Everspin Tech (NASDAQ:MRAM) Shares Gap Down – Time to Sell?

Everspin Tech (NASDAQ:MRAM)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $33.35, but opened at $31.00. Everspin Tech shares last traded at $30.1640, with a volume of 1,565,333 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wall Street Zen downgraded shares of Everspin Tech from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a research report on Friday, March 27th. Finally, Needham & Company LLC lifted their target price on shares of Everspin Tech from $14.00 to $18.50 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $18.50.

Everspin Tech Price Performance

The company has a fifty day moving average of $15.81 and a 200 day moving average of $12.25. The firm has a market capitalization of $678.64 million, a P/E ratio of 2,896.90 and a beta of 1.75.

Everspin Tech (NASDAQ:MRAM) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.11 earnings per share (EPS) for the quarter. Everspin Tech had a net margin of 0.50% and a return on equity of 4.78%. The firm had revenue of $14.87 million for the quarter, compared to the consensus estimate of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Insider Activity

In other news, CFO William Earl Cooper sold 11,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $21.75, for a total value of $239,250.00. Following the sale, the chief financial officer directly owned 161,030 shares of the company’s stock, valued at approximately $3,502,402.50. This represents a 6.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sanjeev Aggarwal sold 28,459 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $19.58, for a total transaction of $557,227.22. Following the completion of the sale, the chief executive officer directly owned 819,422 shares in the company, valued at approximately $16,044,282.76. This represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 139,011 shares of company stock valued at $3,947,342. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Everspin Tech

A number of institutional investors have recently modified their holdings of MRAM. Herald Investment Management Ltd lifted its position in shares of Everspin Tech by 18.5% during the 3rd quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider’s stock valued at $7,416,000 after acquiring an additional 125,000 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Everspin Tech during the 3rd quarter valued at $433,000. Thompson Davis & CO. Inc. acquired a new position in shares of Everspin Tech during the 3rd quarter valued at $131,000. State of Wyoming acquired a new position in shares of Everspin Tech during the 1st quarter valued at $189,000. Finally, Fortitude Advisory Group L.L.C. acquired a new position in shares of Everspin Tech during the 1st quarter valued at $99,000. 44.68% of the stock is owned by institutional investors.

Everspin Tech Company Profile

Everspin Technologies, Inc (NASDAQ: MRAM) is a semiconductor company specializing in the design, development and marketing of magnetoresistive random access memory (MRAM) solutions. Established in 2008 as a spin-out from Freescale Semiconductor, the company pioneered commercial MRAM products and continues to advance the technology through successive generations, including Toggle MRAM and spin-transfer torque (STT) MRAM. Everspin’s non-volatile memory devices offer a unique combination of performance, endurance and data retention for a variety of applications.

The company’s product portfolio includes discrete MRAM chips, embedded MRAM IP for integration into system-on-chip (SoC) designs and companion devices that leverage MRAM’s fast write speeds and low power consumption.