Needham & Company LLC Has Lowered Expectations for Everspin Tech (NASDAQ:MRAM) Stock Price

Everspin Tech (NASDAQ:MRAM) had its price objective reduced by investment analysts at Needham & Company LLC from $15.00 to $14.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s target price would suggest a potential upside of 59.82% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Everspin Tech from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Everspin Tech has a consensus rating of “Hold” and an average target price of $14.00.

Everspin Tech Trading Down 3.8%

Shares of NASDAQ:MRAM opened at $8.76 on Thursday. The firm has a market cap of $202.53 million, a price-to-earnings ratio of -292.00 and a beta of 0.86. The stock’s 50-day moving average price is $11.57 and its two-hundred day moving average price is $9.71. Everspin Tech has a 12-month low of $4.34 and a 12-month high of $17.24.

Everspin Tech (NASDAQ:MRAM) last posted its quarterly earnings data on Wednesday, March 4th. The business services provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $14.80 million during the quarter, compared to the consensus estimate of $14.45 million. Everspin Tech had a negative net margin of 1.06% and a negative return on equity of 0.90%. Everspin Tech has set its Q1 2026 guidance at 0.070-0.120 EPS.

Insider Buying and Selling at Everspin Tech

In other news, CFO William Earl Cooper sold 6,807 shares of Everspin Tech stock in a transaction dated 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 directly owned 93,193 shares of the company’s stock, valued at $1,123,907.58. The trade was a 6.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 6.90% of the stock is owned by corporate insiders.

Institutional Trading of Everspin Tech

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in Everspin Tech during the second quarter valued at approximately $25,000. Kestra Advisory Services LLC purchased a new stake in Everspin Tech during the fourth quarter worth approximately $41,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Everspin Tech in the third quarter worth $82,000. Algert Global LLC acquired a new stake in shares of Everspin Tech in the third quarter worth $102,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Everspin Tech in the 2nd quarter valued at $70,000. Institutional investors and hedge funds 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.