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

Shares of Everpure, Inc. (NYSE:P) have earned an average recommendation of “Moderate Buy” from the nineteen research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $93.2105.

Several analysts have recently issued reports on P shares. Wedbush reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Everpure in a report on Monday, February 23rd. Northland Securities raised Everpure from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $77.00 to $81.00 in a report on Monday, March 9th. Barclays upped their price objective on Everpure from $77.00 to $81.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Weiss Ratings started coverage on Everpure in a report on Monday, April 20th. They set a “hold (c)” rating on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on Everpure from $105.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th.

Insiders Place Their Bets

In related news, insider John Colgrove sold 200,000 shares of the 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 sale, the insider owned 6,625,221 shares in the company, valued at approximately $569,305,240.53. This represents a 2.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 534,265 shares of company stock worth $41,321,234. Corporate insiders own 5.10% of the company’s stock.

Institutional Trading of Everpure

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc raised its holdings in Everpure by 8.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,598 shares of the company’s stock valued at $134,000 after buying an additional 122 shares during the period. Smartleaf Asset Management LLC raised its holdings in Everpure by 40.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 468 shares of the company’s stock valued at $39,000 after buying an additional 134 shares during the period. One Capital Management LLC raised its holdings in Everpure by 1.0% during the 3rd quarter. One Capital Management LLC now owns 14,750 shares of the company’s stock valued at $1,236,000 after buying an additional 141 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Everpure by 0.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 43,756 shares of the company’s stock valued at $3,667,000 after buying an additional 152 shares during the period. Finally, Rothschild Investment LLC raised its holdings in Everpure by 18.1% during the 4th quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock valued at $67,000 after buying an additional 152 shares during the period. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Everpure Stock Down 3.1%

P stock opened at $81.23 on Friday. Everpure has a 1-year low of $50.20 and a 1-year high of $100.59. The company has a market capitalization of $26.84 billion, a price-to-earnings ratio of 147.70, a price-to-earnings-growth ratio of 6.07 and a beta of 1.44.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.04. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. On average, sell-side analysts expect that Everpure will post 0.72 EPS for the current fiscal year.

About Everpure

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.