Kevin Conley Purchases 14,285 Shares of Everspin Technologies Inc (MRAM) Stock

Everspin Technologies Inc (NASDAQ:MRAM) insider Kevin Conley purchased 14,285 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average cost of $7.00 per share, for a total transaction of $99,995.00. Following the acquisition, the insider now owns 24,285 shares of the company’s stock, valued at $169,995. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of Everspin Technologies Inc (NASDAQ:MRAM) traded down $0.08 on Tuesday, reaching $7.24. The company’s stock had a trading volume of 139,009 shares, compared to its average volume of 293,252. Everspin Technologies Inc has a 12 month low of $6.40 and a 12 month high of $25.39. The stock has a market cap of $92.43 and a price-to-earnings ratio of -3.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.04 and a quick ratio of 2.27.

Everspin Technologies (NASDAQ:MRAM) last announced its quarterly earnings data on Monday, November 13th. The business services provider reported ($0.43) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.02. Everspin Technologies had a negative return on equity of 108.26% and a negative net margin of 66.90%. The company had revenue of $8.30 million for the quarter, compared to analyst estimates of $9.90 million. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. equities analysts predict that Everspin Technologies Inc will post -1.72 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in MRAM. Wells Fargo & Company MN purchased a new stake in Everspin Technologies in the 2nd quarter valued at approximately $322,000. B. Riley Financial Inc. boosted its holdings in Everspin Technologies by 21.1% in the 4th quarter. B. Riley Financial Inc. now owns 49,300 shares of the business services provider’s stock valued at $370,000 after purchasing an additional 8,580 shares in the last quarter. Stifel Financial Corp purchased a new stake in Everspin Technologies in the 2nd quarter valued at approximately $525,000. Granite Investment Partners LLC purchased a new stake in Everspin Technologies in the 3rd quarter valued at approximately $560,000. Finally, Royce & Associates LP boosted its holdings in Everspin Technologies by 24.0% in the 4th quarter. Royce & Associates LP now owns 172,300 shares of the business services provider’s stock valued at $1,292,000 after purchasing an additional 33,400 shares in the last quarter. 23.91% of the stock is currently owned by institutional investors.

MRAM has been the topic of a number of research reports. Zacks Investment Research raised Everspin Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. lowered their price target on Everspin Technologies from $24.00 to $17.00 and set a “strong-buy” rating on the stock in a report on Wednesday, November 15th. Needham & Company LLC lowered their price target on Everspin Technologies from $24.00 to $17.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 14th. Finally, Canaccord Genuity lowered their price target on Everspin Technologies from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, November 17th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $16.75.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/13/kevin-conley-purchases-14285-shares-of-everspin-technologies-inc-mram-stock.html.

Everspin Technologies Company Profile

Everspin Technologies, Inc is a United States-based provider of magnetoresistive random-access memory (MRAM) solutions. The Company is engaged in designing, manufacturing and shipping discrete and embedded MRAM and spin-torque MRAM (ST-MRAM) into markets and applications. The Company’s products include 8-bit/16-bit Parallel Interface MRAM, Serial Peripheral Interface (SPI), Quad SPI and Double Data Rate (DDR) 3 dynamic random-access memory (DRAM) Compatible MRAM – Spin Torque Technology.

Receive News & Ratings for Everspin Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everspin Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply