Everpure (NYSE:P) Rating Increased to Strong-Buy at Wall Street Zen

Everpure (NYSE:P) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Sunday.

Several other equities analysts also recently commented on P. Wells Fargo & Company upped their target price on Everpure from $90.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Everpure in a report on Thursday, May 28th. JPMorgan Chase & Co. boosted their price target on Everpure from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Guggenheim upped their price objective on Everpure from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Barclays increased their price objective on Everpure from $81.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.50.

Everpure Trading Up 0.2%

NYSE P opened at $72.84 on Friday. The firm has a market cap of $24.21 billion, a PE ratio of 110.37, a PEG ratio of 4.11 and a beta of 1.45. The business’s 50-day moving average is $76.42. Everpure has a 52-week low of $53.43 and a 52-week high of $100.59.

Everpure (NYSE:P) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. Everpure’s quarterly revenue was up 35.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 EPS. On average, equities analysts anticipate that Everpure will post 0.92 EPS for the current fiscal year.

Insider Activity at Everpure

In related news, Director Mallun Yen sold 4,735 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $76.90, for a total transaction of $364,121.50. Following the sale, the director owned 43,281 shares of the company’s stock, valued at $3,328,308.90. This represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Colgrove sold 99,900 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $71.04, for a total value of $7,096,896.00. Following the transaction, the insider owned 2,615,000 shares in the company, valued at approximately $185,769,600. This trade represents a 3.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 654,015 shares of company stock worth $50,009,960. Company insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Everpure

Hedge funds and other institutional investors have recently made changes to their positions in the company. One Capital Management LLC boosted 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 acquiring an additional 141 shares in the last quarter. Rothschild Investment LLC increased its stake in shares of Everpure by 18.1% in the 4th quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock valued at $67,000 after purchasing an additional 152 shares during the last quarter. GraniteShares Advisors LLC raised its holdings in shares of Everpure by 2.3% during the 4th quarter. GraniteShares Advisors LLC now owns 6,918 shares of the company’s stock worth $464,000 after buying an additional 157 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Everpure by 2.4% during the 4th quarter. GAMMA Investing LLC now owns 6,938 shares of the company’s stock worth $465,000 after buying an additional 164 shares in the last quarter. Finally, Transamerica Financial Advisors LLC lifted its position in shares of Everpure by 50.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 508 shares of the company’s stock worth $34,000 after buying an additional 170 shares during the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.

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.