Everpure (NYSE:P) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Everpure (NYSE:P) from a buy rating to a strong-buy rating in a research note released on Saturday morning,Wall Street Zen reports.

P has been the topic of a number of other reports. Lake Street Capital restated a “buy” rating and set a $120.00 price target on shares of Everpure in a research report on Thursday. Oppenheimer reiterated an “outperform” rating and set a $140.00 price objective on shares of Everpure in a research note on Thursday, August 20th. Citigroup boosted their target price on Everpure from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday. Piper Sandler reissued an “overweight” rating and set a $133.00 target price (up from $92.00) on shares of Everpure in a report on Thursday. Finally, Guggenheim reaffirmed a “buy” rating and set a $150.00 price target on shares of Everpure in a research note on Thursday, August 27th. Seventeen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $129.10.

Everpure Price Performance

Shares of P opened at $92.95 on Friday. Everpure has a one year low of $56.78 and a one year high of $119.10. The company’s fifty day simple moving average is $85.91. The firm has a market capitalization of $30.90 billion, a price-to-earnings ratio of 127.33, a price-to-earnings-growth ratio of 3.85 and a beta of 1.45.

Everpure (NYSE:P) last posted its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.51. The business had revenue of $1.19 billion during the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. On average, research analysts expect that Everpure will post 0.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Everpure

In other Everpure news, insider Ajay Singh sold 9,787 shares of Everpure stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $78.12, for a total value of $764,560.44. Following the transaction, the insider owned 340,939 shares in the company, valued at approximately $26,634,154.68. The trade was a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John Colgrove sold 64,815 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $117.44, for a total value of $7,611,873.60. Following the completion of the transaction, the insider directly owned 6,074,080 shares in the company, valued at $713,339,955.20. This represents a 1.06% 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. Insiders sold 817,520 shares of company stock valued at $77,276,792 in the last ninety days. Company insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Everpure

Several large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Everpure during the first quarter valued at $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Everpure by 129.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock worth $387,000 after purchasing an additional 4,926 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Everpure by 109.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock worth $50,377,000 after buying an additional 595,307 shares during the period. Empowered Funds LLC raised its holdings in Everpure by 4.2% during the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock worth $212,000 after buying an additional 194 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Everpure by 261.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock valued at $184,000 after buying an additional 2,316 shares in the last quarter. 83.42% of the stock is owned by institutional investors.

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.