Key Points
- Director Susan J.S. Taylor sold 8,543 shares of Everpure stock on July 9 for about $698,304.82 at an average price of $81.74, reducing her ownership by 8.28%.
- Everpure reported stronger-than-expected quarterly results, posting EPS of $0.47 versus the $0.40 estimate and revenue of $1.05 billion versus expectations of $997.88 million.
- Analysts remain constructive on the stock, with a consensus rating of “Moderate Buy” and an average price target of $96.50, while institutional investors hold 83.42% of shares outstanding.
Everpure, Inc. (NYSE:P - Get Free Report) Director Susan J.S. Taylor sold 8,543 shares of the company's stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $81.74, for a total value of $698,304.82. Following the completion of the transaction, the director owned 94,608 shares of the company's stock, valued at $7,733,257.92. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Everpure Price Performance
P stock opened at $75.36 on Tuesday. The stock has a market capitalization of $25.05 billion, a P/E ratio of 114.19, a PEG ratio of 4.49 and a beta of 1.45. Everpure, Inc. has a one year low of $53.43 and a one year high of $100.59. The business's 50 day simple moving average is $77.25.
Everpure (NYSE:P - Get Free Report) last issued its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.Everpure's quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 EPS. As a group, equities analysts forecast that Everpure, Inc. will post 0.92 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on P. Wells Fargo & Company boosted their price objective on shares of Everpure from $90.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 28th. DA Davidson set a $100.00 price target on Everpure in a research report on Wednesday, July 1st. Northland Securities set a $90.00 price objective on Everpure in a report on Thursday, May 28th. Guggenheim boosted their target price on Everpure from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, May 28th. Finally, Weiss Ratings started coverage on Everpure in a research note on Monday, April 20th. They issued a "hold (c)" rating for the company. Thirteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $96.50.
Check Out Our Latest Analysis on P
Hedge Funds Weigh In On Everpure
Hedge funds have recently bought and sold shares of the company. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Everpure in the fourth quarter worth $10,948,000. ClearAlpha Technologies LP purchased a new position in Everpure in the 4th quarter worth about $971,000. National Pension Service lifted its stake in Everpure by 782.9% during the 4th quarter. National Pension Service now owns 665,667 shares of the company's stock valued at $44,606,000 after acquiring an additional 590,274 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Everpure by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company's stock valued at $515,972,000 after acquiring an additional 207,317 shares during the last quarter. Finally, Bleakley Financial Group LLC bought a new stake in shares of Everpure in the fourth quarter worth approximately $745,000. Institutional investors own 83.42% of the company's stock.
About Everpure
(
Get Free Report)
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.
Further Reading
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