Everpure, Inc. (NYSE:PSTG) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analyst consensus: Everpure has an average rating of "Moderate Buy" from 19 brokerages (13 buy, 5 hold, 1 sell) with a one‑year average target price of $94.53.
• Quarterly beat: The company reported EPS of $0.69 (vs. $0.65 expected) and revenue of $1.06B (vs. $1.03B expected), with revenue up 20.4% year‑over‑year.
• Valuation and ownership: Everpure has a $21.15B market cap, a P/E of 116.37, a 52‑week range of $39.72–$100.59, and about 83.42% of shares are held by institutional investors.

Shares of Everpure, Inc. (NYSE:PSTG - Get Free Report) have received an average rating of "Moderate Buy" from the nineteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $94.5263.

A number of analysts have commented on the stock. UBS Group boosted their price target on shares of Everpure from $60.00 to $63.00 and gave the stock a "sell" rating in a research report on Thursday, February 26th. Wedbush restated an "outperform" rating and set a $100.00 price target on shares of Everpure in a research report on Monday, February 23rd. Northland Securities upgraded shares of Everpure from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $77.00 to $81.00 in a research report on Monday, March 9th. Piper Sandler reiterated a "buy" rating on shares of Everpure in a report on Thursday, February 26th. Finally, Citigroup dropped their target price on shares of Everpure from $105.00 to $90.00 and set a "buy" rating on the stock in a report on Tuesday, February 17th.

Institutional Trading of Everpure

A number of hedge funds and other institutional investors have recently made changes to their positions in PSTG. Winnow Wealth LLC bought a new stake in shares of Everpure in the 3rd quarter worth approximately $26,000. Provenance Wealth Advisors LLC bought a new stake in shares of Everpure in the 3rd quarter worth approximately $27,000. Salomon & Ludwin LLC raised its holdings in shares of Everpure by 108.2% in the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the technology company's stock worth $27,000 after purchasing an additional 199 shares in the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Everpure in the 3rd quarter worth approximately $28,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of Everpure by 287.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the technology company's stock worth $28,000 after purchasing an additional 244 shares in the last quarter. 83.42% of the stock is currently owned by institutional investors.

Everpure Trading Up 1.2%

PSTG stock opened at $64.00 on Wednesday. Everpure has a 52 week low of $39.72 and a 52 week high of $100.59. The company has a market capitalization of $21.15 billion, a price-to-earnings ratio of 116.37, a price-to-earnings-growth ratio of 4.72 and a beta of 1.34. The firm's 50-day moving average is $65.37 and its two-hundred day moving average is $74.88.

Everpure (NYSE:PSTG - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.04. Everpure had a net margin of 5.14% and a return on equity of 14.36%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm earned $0.45 EPS. Everpure's revenue was up 20.4% on a year-over-year basis. On average, equities research analysts predict that Everpure will post 0.44 earnings per share for the current year.

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.

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