Everspin Technologies Inc (NASDAQ:MRAM) insider Kevin Conley acquired 14,285 shares of the stock in a transaction on Monday, February 12th. The stock was acquired at an average cost of $7.00 per share, for a total transaction of $99,995.00. Following the acquisition, the insider now directly owns 24,285 shares in the company, valued at approximately $169,995. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Everspin Technologies Inc (NASDAQ:MRAM) traded down $0.08 during trading hours on Tuesday, hitting $7.24. The stock had a trading volume of 139,009 shares, compared to its average volume of 293,252. The stock has a market cap of $92.43 and a price-to-earnings ratio of -3.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.04 and a quick ratio of 2.27. Everspin Technologies Inc has a fifty-two week low of $6.40 and a fifty-two week high of $25.39.

Everspin Technologies (NASDAQ:MRAM) last announced its quarterly earnings results on Monday, November 13th. The business services provider reported ($0.43) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.02. The business had revenue of $8.30 million for the quarter, compared to analyst estimates of $9.90 million. Everspin Technologies had a negative return on equity of 108.26% and a negative net margin of 66.90%. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. sell-side analysts expect that Everspin Technologies Inc will post -1.72 EPS for the current year.

A number of brokerages have weighed in on MRAM. Zacks Investment Research raised Everspin Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Needham & Company LLC lowered their price objective on Everspin Technologies from $24.00 to $17.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 14th. decreased their price target on Everspin Technologies from $24.00 to $17.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, November 15th. Finally, Canaccord Genuity decreased their price target on Everspin Technologies from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, November 17th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Everspin Technologies has an average rating of “Buy” and a consensus target price of $16.75.

Several large investors have recently made changes to their positions in MRAM. Vanguard Group Inc. boosted its stake in shares of Everspin Technologies by 248.2% during the 2nd quarter. Vanguard Group Inc. now owns 138,842 shares of the business services provider’s stock worth $2,774,000 after acquiring an additional 98,963 shares in the last quarter. EAM Investors LLC boosted its stake in shares of Everspin Technologies by 223.3% during the 3rd quarter. EAM Investors LLC now owns 126,205 shares of the business services provider’s stock worth $2,157,000 after acquiring an additional 87,167 shares in the last quarter. Bamco Inc. NY boosted its stake in shares of Everspin Technologies by 20.3% during the 3rd quarter. Bamco Inc. NY now owns 243,825 shares of the business services provider’s stock worth $4,167,000 after acquiring an additional 41,100 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Everspin Technologies by 24.0% during the 4th quarter. Royce & Associates LP now owns 172,300 shares of the business services provider’s stock worth $1,292,000 after acquiring an additional 33,400 shares in the last quarter. Finally, Granite Investment Partners LLC purchased a new stake in shares of Everspin Technologies during the 3rd quarter worth approximately $560,000. 23.91% of the stock is currently owned by institutional investors and hedge funds.

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Everspin Technologies Company Profile

Everspin Technologies, Inc is a United States-based provider of magnetoresistive random-access memory (MRAM) solutions. The Company is engaged in designing, manufacturing and shipping discrete and embedded 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 (SPI), Quad SPI and Double Data Rate (DDR) 3 dynamic random-access memory (DRAM) Compatible MRAM – Spin Torque Technology.

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