Everspin Tech (NASDAQ:MRAM) Director Darin Billerbeck Sells 12,000 Shares

Everspin Tech (NASDAQ:MRAM) Director Darin Billerbeck sold 12,000 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $9.42, for a total transaction of $113,040.00. Following the transaction, the director directly owned 124,073 shares of the company’s stock, valued at $1,168,767.66. The trade was a 8.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Everspin Tech Stock Performance

NASDAQ MRAM traded down $0.31 during mid-day trading on Thursday, reaching $8.69. 53,552 shares of the stock were exchanged, compared to its average volume of 151,427. Everspin Tech has a 1-year low of $4.34 and a 1-year high of $12.27. The stock has a market capitalization of $198.54 million, a PE ratio of -289.50 and a beta of 0.47. The business’s fifty day simple moving average is $9.39 and its 200 day simple moving average is $7.31.

Everspin Tech (NASDAQ:MRAM) last posted its quarterly earnings results on Wednesday, November 5th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. The business had revenue of $14.06 million for the quarter, compared to analyst estimates of $14.00 million. Everspin Tech had a negative return on equity of 0.89% and a negative net margin of 1.06%. Everspin Tech has set its Q4 2025 guidance at 0.080-0.130 EPS.

Wall Street Analyst Weigh In

MRAM has been the topic of a number of recent research reports. Needham & Company LLC increased their target price on Everspin Tech from $8.00 to $10.50 and gave the company a “buy” rating in a report on Monday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Everspin Tech in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Everspin Tech from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Everspin Tech presently has an average rating of “Moderate Buy” and an average price target of $10.50.

Institutional Trading of Everspin Tech

A number of institutional investors and hedge funds have recently modified their holdings of MRAM. Raymond James Financial Inc. bought a new position in Everspin Tech in the 2nd quarter valued at about $25,000. Silverberg Bernstein Capital Management LLC purchased a new stake in shares of Everspin Tech in the second quarter worth about $68,000. Occudo Quantitative Strategies LP bought a new position in shares of Everspin Tech in the second quarter worth $70,000. Thompson Davis & CO. Inc. bought a new stake in Everspin Tech during the third quarter valued at approximately $131,000. Finally, AlphaCore Capital LLC bought a new position in Everspin Tech in the third quarter valued at $133,000. 44.68% of the stock is currently owned by institutional investors.

About Everspin Tech

Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.