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

Key Points

• Everpure reached a new 52-week high after Susquehanna upgraded the stock to “Positive” and raised its price target from $85 to $120. Shares traded as high as $102.20, while analysts overall maintain a “Moderate Buy” consensus with an average target of $98.30.
• The company reported strong operating momentum, with quarterly revenue rising 35.2% year over year to $1.05 billion and EPS of $0.47 exceeding estimates. A new design win with a second top-five hyperscaler further supports demand for its storage and data-management technology.
• Insiders have been selling shares: company insiders sold about 327,800 shares worth $25.8 million over the past 90 days. Despite positive institutional ownership and analyst sentiment, the stock’s elevated valuation—including a P/E ratio of 148.5—leaves it sensitive to execution and future growth.

Everpure, Inc. (NYSE:P - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday after Susquehanna upgraded the stock from a neutral rating to a positive rating. Susquehanna now has a $120.00 price target on the stock, up from their previous price target of $85.00. 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.

Other research analysts also recently issued research reports about the stock. Wedbush boosted their target price on shares of Everpure from $100.00 to $105.00 and gave the company an "outperform" rating in a research report on Thursday, May 28th. DA Davidson set a $100.00 price target on shares of Everpure in a report on Wednesday, July 1st. Guggenheim lifted their price target on shares of Everpure from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, May 28th. Zacks Research lowered shares of Everpure from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. raised their target price on Everpure from $80.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, May 28th. Fifteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Everpure currently has a consensus rating of "Moderate Buy" and an average price target of $98.30.

Insider Buying and Selling at Everpure

In other Everpure news, Director Andrew William Fraser Brown sold 4,735 shares of the business's stock in a transaction on 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 sale, the director owned 27,683 shares in the company, valued at approximately $2,008,955.31. The trade was a 14.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ajay Singh sold 9,787 shares of the company's stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total transaction of $764,560.44. Following the transaction, the insider owned 340,939 shares in the company, valued at approximately $26,634,154.68. The trade was a 2.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 327,800 shares of company stock worth $25,819,007 in the last ninety days. 5.10% of the stock is currently owned by corporate insiders.

Everpure News Summary

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Second top-five hyperscaler design win: Everpure announced a design win and supply agreement with a second top-five hyperscaler. The deal reinforces demand for the company’s storage and data-management technology, expands its hyperscaler customer base and validates its software-driven competitive position. Everpure Lands New Design Win with Second Top-Five Hyperscaler
• Positive Sentiment: Susquehanna turns bullish: Susquehanna upgraded Everpure from “Neutral” to “Positive” and raised its price target to $120 from $85. The higher target reflects increased confidence in the company’s growth prospects following its hyperscaler momentum. Everpure pops up 10%; Susquehanna upgrades to Positive rating
• Positive Sentiment: Favorable hardware-sector outlook: Morgan Stanley became more constructive on U.S. IT hardware companies, arguing that rising memory prices—or “chipflation”—are encouraging enterprises to accelerate infrastructure spending rather than postpone purchases. That view supports demand for data-center and storage suppliers such as Everpure. Analyst turns more bullish on hardware stocks as chipflation accelerates demand
• Neutral Sentiment: Everpure’s recent earnings also provide supportive context: quarterly revenue rose 35.2% year over year to $1.05 billion, while EPS exceeded analysts’ expectations. However, the stock’s elevated valuation increases sensitivity to execution and future growth.
• Negative Sentiment: An insider sold approximately $7.7 million of Everpure stock. While a single insider transaction does not establish a trend, it may weigh modestly on sentiment. Everpure Insider Sells $7.7 Million in Stock

Hedge Funds Weigh In On Everpure

A number of hedge funds have recently added to or reduced their stakes in P. State Street Corp raised its stake in shares of Everpure by 0.8% in the fourth quarter. State Street Corp now owns 10,953,501 shares of the company's stock worth $733,994,000 after purchasing an additional 88,583 shares during the last quarter. Geode Capital Management LLC grew its holdings in Everpure by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company's stock worth $515,972,000 after buying an additional 207,317 shares in the last quarter. Norges Bank bought a new stake in Everpure during the fourth quarter worth $265,327,000. Atreides Management LP purchased a new stake in Everpure in the 2nd quarter valued at $204,552,000. Finally, AQR Capital Management LLC raised its position in Everpure by 62.7% in the 4th quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company's stock valued at $228,820,000 after buying an additional 1,315,351 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company's stock.

Everpure Price Performance

The stock's 50 day simple moving average is $75.80. The company has a market cap of $32.58 billion, a price-to-earnings ratio of 148.50, a P/E/G ratio of 5.10 and a beta of 1.45.

Everpure (NYSE:P - Get Free Report) last posted its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The business's revenue was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS. Research analysts expect that Everpure, Inc. will post 0.92 EPS for the current year.

About Everpure

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.

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