Everpure, Inc. (NYSE:P) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Everpure, Inc. (NYSE:P) have received a consensus rating of “Moderate Buy” from the twenty brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $96.3158.

P has been the subject of a number of recent research reports. Morgan Stanley raised their target price on Everpure from $84.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Wall Street Zen raised Everpure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Wedbush raised their target price on Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. UBS Group raised their target price on Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a research note on Thursday, May 28th. Finally, Citigroup downgraded Everpure from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Thursday, May 14th.

Insider Activity

In related news, insider John Colgrove sold 200,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the completion of the sale, the insider directly owned 6,625,221 shares of the company’s stock, valued at approximately $569,305,240.53. This trade represents a 2.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 534,265 shares of company stock worth $41,321,234. 5.10% of the stock is currently owned by company insiders.

Institutional Trading of Everpure

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC increased its position in shares of Everpure by 40.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 468 shares of the company’s stock worth $39,000 after purchasing an additional 134 shares during the last quarter. One Capital Management LLC increased its position in shares of Everpure by 1.0% during the 3rd quarter. One Capital Management LLC now owns 14,750 shares of the company’s stock worth $1,236,000 after purchasing an additional 141 shares during the last quarter. Rothschild Investment LLC increased its position 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 purchasing an additional 152 shares during the last quarter. State of Wyoming increased its position in shares of Everpure by 10.3% during the 3rd quarter. State of Wyoming now owns 1,673 shares of the company’s stock worth $140,000 after purchasing an additional 156 shares during the last quarter. Finally, 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. 83.42% of the stock is owned by institutional investors and hedge funds.

Everpure Stock Performance

Shares of P stock opened at $80.98 on Thursday. The firm has a market capitalization of $26.76 billion, a price-to-earnings ratio of 122.70, a PEG ratio of 5.88 and a beta of 1.44. Everpure has a fifty-two week low of $50.20 and a fifty-two week high of $100.59.

Everpure (NYSE:P) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS. Sell-side analysts expect that Everpure will post 0.73 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.