Everpure, Inc. (NYSE:P) Given Average Rating of “Moderate Buy” by Analysts

Everpure, Inc. (NYSE:P) has earned a consensus rating of “Moderate Buy” from the twenty research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $96.50.

Several equities research analysts recently commented on P shares. Northland Securities set a $90.00 price objective on shares of Everpure in a research note on Thursday, May 28th. DA Davidson set a $100.00 target price on shares of Everpure in a research note on Wednesday. Weiss Ratings assumed coverage on shares of Everpure in a report on Monday, April 20th. They set a “hold (c)” rating for the company. Piper Sandler reiterated an “overweight” rating on shares of Everpure in a report on Thursday, May 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of Everpure in a research report on Thursday, May 28th.

Everpure Price Performance

Shares of Everpure stock opened at $72.84 on Monday. The stock has a market capitalization of $24.21 billion, a price-to-earnings ratio of 110.37, a P/E/G ratio of 4.11 and a beta of 1.45. The firm’s fifty day moving average price is $76.42. Everpure has a 12 month low of $53.43 and a 12 month high of $100.59.

Everpure (NYSE:P) last announced its earnings results on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The company’s quarterly revenue was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 EPS. As a group, equities analysts expect that Everpure will post 0.92 EPS for the current year.

Insiders Place Their Bets

In other Everpure news, insider John Colgrove sold 200,000 shares of Everpure stock in a transaction on Monday, May 11th. The stock was sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the completion of the transaction, the insider owned 6,625,221 shares in the company, valued at approximately $569,305,240.53. The trade was a 2.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 654,015 shares of company stock worth $50,009,960. 5.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Everpure

A number of institutional investors have recently modified their holdings of P. Provenance Wealth Advisors LLC bought a new position in Everpure in the 3rd quarter worth about $27,000. Salomon & Ludwin LLC grew its position in Everpure by 108.2% during the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock valued at $27,000 after purchasing an additional 199 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in Everpure during the 3rd quarter valued at about $28,000. Sunbelt Securities Inc. increased its stake in Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after purchasing an additional 244 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its holdings in Everpure by 2,884.6% in the fourth quarter. Cornerstone Planning Group LLC now owns 388 shares of the company’s stock worth $29,000 after buying an additional 375 shares during the last quarter. 83.42% of the stock is owned by hedge funds and other institutional investors.

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.