Key Points
- Director Andrew Brown sold 4,268 shares at an average price of $156.03, generating approximately $665,936. His direct ownership fell 15.42% to 23,415 shares.
- Everpure reported quarterly EPS of $0.70, beating the $0.19 consensus estimate, while revenue rose 37.7% year over year to $1.19 billion.
- Analysts maintain a “Moderate Buy” consensus with a $143.25 target price, although the stock’s high valuation—about 192 times earnings and a 5.18 PEG ratio—remains a significant risk.
Everpure, Inc. (NYSE:P - Get Free Report) Director Andrew Brown sold 4,268 shares of Everpure stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $156.03, for a total transaction of $665,936.04. Following the transaction, the director directly owned 23,415 shares in the company, valued at $3,653,442.45. This trade represents a 15.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Everpure Stock Up 1.1%
NYSE:P opened at $157.07 on Wednesday. The firm has a market cap of $52.34 billion, a price-to-earnings ratio of 191.74, a price-to-earnings-growth ratio of 5.18 and a beta of 1.39. The company has a 50-day moving average price of $113.14. Everpure, Inc. has a 1-year low of $56.78 and a 1-year high of $157.57.
Everpure (NYSE:P - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The business had revenue of $1.19 billion during the quarter. Everpure's revenue for the quarter was up 37.7% on a year-over-year basis. Sell-side analysts anticipate that Everpure, Inc. will post 0.95 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research firms recently commented on P. Weiss Ratings upgraded Everpure from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, September 29th. Zacks Research cut Everpure from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Evercore restated an "outperform" rating and issued a $145.00 target price on shares of Everpure in a research report on Thursday, September 24th. Morgan Stanley upped their price target on Everpure from $119.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, September 24th. Finally, Lake Street Capital upped their price target on Everpure from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Thursday, September 24th. Seventeen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Everpure currently has an average rating of "Moderate Buy" and a consensus target price of $143.25.
Get Our Latest Stock Analysis on Everpure
Institutional Investors Weigh In On Everpure
A number of institutional investors have recently made changes to their positions in the stock. JANA Partners Management LP acquired a new stake in shares of Everpure during the 2nd quarter worth about $77,939,000. Artemis Investment Management LLP boosted its holdings in Everpure by 100.1% in the third quarter. Artemis Investment Management LLP now owns 775,776 shares of the company's stock valued at $101,456,000 after purchasing an additional 388,066 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in Everpure in the second quarter valued at approximately $25,525,000. Engineers Gate Manager LP acquired a new position in Everpure in the second quarter valued at approximately $25,859,000. Finally, S&CO Inc. acquired a new position in Everpure in the second quarter valued at approximately $15,003,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.
More Everpure News
Here are the key news stories impacting Everpure this week:
- Positive Sentiment: Everpure could nearly double its profit as growth continues, offering a potential fundamental justification for the stock’s recent strength. The company’s latest quarterly revenue increased 37.7% year over year, while EPS substantially exceeded analysts’ expectations. Everpure Could Almost Double Its Profit, But Valuation Remains High
- Neutral Sentiment: Broader investor enthusiasm for AI infrastructure and data-center spending could support high-growth technology stocks, including Everpure, but the referenced article does not provide a specific new company announcement or estimate. 3 AI Infrastructure Stocks With Real Revenue Tied To Data Center Spending
- Negative Sentiment: Valuation remains a major concern: Everpure trades at roughly 215 times earnings and a PEG ratio above 5, leaving the stock vulnerable to a pullback if growth slows or expectations are missed. Everpure Could Almost Double Its Profit, But Valuation Remains High
- Negative Sentiment: Insiders disclosed additional selling. Director Andrew Brown sold 4,268 shares, reducing his position by 15.42%, while Chief Accounting Officer Mona Chu sold 5,112 shares. A separate report also cited 11,942 shares sold under a trading plan. These transactions may weigh on sentiment, although planned sales do not necessarily signal deteriorating business conditions. Everpure Director Sells Shares Under Trading Plan
Everpure Company Profile
(
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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