Everpure (NYSE:P) Director Sells 4,735 Shares of Stock

Everpure, Inc. (NYSE:P) Director Mallun Yen sold 4,735 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $76.90, for a total transaction of $364,121.50. Following the sale, the director owned 43,281 shares in the company, valued at $3,328,308.90. This trade represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Everpure Trading Up 0.6%

Shares of Everpure stock traded up $0.46 on Wednesday, hitting $72.82. The company had a trading volume of 2,269,949 shares, compared to its average volume of 3,452,301. The business has a 50-day simple moving average of $76.80. The stock has a market cap of $24.21 billion, a P/E ratio of 110.34, a PEG ratio of 4.36 and a beta of 1.44. Everpure, Inc. has a 52 week low of $53.43 and a 52 week high of $100.59.

Everpure (NYSE:P) last announced its earnings results on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The firm’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 earnings per share. On average, equities analysts expect that Everpure, Inc. will post 0.92 EPS for the current year.

Hedge Funds Weigh In On Everpure

Hedge funds and other institutional investors have recently modified their holdings of the stock. Provenance Wealth Advisors LLC purchased a new position in Everpure in the 3rd quarter worth about $27,000. Salomon & Ludwin LLC lifted its stake in Everpure by 108.2% during the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock valued at $27,000 after buying an additional 199 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Everpure in the third quarter worth about $28,000. Sunbelt Securities Inc. boosted its holdings in shares of Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after buying an additional 244 shares during the period. Finally, Assetmark Inc. increased its position in shares of Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock worth $29,000 after acquiring an additional 222 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on P shares. UBS Group upped their price objective on Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a report on Thursday, May 28th. Lake Street Capital upped their price target on shares of Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. lifted their price objective on shares of Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. William Blair reiterated an “outperform” rating on shares of Everpure in a report on Thursday, May 28th. Finally, Barclays increased their target price on shares of Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Thirteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $96.32.

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.