Everspin Tech (NASDAQ:MRAM) Downgraded to “Hold” Rating by Wall Street Zen

Everspin Tech (NASDAQ:MRAM) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

MRAM has been the topic of several other research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a research report on Monday, December 29th. Needham & Company LLC boosted their target price on shares of Everspin Tech from $8.00 to $10.50 and gave the stock a “buy” rating in a research note on Monday, November 10th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Everspin Tech presently has a consensus rating of “Hold” and an average target price of $10.50.

Everspin Tech Trading Down 8.2%

NASDAQ MRAM traded down $1.27 during trading hours on Friday, reaching $14.15. 1,561,055 shares of the company’s stock were exchanged, compared to its average volume of 723,676. The firm has a fifty day moving average of $9.95 and a 200-day moving average of $8.69. Everspin Tech has a one year low of $4.34 and a one year high of $17.24. The stock has a market cap of $323.47 million, a PE ratio of -471.67 and a beta of 0.80.

Everspin Tech (NASDAQ:MRAM) last issued its quarterly earnings data 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 firm had revenue of $14.06 million during the quarter, compared to the consensus estimate 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.

Insider Buying and Selling at Everspin Tech

In other news, CFO William Earl Cooper sold 6,807 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $12.06, for a total value of $82,092.42. Following the transaction, the chief financial officer owned 93,193 shares of the company’s stock, valued at $1,123,907.58. This represents a 6.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Darin G. Billerbeck sold 12,000 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $9.42, for a total value of $113,040.00. Following the completion of the transaction, the director owned 124,073 shares in the company, valued at $1,168,767.66. This represents a 8.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 6.90% of the company’s stock.

Hedge Funds Weigh In On Everspin Tech

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of Everspin Tech in the 2nd quarter valued at about $25,000. Occudo Quantitative Strategies LP acquired a new position in Everspin Tech during the second quarter valued at approximately $70,000. Gordian Capital Singapore Pte Ltd bought a new stake in Everspin Tech in the third quarter valued at approximately $82,000. Algert Global LLC bought a new stake in Everspin Tech in the third quarter valued at approximately $102,000. Finally, Thompson Davis & CO. Inc. acquired a new stake in Everspin Tech in the third quarter worth $131,000. 44.68% of the stock is currently owned by institutional investors and hedge funds.

About Everspin Tech

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.