Everpure, Inc. (NYSE:PSTG) Receives $94.53 Consensus PT from Analysts

Shares of Everpure, Inc. (NYSE:PSTG) have been assigned an average rating of “Moderate Buy” from the nineteen research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $94.5263.

Several equities analysts have commented on the stock. TD Cowen reiterated a “buy” rating on shares of Everpure in a research note on Wednesday, December 3rd. Morgan Stanley set a $83.00 target price on shares of Everpure in a report on Wednesday, December 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Everpure in a research report on Wednesday, December 3rd. Lake Street Capital lifted their price target on shares of Everpure from $80.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Finally, Northland Securities raised shares of Everpure from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $77.00 to $81.00 in a research report on Monday, March 9th.

Everpure Stock Performance

NYSE:PSTG opened at $65.41 on Friday. The stock has a 50-day simple moving average of $68.30 and a 200-day simple moving average of $77.22. The stock has a market cap of $21.59 billion, a P/E ratio of 118.92, a P/E/G ratio of 4.86 and a beta of 1.29. Everpure has a 1 year low of $34.51 and a 1 year high of $100.59.

Everpure (NYSE:PSTG) last issued its earnings results on Wednesday, February 25th. The technology company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.04. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. On average, equities research analysts predict that Everpure will post 0.44 EPS for the current year.

Institutional Trading of Everpure

Several institutional investors and hedge funds have recently made changes to their positions in PSTG. Winnow Wealth LLC acquired a new stake in shares of Everpure in the 3rd quarter valued at about $26,000. Provenance Wealth Advisors LLC acquired a new position in Everpure during the third quarter worth approximately $27,000. Sunbelt Securities Inc. lifted its stake in Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the technology company’s stock valued at $28,000 after buying an additional 244 shares during the last quarter. Foster Dykema Cabot & Partners LLC purchased a new stake in Everpure in the third quarter valued at approximately $28,000. Finally, Assetmark Inc. boosted its holdings in shares of Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the technology company’s stock valued at $29,000 after acquiring an additional 222 shares during the period. 83.42% of the stock is owned by hedge funds and other institutional investors.

About Everpure

Everpure, Inc (NYSE: PSTG), formerly known as Pure Storage, Inc, is a technology company that designs and sells data storage hardware and software for enterprise and cloud environments. The company is best known for its all-flash storage arrays engineered to deliver high performance, low latency, and simplified management compared with traditional disk-based systems. Its product portfolio includes purpose-built arrays and software aimed at transactional databases, virtualized infrastructures, analytics, and large-scale file and object workloads.

Key product and software offerings include the FlashArray family for block storage and FlashBlade for file and object workloads, together with Purity, the company’s storage operating environment.