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

Shares of Everpure, Inc. (NYSE:P) have been assigned a consensus rating of “Moderate Buy” from the twenty analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $96.3158.

Several equities research analysts recently weighed in on P shares. Barclays lifted their price objective on Everpure from $81.00 to $84.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Citigroup downgraded shares of Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a report on Thursday, May 14th. Morgan Stanley increased their price target on shares of Everpure from $84.00 to $87.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. increased their price target on shares of Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Finally, Piper Sandler reissued an “overweight” rating on shares of Everpure in a report on Thursday, May 28th.

Insider Activity

In other news, insider John Colgrove sold 10,280 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $85.32, for a total value of $877,089.60. Following the sale, the insider directly owned 6,614,941 shares of the company’s stock, valued at approximately $564,386,766.12. This represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 544,545 shares of company stock valued at $42,198,324 over the last quarter. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Provenance Wealth Advisors LLC purchased a new position in shares of Everpure during the third quarter worth about $27,000. Salomon & Ludwin LLC grew its holdings in shares of Everpure by 108.2% during the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after purchasing an additional 199 shares in the last quarter. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Everpure during the third quarter worth about $28,000. Sunbelt Securities Inc. grew its holdings in shares of Everpure by 287.1% during the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after purchasing an additional 244 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Everpure by 186.6% during the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock worth $29,000 after purchasing an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Everpure Stock Down 4.9%

Shares of P opened at $66.58 on Thursday. Everpure has a fifty-two week low of $50.20 and a fifty-two week high of $100.59. The stock has a market capitalization of $22.00 billion, a P/E ratio of 100.88, a PEG ratio of 3.96 and a beta of 1.44.

Everpure (NYSE:P) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $997.88 million. During the same quarter last year, the firm posted $0.29 EPS. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. Sell-side analysts expect that Everpure will post 0.92 earnings per share 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.