Everspin Technologies Inc (NASDAQ:MRAM)‘s stock had its “strong-buy” rating reiterated by equities research analysts at Needham & Company LLC in a report released on Tuesday. They presently have a $10.00 price objective on the stock. Needham & Company LLC’s price target indicates a potential upside of 43.68% from the company’s current price.

Several other equities research analysts have also recently issued reports on the company. Canaccord Genuity began coverage on Everspin Technologies in a research note on Wednesday, November 2nd. They set a “buy” rating and a $12.00 target price for the company. Craig Hallum began coverage on Everspin Technologies in a research note on Wednesday, November 2nd. They set a “buy” rating and a $14.00 target price for the company. Finally, Stifel Nicolaus began coverage on Everspin Technologies in a research note on Wednesday, November 2nd. They set a “buy” rating and a $11.00 target price for the company.

Shares of Everspin Technologies (NASDAQ:MRAM) opened at 6.96 on Tuesday. The stock’s market capitalization is $21.01 million. The company’s 50 day moving average price is $6.95 and its 200-day moving average price is $6.95. Everspin Technologies has a 52 week low of $6.15 and a 52 week high of $9.99.

In other news, major shareholder Nvpg Iv, Llc acquired 250,000 shares of the company’s stock in a transaction dated Thursday, October 13th. The stock was acquired at an average cost of $8.00 per share, with a total value of $2,000,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter Hebert acquired 137,420 shares of the company’s stock in a transaction dated Thursday, October 13th. The stock was purchased at an average cost of $8.00 per share, with a total value of $1,099,360.00. The disclosure for this purchase can be found here.

Everspin Technologies Company Profile

Everspin Technologies, Inc is a United States-based company engaged in designing, manufacturing and shipping discrete and embedded magnetoresistive random-access memory (MRAM) and spin-torque MRAM (ST-MRAM) into markets and applications. The Company’s products include 8-bit/16-bit Parallel Interface MRAM, Serial Peripheral Interface, Quad Serial Peripheral Interface and DDR3 Spin-Torque MRAM.

5 Day Chart for NASDAQ:MRAM

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