Everpure (NYSE:P) Cut to “Buy” at Wall Street Zen

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

Several other brokerages have also commented on P. DA Davidson set a $100.00 price objective on Everpure in a report on Wednesday, July 1st. Barclays increased their target price on Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Everpure in a research report on Thursday, May 28th. Northland Securities set a $90.00 price target on Everpure in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of Everpure from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Fifteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Everpure has an average rating of “Moderate Buy” and a consensus target price of $98.30.

Everpure Trading Up 8.8%

Shares of Everpure stock opened at $98.01 on Friday. The company has a market capitalization of $32.58 billion, a P/E ratio of 148.50, a price-to-earnings-growth ratio of 5.10 and a beta of 1.45. The firm’s 50 day moving average is $75.80. Everpure has a twelve month low of $54.37 and a twelve month high of $102.20.

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

Insider Buying and Selling at Everpure

In other news, insider John Colgrove sold 89,720 shares of Everpure stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $85.66, for a total transaction of $7,685,415.20. Following the transaction, the insider directly owned 6,509,265 shares of the company’s stock, valued at $557,583,639.90. The trade was a 1.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ajay Singh sold 9,787 shares of Everpure stock in a transaction dated 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 directly 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 327,800 shares of company stock valued at $25,819,007 in the last ninety days. 5.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Everpure

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. One Capital Management LLC boosted its stake 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 purchasing an additional 141 shares during the period. Rothschild Investment LLC raised its position in Everpure by 18.1% in the 4th quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock worth $67,000 after purchasing an additional 152 shares during the period. GraniteShares Advisors LLC lifted its stake in Everpure by 2.3% in the fourth quarter. GraniteShares Advisors LLC now owns 6,918 shares of the company’s stock worth $464,000 after purchasing an additional 157 shares during the last quarter. Transamerica Financial Advisors LLC lifted its stake in Everpure by 50.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 508 shares of the company’s stock worth $34,000 after purchasing an additional 170 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Everpure by 8.6% during the third quarter. National Bank of Canada FI now owns 2,334 shares of the company’s stock valued at $196,000 after buying an additional 184 shares during the period. Institutional investors own 83.42% of the company’s stock.

Key Headlines Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Second top-five hyperscaler design win: Everpure announced a design win and supply agreement with a second top-five hyperscaler. The deal reinforces demand for the company’s storage and data-management technology, expands its hyperscaler customer base and validates its software-driven competitive position. Everpure Lands New Design Win with Second Top-Five Hyperscaler
• Positive Sentiment: Susquehanna turns bullish: Susquehanna upgraded Everpure from “Neutral” to “Positive” and raised its price target to $120 from $85. The higher target reflects increased confidence in the company’s growth prospects following its hyperscaler momentum. Everpure pops up 10%; Susquehanna upgrades to Positive rating
• Positive Sentiment: Favorable hardware-sector outlook: Morgan Stanley became more constructive on U.S. IT hardware companies, arguing that rising memory prices—or “chipflation”—are encouraging enterprises to accelerate infrastructure spending rather than postpone purchases. That view supports demand for data-center and storage suppliers such as Everpure. Analyst turns more bullish on hardware stocks as chipflation accelerates demand
• Neutral Sentiment: Everpure’s recent earnings also provide supportive context: quarterly revenue rose 35.2% year over year to $1.05 billion, while EPS exceeded analysts’ expectations. However, the stock’s elevated valuation increases sensitivity to execution and future growth.
• Negative Sentiment: An insider sold approximately $7.7 million of Everpure stock. While a single insider transaction does not establish a trend, it may weigh modestly on sentiment. Everpure Insider Sells $7.7 Million in Stock

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.