Everpure, Inc. (NYSE:P) Receives Average Recommendation of “Moderate Buy” from Brokerages

Everpure, Inc. (NYSE:P) has been given a consensus recommendation of “Moderate Buy” by the twenty-one research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $108.30.

Several research analysts recently commented on the company. Guggenheim lifted their price target on Everpure from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. UBS Group upped their price objective on Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a research report on Thursday, May 28th. Wells Fargo & Company raised their price objective on Everpure from $90.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Wall Street Zen cut Everpure from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Citigroup raised Everpure from a “neutral” rating to a “buy” rating and boosted their target price for the company from $90.00 to $118.00 in a research report on Tuesday, August 11th.

Insider Buying and Selling at Everpure

In other Everpure news, insider Ajay Singh sold 9,787 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $78.12, for a total transaction of $764,560.44. Following the transaction, the insider owned 340,939 shares in the company, valued at $26,634,154.68. The trade was a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Colgrove sold 200,000 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the completion of the sale, the insider directly owned 6,474,080 shares in the company, valued at approximately $627,856,278.40. This represents a 3.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 827,800 shares of company stock valued at $78,153,882 over the last ninety days. 5.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of P. One Capital Management LLC grew its stake in shares of Everpure by 1.0% during the third 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 last quarter. Rothschild Investment LLC lifted its stake in shares of Everpure by 18.1% during the 4th quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock worth $67,000 after acquiring an additional 152 shares during the last quarter. GraniteShares Advisors LLC boosted its holdings in Everpure by 2.3% during the 4th quarter. GraniteShares Advisors LLC now owns 6,918 shares of the company’s stock valued at $464,000 after acquiring an additional 157 shares during the period. Transamerica Financial Advisors LLC boosted its holdings in Everpure by 50.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 508 shares of the company’s stock valued at $34,000 after acquiring an additional 170 shares during the period. Finally, National Bank of Canada FI boosted its holdings in Everpure by 8.6% during the 3rd quarter. National Bank of Canada FI now owns 2,334 shares of the company’s stock valued at $196,000 after acquiring an additional 184 shares during the period. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Everpure Trading Down 7.4%

Everpure stock opened at $100.47 on Tuesday. The stock has a market capitalization of $33.40 billion, a P/E ratio of 152.23, a price-to-earnings-growth ratio of 6.04 and a beta of 1.45. The company’s fifty day simple moving average is $83.42. Everpure has a 52-week low of $56.78 and a 52-week high of $119.10.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $997.88 million. During the same period last year, the company posted $0.29 EPS. The business’s revenue was up 35.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Everpure will post 0.93 EPS for the current year.

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.