Everpure, Inc. (NYSE:P) Receives $93.21 Consensus PT from Analysts

Everpure, Inc. (NYSE:P) has earned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $93.2105.

Several research firms have recently commented on P. Weiss Ratings assumed coverage on shares of Everpure in a report on Monday, April 20th. They issued a “hold (c)” rating on the stock. Barclays increased their price target on shares of Everpure from $77.00 to $81.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Wells Fargo & Company lowered their price target on shares of Everpure from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Piper Sandler reissued a “buy” rating on shares of Everpure in a report on Thursday, February 26th. Finally, Wedbush reissued an “outperform” rating and set a $100.00 price target on shares of Everpure in a report on Monday, February 23rd.

Everpure Trading Down 4.7%

P stock opened at $83.27 on Friday. The firm has a market capitalization of $27.52 billion, a PE ratio of 151.40, a price-to-earnings-growth ratio of 6.52 and a beta of 1.44. Everpure has a 12 month low of $50.20 and a 12 month high of $100.59.

Everpure (NYSE:P) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.65 by $0.04. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Everpure had a net margin of 5.14% and a return on equity of 14.36%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. On average, research analysts expect that Everpure will post 0.72 EPS for the current fiscal year.

Trending Headlines about Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure officially finalized its acquisition of 1touch, a deal that could expand its product and platform capabilities and support longer-term growth. Everpure Officially Finalizes Acquisition of 1touch
• Positive Sentiment: The company’s Portworx unit announced new Red Hat OpenShift capabilities, making data management more native to Kubernetes environments and potentially strengthening Everpure’s role in AI, container, and virtual machine workloads. Portworx by Everpure Makes Data Management Native to Red Hat OpenShift
• Neutral Sentiment: Everpure stock has been rallying ahead of its upcoming earnings report, reflecting investor optimism, but the stock is still being viewed through the lens of a valuation and earnings test. Everpure Stock Rallies As Data Storage Player Nears Earnings Test
• Neutral Sentiment: One market note said the latest trend in earnings estimate revisions may not support continued upside in the near term, suggesting some caution after the recent surge. Everpure (P) Moves 11.8% Higher: Will This Strength Last?
• Negative Sentiment: Despite the recent strength, some investors are questioning whether Everpure’s sharp one-year run has already priced in much of the good news, which could limit further upside if earnings or guidance disappoint. Is It Too Late To Consider Everpure (P) After Its 63.7% One Year Surge?

Insider Transactions at Everpure

In related news, insider John Colgrove sold 29,108 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $75.31, for a total transaction of $2,192,123.48. Following the sale, the insider directly owned 467,694 shares of the company’s stock, valued at approximately $35,222,035.14. This represents a 5.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 334,265 shares of company stock worth $24,135,234 over the last quarter. Corporate insiders own 5.10% of the company’s stock.

Institutional Trading of Everpure

A number of hedge funds have recently added to or reduced their stakes in the company. Winnow Wealth LLC acquired a new stake in shares of Everpure in the third quarter valued at about $26,000. Provenance Wealth Advisors LLC acquired a new stake in shares of Everpure in the third quarter valued at about $27,000. Sunbelt Securities Inc. raised its position in shares of Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after buying an additional 244 shares during the last quarter. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Everpure in the third quarter valued at about $28,000. Finally, Assetmark Inc. raised its position in shares of Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock valued at $29,000 after buying an additional 222 shares during the last quarter. 83.42% of the stock is owned by hedge funds and other institutional investors.

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.