Everpure (NYSE:P) Trading 9.4% Higher – Should You Buy?

Everpure, Inc. (NYSE:P) traded up 9.4% on Friday . The stock traded as high as $85.50 and last traded at $86.4520. 944,176 shares were traded during trading, a decline of 71% from the average session volume of 3,223,853 shares. The stock had previously closed at $79.00.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group raised their price target on shares of Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a report on Thursday, February 26th. Citigroup lowered shares of Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a report on Thursday, May 14th. Wall Street Zen raised shares of Everpure from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Northland Securities raised shares of Everpure from a “market perform” rating to an “outperform” rating and raised their price target for the company from $77.00 to $81.00 in a report on Monday, March 9th. Finally, Barclays raised their price target on shares of Everpure from $77.00 to $81.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Twelve research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $93.21.

Everpure Stock Performance

The firm has a market cap of $28.66 billion, a price-to-earnings ratio of 157.32, a P/E/G ratio of 5.83 and a beta of 1.44.

Everpure (NYSE:P) last released its earnings results on Wednesday, February 25th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. Everpure had a net margin of 5.14% and a return on equity of 14.36%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the business earned $0.45 EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. Equities research analysts anticipate that Everpure, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Everpure news, insider John Colgrove sold 200,000 shares of Everpure stock in a transaction on Monday, May 11th. The shares were sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the completion of the sale, the insider owned 6,625,221 shares of the company’s stock, valued at approximately $569,305,240.53. The trade was a 2.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 534,265 shares of company stock worth $41,321,234. 5.10% of the stock is currently owned by insiders.

Institutional Trading of Everpure

A number of institutional investors have recently bought and sold shares of P. Winnow Wealth LLC acquired a new stake in Everpure during the 3rd quarter worth $26,000. Provenance Wealth Advisors LLC acquired a new stake in Everpure during the 3rd quarter worth $27,000. Salomon & Ludwin LLC grew its holdings in Everpure by 108.2% during the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after acquiring an additional 199 shares during the period. Foster Dykema Cabot & Partners LLC bought a new position in shares of Everpure during the third quarter worth $28,000. Finally, Sunbelt Securities Inc. boosted its position in shares of Everpure by 287.1% during the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after purchasing an additional 244 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

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.