Everpure (NYSE:P – Get Free Report) had its price objective boosted by analysts at Needham & Company LLC from $100.00 to $140.00 in a report issued on Thursday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price objective suggests a potential upside of 29.14% from the stock’s previous close.
Several other analysts have also recently commented on P. TD Cowen raised their target price on Everpure from $100.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. William Blair reiterated an “outperform” rating on shares of Everpure in a research report on Thursday, May 28th. Wedbush raised their price objective on shares of Everpure from $105.00 to $127.00 and gave the company an “outperform” rating in a research note on Friday, August 21st. DA Davidson set a $100.00 price target on Everpure in a research report on Wednesday, July 1st. Finally, Lake Street Capital upped their price objective on Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Sixteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.30.
Everpure Trading Up 5.4%
Everpure (NYSE:P – Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.51. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The business had revenue of $1.19 billion during the quarter. Everpure’s quarterly revenue was up 37.7% compared to the same quarter last year. Analysts expect that Everpure will post 0.93 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, insider Ajay Singh sold 9,787 shares of the company’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total transaction of $764,560.44. Following the completion of the sale, the insider directly owned 340,939 shares of the company’s stock, valued at $26,634,154.68. This represents a 2.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $96.98, for a total value of $19,396,000.00. Following the sale, the insider owned 6,474,080 shares in the company, valued at approximately $627,856,278.40. The trade was a 3.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 827,800 shares of company stock worth $78,153,882 over the last 90 days. Insiders own 5.10% of the company’s stock.
Institutional Trading of Everpure
Several large investors have recently added to or reduced their stakes in P. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Everpure during the 2nd quarter worth $7,609,000. California State Teachers Retirement System bought a new stake in shares of Everpure in the 2nd quarter valued at approximately $2,964,174,000. Greenland Capital Management LP bought a new position in shares of Everpure during the second quarter valued at $604,000. Ameritas Advisory Services LLC bought a new stake in Everpure during the second quarter worth about $476,000. Finally, Wedmont Private Capital acquired a new stake in Everpure during the 2nd quarter valued at $531,000. 83.42% of the stock is owned by institutional investors.
Key Headlines Impacting Everpure
Here are the key news stories impacting Everpure this week:
- Positive Sentiment: Earnings and revenue beat expectations: Everpure reported quarterly adjusted earnings of $0.70 per share, ahead of analyst estimates, while revenue reached $1.19 billion—up approximately 38% year over year. Product revenue growth was even stronger at 54%. Everpure Announces Second Quarter Fiscal 2027 Financial Results
- Positive Sentiment: Raised forward guidance: Management projected third-quarter revenue of roughly $1.3 billion, versus consensus of about $1.1 billion, and lifted fiscal 2027 revenue guidance to $5.0 billion-$5.1 billion from an analyst consensus near $4.5 billion. The company also significantly increased its full-year operating-profit outlook. Everpure Reports Upbeat Q2 and Guides for Strong Full-Year Sales
- Positive Sentiment: Growth narrative strengthened: Coverage highlighted Everpure’s 38% revenue expansion and improving position in the enterprise market. The earnings call and related coverage may have further supported the view that demand for the company’s storage and data-management solutions is broadening. Everpure Surges to New Heights
- Neutral Sentiment: Analysts and financial outlets are comparing Everpure with other technology-services companies, but these reports provide limited new company-specific information beyond the earnings beat and guidance increase. Reviewing Canon and Everpure
- Negative Sentiment: Despite the favorable results, Everpure’s valuation remains demanding, with a reported price-to-earnings ratio above 160. That leaves the stock sensitive to any slowdown in growth, missed guidance, or broader weakness in high-growth technology shares.
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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