Everspin Tech (NASDAQ:MRAM) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Everspin Tech (NASDAQ:MRAM) from a buy rating to a hold rating in a research report released on Friday morning.

Several other equities research analysts also recently commented on MRAM. Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a research report on Monday, December 29th. Needham & Company LLC boosted their target price on shares of Everspin Tech from $8.00 to $10.50 and gave the company a “buy” rating in a research note on Monday, November 10th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.50.

Everspin Tech Stock Down 8.2%

Shares of Everspin Tech stock opened at $14.15 on Friday. Everspin Tech has a 12-month low of $4.34 and a 12-month high of $17.24. The firm has a market capitalization of $323.47 million, a PE ratio of -471.67 and a beta of 0.80. The stock’s fifty day moving average is $9.95 and its 200-day moving average is $8.72.

Everspin Tech (NASDAQ:MRAM) last released its quarterly earnings results on Wednesday, November 5th. The business services provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $14.06 million during the quarter, compared to analyst estimates of $14.00 million. Everspin Tech had a negative return on equity of 0.89% and a negative net margin of 1.06%.Everspin Tech has set its Q4 2025 guidance at 0.080-0.130 EPS.

Insiders Place Their Bets

In other news, CFO William Earl Cooper sold 6,807 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $12.06, for a total transaction of $82,092.42. Following the transaction, the chief financial officer directly owned 93,193 shares in the company, valued at $1,123,907.58. The trade was a 6.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Darin G. Billerbeck sold 12,000 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $9.42, for a total transaction of $113,040.00. Following the completion of the transaction, the director directly owned 124,073 shares in the company, valued at $1,168,767.66. This trade represents a 8.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 6.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Herald Investment Management Ltd lifted its holdings in shares of Everspin Tech by 18.5% during the 3rd quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider’s stock valued at $7,416,000 after buying an additional 125,000 shares during the last quarter. Marshall Wace LLP bought a new position in Everspin Tech during the second quarter valued at approximately $716,000. Arrowstreet Capital Limited Partnership raised its position in Everspin Tech by 426.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 137,687 shares of the business services provider’s stock valued at $1,282,000 after acquiring an additional 111,542 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Everspin Tech in the second quarter valued at approximately $428,000. Finally, Two Sigma Investments LP lifted its stake in Everspin Tech by 63.9% in the third quarter. Two Sigma Investments LP now owns 170,933 shares of the business services provider’s stock valued at $1,591,000 after acquiring an additional 66,623 shares during the last quarter. 44.68% of the stock is owned by institutional investors and hedge funds.

About Everspin Tech

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.