Everpure, Inc. (NYSE:P) Receives $96.32 Average Target Price from Analysts

Everpure, Inc. (NYSE:P) has received an average recommendation of “Moderate Buy” from the twenty ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $96.3158.

A number of analysts have weighed in on the company. Citigroup downgraded 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 upgraded Everpure from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Piper Sandler reiterated an “overweight” rating on shares of Everpure in a report on Thursday, May 28th. Northland Securities set a $90.00 price target on Everpure in a report on Thursday, May 28th. Finally, Weiss Ratings assumed coverage on Everpure in a report on Monday, April 20th. They set a “hold (c)” rating for the company.

Everpure Price Performance

Shares of Everpure stock opened at $72.19 on Thursday. Everpure has a 1-year low of $50.20 and a 1-year high of $100.59. The stock has a market cap of $23.86 billion, a price-to-earnings ratio of 109.39, a price-to-earnings-growth ratio of 5.12 and a beta of 1.44.

Everpure (NYSE:P) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $997.88 million. During the same period last year, the business posted $0.29 EPS. The business’s revenue was up 35.2% compared to the same quarter last year. On average, sell-side analysts forecast that Everpure will post 0.73 earnings per share for the current year.

Insiders Place Their Bets

In other Everpure news, insider John Colgrove sold 10,280 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $85.32, for a total transaction of $877,089.60. Following the completion of the sale, the insider directly owned 6,614,941 shares in the company, valued at approximately $564,386,766.12. This trade represents a 0.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 544,545 shares of company stock worth $42,198,324. Company insiders own 5.10% of the company’s stock.

Institutional Trading of Everpure

Several large investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in shares of Everpure by 40.1% in 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 grew its stake in shares of Everpure by 1.0% in 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. Rothschild Investment LLC grew its stake in shares of Everpure by 18.1% in 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. State of Wyoming grew its stake in shares of Everpure by 10.3% in the 3rd quarter. State of Wyoming now owns 1,673 shares of the company’s stock valued at $140,000 after buying an additional 156 shares during the period. Finally, GraniteShares Advisors LLC grew its stake in shares of Everpure by 2.3% in the 4th quarter. GraniteShares Advisors LLC now owns 6,918 shares of the company’s stock valued at $464,000 after buying an additional 157 shares during the period. 83.42% of the stock is currently owned by institutional investors and hedge funds.

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.