Everpure (NYSE:P) Sets New 52-Week High After Analyst Upgrade

Everpure, Inc. (NYSE:P)’s stock price reached a new 52-week high during trading on Tuesday after Citigroup upgraded the stock from a neutral rating to a buy rating. Citigroup now has a $118.00 price target on the stock, up from their previous price target of $90.00. Everpure traded as high as $102.20 and last traded at $98.01, with a volume of 5139969 shares traded. The stock had previously closed at $90.05.

Several other research analysts have also issued reports on P. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of Everpure in a research report on Thursday, May 28th. DA Davidson set a $100.00 price objective on Everpure in a report on Wednesday, July 1st. Northland Securities set a $90.00 price objective on Everpure in a report on Thursday, May 28th. Wedbush upped their price objective on Everpure from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Piper Sandler reissued an “overweight” rating on shares of Everpure in a report on Thursday, May 28th. Sixteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $99.70.

Insider Buying and Selling at Everpure

In related news, Director Susan J.S. Taylor sold 8,543 shares of Everpure stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $81.74, for a total transaction of $698,304.82. Following the completion of the transaction, the director directly owned 94,608 shares of the company’s stock, valued at $7,733,257.92. This trade represents a 8.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrew William Fraser Brown sold 4,735 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $72.57, for a total transaction of $343,618.95. Following the completion of the transaction, the director owned 27,683 shares in the company, valued at approximately $2,008,955.31. This trade represents a 14.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 562,985 shares of company stock worth $48,382,008 over the last ninety days. Company insiders own 5.10% of the company’s stock.

Key Stories Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Second top-five hyperscaler design win: Everpure announced a design win and multi-year supply agreement with a second top-five hyperscaler. The customer plans to use Everpure’s DirectFlash architecture across multiple storage-performance tiers in large-scale cloud data centers. Management expects the agreement to materially support revenue beginning in fiscal 2028, while the deal also validates the company’s technology for AI and other data-intensive workloads. Everpure Lands New Design Win with Second Top-Five Hyperscaler
• Positive Sentiment: Analyst upgrade and higher price target: Susquehanna upgraded Everpure from “Neutral” to “Positive” and raised its price target to $120 from $85, citing additional upside. The upgrade adds to the positive momentum surrounding the hyperscaler contract. Everpure pops up 10%; Susquehanna upgrades to Positive rating
• Positive Sentiment: Favorable infrastructure spending backdrop: Morgan Stanley said rising memory prices, or “chipflation,” could accelerate enterprise and AI infrastructure spending rather than delay it. That environment may benefit storage and data-management vendors such as Everpure. Morgan Stanley sees more upside in these stocks as chipflation worsens
• Neutral Sentiment: Valuation remains a concern: Everpure trades at a high earnings multiple, making the shares sensitive to execution, customer adoption and the timing of expected hyperscaler revenue. Investors are weighing the strong growth opportunity against substantial expectations already reflected in the stock.
• Negative Sentiment: Insider selling: Director John Colgrove sold a combined 235,185 shares for approximately $22.6 million. Both transactions were executed under a pre-arranged Rule 10b5-1 trading plan, reducing the bearish signal, and he still owns more than 6.4 million shares. SEC insider transaction filing

Institutional Investors Weigh In On Everpure

A number of large investors have recently bought and sold shares of P. Integrated Wealth Concepts LLC acquired a new position in Everpure in the first quarter worth $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Everpure by 129.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock valued at $387,000 after buying an additional 4,926 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Everpure by 109.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock valued at $50,377,000 after buying an additional 595,307 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Everpure by 4.2% in the first quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock valued at $212,000 after buying an additional 194 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Everpure by 261.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock valued at $184,000 after buying an additional 2,316 shares during the last quarter. 83.42% of the stock is currently owned by institutional investors.

Everpure Stock Performance

The business has a 50-day moving average price of $76.33. The company has a market cap of $36.38 billion, a price-to-earnings ratio of 165.84, a price-to-earnings-growth ratio of 5.54 and a beta of 1.45.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $997.88 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The company’s revenue was up 35.2% on a year-over-year basis. Research analysts predict that Everpure, Inc. will post 0.92 EPS for the current fiscal year.

Everpure Company Profile

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.