Everspin Technologies Inc (NASDAQ:MRAM) has been given a consensus broker rating score of 1.00 (Strong Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Four analysts have rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price objective of $15.25 for the company and are anticipating that the company will post ($0.36) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Everspin Technologies an industry rank of 193 out of 265 based on the ratings given to related companies.
A number of research analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $17.00 price objective on shares of Everspin Technologies in a research report on Thursday, January 18th. Canaccord Genuity reduced their price objective on shares of Everspin Technologies from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, November 17th. Zacks Investment Research raised shares of Everspin Technologies from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Finally, reduced their price objective on shares of Everspin Technologies from $24.00 to $17.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, November 15th.
In related news, insider Kevin Conley acquired 14,285 shares of Everspin Technologies stock in a transaction on Monday, February 12th. The shares were acquired at an average cost of $7.00 per share, with a total value of $99,995.00. Following the transaction, the insider now owns 24,285 shares in the company, valued at $169,995. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael B. Gustafson acquired 14,286 shares of Everspin Technologies stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $7.00 per share, for a total transaction of $100,002.00. Following the completion of the transaction, the director now owns 14,286 shares in the company, valued at approximately $100,002. The disclosure for this purchase can be found here. 32.80% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN bought a new stake in shares of Everspin Technologies during the 2nd quarter valued at $322,000. Stifel Financial Corp bought a new stake in shares of Everspin Technologies during the 2nd quarter valued at $525,000. Granite Investment Partners LLC bought a new stake in shares of Everspin Technologies during the 3rd quarter valued at $560,000. B. Riley Financial Inc. boosted its holdings in shares of Everspin Technologies by 135.2% during the 3rd quarter. B. Riley Financial Inc. now owns 40,720 shares of the business services provider’s stock valued at $696,000 after buying an additional 23,408 shares in the last quarter. Finally, EAM Investors LLC boosted its holdings in shares of Everspin Technologies by 223.3% during the 3rd quarter. EAM Investors LLC now owns 126,205 shares of the business services provider’s stock valued at $2,157,000 after buying an additional 87,167 shares in the last quarter. 13.87% of the stock is currently owned by institutional investors and hedge funds.
Everspin Technologies (MRAM) opened at $7.67 on Tuesday. The company has a quick ratio of 2.27, a current ratio of 3.04 and a debt-to-equity ratio of 0.74. The company has a market cap of $97.92 and a price-to-earnings ratio of -4.21. Everspin Technologies has a one year low of $6.40 and a one year high of $25.39.
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About Everspin Technologies
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.
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