Key Points
- Director Darin Billerbeck sold 12,000 shares at an average price of $9.42 for $113,040, cutting his stake by 8.82% to 124,073 shares (worth about $1.17M).
- Q3 results beat expectations — $0.06 EPS vs. $0.05 estimate and $14.06M revenue vs. $14.00M — but the company remains unprofitable with negative ROE and net margin, and it guided Q4 EPS to $0.080–$0.130.
- Shares fell 3.4% to $8.69, trading below the 50‑day average and carrying a market cap of ~$198.5M; analysts show a consensus "Moderate Buy" with a $10.50 price target despite a negative P/E.
Everspin Tech (NASDAQ:MRAM - Get Free Report) Director Darin Billerbeck sold 12,000 shares of the company's stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $9.42, for a total value of $113,040.00. Following the completion of the transaction, the director owned 124,073 shares of the company's stock, valued at $1,168,767.66. The trade was a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Everspin Tech Trading Down 3.4%
Shares of MRAM traded down $0.31 during trading hours on Thursday, reaching $8.69. 53,552 shares of the company traded hands, compared to its average volume of 151,427. Everspin Tech has a 12-month low of $4.34 and a 12-month high of $12.27. The stock's fifty day moving average price is $9.39 and its 200 day moving average price is $7.31. The firm has a market cap of $198.54 million, a price-to-earnings ratio of -289.50 and a beta of 0.47.
Everspin Tech (NASDAQ:MRAM - Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The business services provider reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. Everspin Tech had a negative return on equity of 0.89% and a negative net margin of 1.06%.The company had revenue of $14.06 million for the quarter, compared to analyst estimates of $14.00 million. Everspin Tech has set its Q4 2025 guidance at 0.080-0.130 EPS.
Institutional Trading of Everspin Tech
A number of institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Everspin Tech in the 2nd quarter worth about $25,000. Total Clarity Wealth Management Inc. raised its position in Everspin Tech by 15.6% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 29,267 shares of the business services provider's stock valued at $184,000 after purchasing an additional 3,954 shares in the last quarter. Bank of America Corp DE boosted its holdings in Everspin Tech by 28.6% in the second quarter. Bank of America Corp DE now owns 27,150 shares of the business services provider's stock valued at $171,000 after purchasing an additional 6,041 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Everspin Tech by 6.6% in the 1st quarter. Bank of New York Mellon Corp now owns 101,384 shares of the business services provider's stock valued at $517,000 after purchasing an additional 6,294 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC purchased a new stake in Everspin Tech in the second quarter valued at $68,000. Institutional investors and hedge funds own 44.68% of the company's stock.
Analyst Ratings Changes
A number of research firms have commented on MRAM. Weiss Ratings restated a "hold (c-)" rating on shares of Everspin Tech in a research note on Wednesday, October 8th. Needham & Company LLC raised their price objective on shares of Everspin Tech from $8.00 to $10.50 and gave the company a "buy" rating in a research note on Monday. Finally, Wall Street Zen upgraded shares of Everspin Tech from a "hold" rating to a "buy" rating in a report on Saturday, October 11th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $10.50.
Check Out Our Latest Report on Everspin Tech
About Everspin Tech
(
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Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.
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