Mutual of America Capital Management LLC lowered its stake in Everspin Technologies Inc (NASDAQ:MRAM) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 194,001 shares of the business services provider’s stock after selling 6,877 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Everspin Technologies were worth $1,455,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN acquired a new stake in shares of Everspin Technologies in the second quarter valued at about $322,000. Stifel Financial Corp acquired a new stake in shares of Everspin Technologies in the second quarter valued at about $525,000. Granite Investment Partners LLC acquired a new stake in shares of Everspin Technologies in the third quarter valued at about $560,000. B. Riley Financial Inc. grew its stake in shares of Everspin Technologies by 135.2% in the third quarter. B. Riley Financial Inc. now owns 40,720 shares of the business services provider’s stock valued at $696,000 after buying an additional 23,408 shares in the last quarter. Finally, EAM Investors LLC grew its stake in shares of Everspin Technologies by 223.3% in the third quarter. EAM Investors LLC now owns 126,205 shares of the business services provider’s stock valued at $2,157,000 after buying an additional 87,167 shares in the last quarter. Institutional investors and hedge funds own 23.91% of the company’s stock.

Shares of Everspin Technologies Inc (MRAM) opened at $7.73 on Thursday. Everspin Technologies Inc has a 12 month low of $6.40 and a 12 month high of $25.39. The company has a current ratio of 3.04, a quick ratio of 2.27 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $119.66, a P/E ratio of -4.25 and a beta of 3.08.

Everspin Technologies (NASDAQ:MRAM) last issued its quarterly earnings data on Monday, November 13th. The business services provider reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.02. Everspin Technologies had a negative return on equity of 108.26% and a negative net margin of 66.90%. The firm had revenue of $8.30 million during the quarter, compared to analyst estimates of $9.90 million. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. equities research analysts forecast that Everspin Technologies Inc will post -1.72 earnings per share for the current year.

In other Everspin Technologies news, insider Kevin Conley acquired 14,285 shares of the stock in a transaction on Monday, February 12th. The stock was purchased at an average price of $7.00 per share, for a total transaction of $99,995.00. Following the purchase, the insider now directly owns 24,285 shares in the company, valued at $169,995. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael B. Gustafson acquired 14,286 shares of the stock in a transaction on Monday, February 12th. The shares were acquired at an average price of $7.00 per share, with a total value of $100,002.00. Following the purchase, the director now owns 14,286 shares in the company, valued at $100,002. The disclosure for this purchase can be found here. 32.80% of the stock is owned by company insiders.

A number of equities research analysts have recently issued reports on MRAM shares. Needham & Company LLC reiterated a “buy” rating and issued a $17.00 target price on shares of Everspin Technologies in a research note on Thursday, January 18th. Zacks Investment Research lowered Everspin Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. lowered their price objective on Everspin Technologies from $24.00 to $17.00 and set a “strong-buy” rating for the company in a research note on Wednesday, November 15th. Finally, Canaccord Genuity lowered their price objective on Everspin Technologies from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, November 17th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Everspin Technologies presently has a consensus rating of “Buy” and an average price target of $16.75.

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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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Institutional Ownership by Quarter for Everspin Technologies (NASDAQ:MRAM)

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