Everpure (NYSE:PSTG) Price Target Lowered to $80.00 at JPMorgan Chase & Co.

Everpure (NYSE:PSTG) had its price target trimmed by JPMorgan Chase & Co. from $105.00 to $80.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

Several other equities analysts have also commented on the company. UBS Group upped their target price on Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a report on Thursday, February 26th. Citigroup lowered their target price on Everpure from $105.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everpure in a report on Thursday, January 22nd. Wedbush reiterated an “outperform” rating and set a $100.00 price objective on shares of Everpure in a research report on Monday, February 23rd. Finally, Piper Sandler reiterated a “buy” rating on shares of Everpure in a research report on Thursday, February 26th. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $93.21.

Everpure Trading Up 4.3%

NYSE:PSTG opened at $67.69 on Thursday. The firm has a market capitalization of $22.37 billion, a PE ratio of 123.08, a price-to-earnings-growth ratio of 4.84 and a beta of 1.34. The stock has a 50 day moving average of $65.39 and a 200-day moving average of $74.76. Everpure has a 52 week low of $39.72 and a 52 week high of $100.59.

Everpure (NYSE:PSTG) last posted its earnings results on Wednesday, February 25th. The technology company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.65 by $0.04. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The business’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 earnings per share. As a group, analysts predict that Everpure will post 0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Everpure

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Diversified Trust Co boosted its position in shares of Everpure by 65.4% during the first quarter. Diversified Trust Co now owns 39,147 shares of the technology company’s stock worth $2,311,000 after buying an additional 15,486 shares during the period. Pure Financial Advisors LLC lifted its position in Everpure by 4.0% in the fourth quarter. Pure Financial Advisors LLC now owns 22,529 shares of the technology company’s stock worth $1,510,000 after purchasing an additional 861 shares during the period. SHP Wealth Management acquired a new stake in Everpure in the fourth quarter worth approximately $36,000. Reflection Asset Management acquired a new stake in Everpure in the fourth quarter worth approximately $32,000. Finally, Tobam lifted its position in Everpure by 66.8% in the fourth quarter. Tobam now owns 20,882 shares of the technology company’s stock worth $1,399,000 after purchasing an additional 8,363 shares during the period. 83.42% of the stock is currently owned by institutional investors and hedge funds.

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.