Everpure, Inc. (NYSE:PSTG) Receives $94.53 Average PT from Brokerages

Everpure, Inc. (NYSE:PSTG) has been assigned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are covering the company, Marketbeat.com reports. One 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 twelve-month target price among analysts that have updated their coverage on the stock in the last year is $93.2105.

Several brokerages recently weighed in on PSTG. Wedbush restated an “outperform” rating and set a $100.00 target price on shares of Everpure in a research note on Monday, February 23rd. JPMorgan Chase & Co. lowered their price target on Everpure from $105.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Wells Fargo & Company dropped their price target on Everpure from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. UBS Group upped their price objective on shares of Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a report on Thursday, February 26th. Finally, Citigroup decreased their price objective on shares of Everpure from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th.

Everpure Stock Down 0.1%

NYSE:PSTG opened at $67.76 on Wednesday. The stock has a market capitalization of $22.39 billion, a price-to-earnings ratio of 123.21, a PEG ratio of 5.06 and a beta of 1.34. Everpure has a 52 week low of $39.72 and a 52 week high of $100.59. The firm has a 50 day moving average of $65.07 and a 200 day moving average of $74.23.

Everpure (NYSE:PSTG) last released its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.69 earnings per share (EPS) 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 net margin of 5.14% and a return on equity of 14.36%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 earnings per share. As a group, analysts expect that Everpure will post 0.44 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PSTG. Louisiana State Employees Retirement System purchased a new position in Everpure in the 1st quarter worth $5,367,000. Fiduciary Alliance LLC grew its stake in Everpure by 23.9% during the 1st quarter. Fiduciary Alliance LLC now owns 13,875 shares of the technology company’s stock valued at $900,000 after purchasing an additional 2,675 shares during the last quarter. MBM Wealth Consultants LLC increased its holdings in shares of Everpure by 6.8% in the first quarter. MBM Wealth Consultants LLC now owns 12,146 shares of the technology company’s stock valued at $717,000 after purchasing an additional 776 shares during the period. Fifth Third Wealth Advisors LLC raised its stake in shares of Everpure by 4.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 10,154 shares of the technology company’s stock worth $599,000 after purchasing an additional 429 shares during the last quarter. Finally, OP Asset Management Ltd purchased a new position in shares of Everpure in the first quarter worth about $1,785,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Everpure Company Profile

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.