Needham & Company LLC Cuts Everspin Tech (NASDAQ:MRAM) Price Target to $14.00

Everspin Tech (NASDAQ:MRAM) had its price objective cut by Needham & Company LLC from $15.00 to $14.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Several other equities research analysts have also recently commented on MRAM. Wall Street Zen cut Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.00.

Everspin Tech Price Performance

Shares of Everspin Tech stock opened at $8.76 on Thursday. The company has a market capitalization of $202.53 million, a price-to-earnings ratio of -292.00 and a beta of 0.86. Everspin Tech has a 1 year low of $4.34 and a 1 year high of $17.24. The business has a fifty day simple moving average of $11.57 and a two-hundred day simple moving average of $9.74.

Everspin Tech (NASDAQ:MRAM) last issued its quarterly earnings results on Wednesday, March 4th. The business services provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Everspin Tech had a negative return on equity of 0.90% and a negative net margin of 1.06%.The firm had revenue of $14.80 million during the quarter, compared to the consensus estimate of $14.45 million. Everspin Tech has set its Q1 2026 guidance at 0.070-0.120 EPS.

Insider Activity at Everspin Tech

In other news, CFO William Earl Cooper sold 6,807 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $12.06, for a total value of $82,092.42. Following the completion of the sale, the chief financial officer directly owned 93,193 shares in the company, valued at $1,123,907.58. This trade represents a 6.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 6.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Everspin Tech in the second quarter valued at approximately $25,000. Kestra Advisory Services LLC acquired a new position in shares of Everspin Tech during the fourth quarter worth approximately $41,000. Occudo Quantitative Strategies LP acquired a new position in shares of Everspin Tech during the second quarter worth approximately $70,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Everspin Tech in the 3rd quarter worth $82,000. Finally, Algert Global LLC acquired a new stake in Everspin Tech in the 3rd quarter valued at $102,000. 44.68% of the stock is owned by institutional investors and hedge funds.

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.