period. Renaissance Technologies LLC boosted its position in Everspin Tech by 27.9% during the 1st quarter. Renaissance Technologies LLC now owns 334,367 shares of the business services provider’s stock worth $2,939,000 after purchasing an additional 73,000 shares during the period. Bank of America Corp DE boosted its position in Everspin Tech by 783.4% during the 1st quarter. Bank of America Corp DE now owns 219,460 shares of the business services provider’s stock worth $1,929,000 after purchasing an additional 194,617 shares during the period. 683 Capital Management LLC acquired a new stake in Everspin Tech in the 4th quarter valued at $1,020,000. Finally, Sei Investments Co. increased its holdings in Everspin Tech by 25.7% in the 1st quarter. Sei Investments Co. now owns 66,202 shares of the business services provider’s stock valued at $582,000 after purchasing an additional 13,516 shares in the last quarter. 44.68% of the stock is currently owned by institutional investors and hedge funds.

Everspin Tech Company Profile

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Everspin Technologies, Inc develops and supplies magnetic random-access memory (MRAM) products for applications that require persistent data storage, fast access, high endurance and reliable operation. Unlike conventional volatile memory, MRAM retains data when power is removed, making it suitable for systems that need rapid recovery and data protection.

The company’s product portfolio includes parallel and serial-peripheral-interface (SPI) MRAM, Toggle MRAM and spin-transfer torque (STT-MRAM) products.