Everpure (NYSE:P – Get Free Report) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.
Other research analysts have also issued research reports about the company. Zacks Research lowered Everpure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Everpure in a research report on Thursday, May 28th. Wells Fargo & Company raised their price objective on Everpure from $90.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Northland Securities set a $90.00 price objective on shares of Everpure in a report on Thursday, May 28th. Finally, William Blair reiterated an “outperform” rating on shares of Everpure in a research note on Thursday, May 28th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.50.
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Everpure Trading Down 0.1%
Everpure (NYSE:P – Get Free Report) last posted its quarterly 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 business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $997.88 million. During the same period last year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. Equities analysts expect that Everpure will post 0.92 EPS for the current year.
Insiders Place Their Bets
In related news, Director Susan J.S. Taylor sold 8,543 shares of Everpure stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $81.74, for a total value of $698,304.82. Following the sale, the director directly owned 94,608 shares in the company, valued at $7,733,257.92. This trade represents a 8.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andrew William Fraser Brown sold 4,735 shares of the business’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 transaction, 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 disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 327,800 shares of company stock worth $25,819,007. 5.10% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. One Capital Management LLC increased its position in Everpure by 1.0% in the 3rd quarter. One Capital Management LLC now owns 14,750 shares of the company’s stock worth $1,236,000 after purchasing an additional 141 shares during the last quarter. Rothschild Investment LLC raised its stake in shares of Everpure by 18.1% during the 4th quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock worth $67,000 after purchasing an additional 152 shares in the last quarter. GraniteShares Advisors LLC lifted its holdings in shares of Everpure by 2.3% during the 4th quarter. GraniteShares Advisors LLC now owns 6,918 shares of the company’s stock valued at $464,000 after buying an additional 157 shares during the last quarter. Transamerica Financial Advisors LLC lifted its holdings in shares of Everpure by 50.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 508 shares of the company’s stock valued at $34,000 after buying an additional 170 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in shares of Everpure by 8.6% in the 3rd quarter. National Bank of Canada FI now owns 2,334 shares of the company’s stock valued at $196,000 after buying an additional 184 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.
Everpure Company Profile
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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