Everspin Tech (NASDAQ:MRAM) Shares Gap Down – Time to Sell?

Everspin Tech (NASDAQ:MRAM)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $39.86, but opened at $36.47. Everspin Tech shares last traded at $39.0280, with a volume of 2,114,336 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded Everspin Tech from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Needham & Company LLC lifted their target price on shares of Everspin Tech from $14.00 to $18.50 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.50.

Everspin Tech Stock Down 13.3%

The stock has a 50-day moving average of $12.07 and a 200 day moving average of $10.95. The stock has a market cap of $810.78 million, a PE ratio of 3,527.33 and a beta of 1.75.

Everspin Tech (NASDAQ:MRAM) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $0.11 earnings per share (EPS) for the quarter. Everspin Tech had a net margin of 0.50% and a return on equity of 4.78%. The firm had revenue of $14.87 million during the quarter, compared to analyst estimates of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Insider Buying and Selling

In related news, CEO Sanjeev Aggarwal sold 28,459 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $19.58, for a total value of $557,227.22. Following the transaction, the chief executive officer directly owned 819,422 shares in the company, valued at approximately $16,044,282.76. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William Earl Cooper sold 11,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $21.75, for a total value of $239,250.00. Following the sale, the chief financial officer directly owned 161,030 shares of the company’s stock, valued at approximately $3,502,402.50. This trade represents a 6.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 60,448 shares of company stock worth $989,576 over the last quarter. 6.30% of the stock is currently owned by insiders.

Institutional Trading of Everspin Tech

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Everspin Tech during the second quarter worth $25,000. Kestra Advisory Services LLC acquired a new position in Everspin Tech in the 4th quarter valued at about $41,000. Occudo Quantitative Strategies LP purchased a new stake in Everspin Tech during the second quarter worth about $70,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Everspin Tech during the 3rd quarter worth approximately $82,000. Finally, Fortitude Advisory Group L.L.C. purchased a new stake in Everspin Tech during the 1st quarter worth about $99,000. Hedge funds and other institutional investors own 44.68% of the company’s stock.

Everspin Tech Company Profile

Everspin Technologies, Inc (NASDAQ: MRAM) is a semiconductor company specializing in the design, development and marketing of magnetoresistive random access memory (MRAM) solutions. Established in 2008 as a spin-out from Freescale Semiconductor, the company pioneered commercial MRAM products and continues to advance the technology through successive generations, including Toggle MRAM and spin-transfer torque (STT) MRAM. Everspin’s non-volatile memory devices offer a unique combination of performance, endurance and data retention for a variety of applications.

The company’s product portfolio includes discrete MRAM chips, embedded MRAM IP for integration into system-on-chip (SoC) designs and companion devices that leverage MRAM’s fast write speeds and low power consumption.