Everspin Technologies, Inc. (NASDAQ:MRAM - Get Free Report) VP David Schrenk sold 2,412 shares of Everspin Technologies stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $5.23, for a total value of $12,614.76. Following the completion of the transaction, the vice president now owns 103,909 shares in the company, valued at approximately $543,444.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
David Schrenk also recently made the following trade(s):
- On Wednesday, August 28th, David Schrenk sold 2,396 shares of Everspin Technologies stock. The shares were sold at an average price of $5.60, for a total value of $13,417.60.
Everspin Technologies Stock Up 0.3 %
NASDAQ MRAM opened at $6.00 on Friday. The stock has a market cap of $129.13 million, a PE ratio of 16.22 and a beta of 0.90. The business has a 50 day moving average price of $5.72 and a two-hundred day moving average price of $6.48. Everspin Technologies, Inc. has a fifty-two week low of $4.89 and a fifty-two week high of $10.50.
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Everspin Technologies (NASDAQ:MRAM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported ($0.12) EPS for the quarter, hitting analysts' consensus estimates of ($0.12). The firm had revenue of $10.64 million for the quarter. Everspin Technologies had a net margin of 2.92% and a return on equity of 3.16%.
Hedge Funds Weigh In On Everspin Technologies
A number of institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC raised its holdings in Everspin Technologies by 17.0% in the second quarter. Acadian Asset Management LLC now owns 835,824 shares of the business services provider's stock valued at $5,003,000 after acquiring an additional 121,717 shares in the last quarter. GSA Capital Partners LLP grew its stake in Everspin Technologies by 4.1% in the first quarter. GSA Capital Partners LLP now owns 70,840 shares of the business services provider's stock worth $561,000 after purchasing an additional 2,764 shares in the last quarter. Herald Investment Management Ltd increased its holdings in Everspin Technologies by 41.7% in the second quarter. Herald Investment Management Ltd now owns 474,817 shares of the business services provider's stock valued at $2,835,000 after buying an additional 139,817 shares during the last quarter. Jump Financial LLC raised its stake in Everspin Technologies by 55.9% during the fourth quarter. Jump Financial LLC now owns 28,899 shares of the business services provider's stock valued at $261,000 after buying an additional 10,357 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Everspin Technologies by 70.4% during the fourth quarter. Victory Capital Management Inc. now owns 25,535 shares of the business services provider's stock valued at $231,000 after buying an additional 10,547 shares in the last quarter. 44.68% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on MRAM. Needham & Company LLC reaffirmed a "buy" rating and set a $8.00 price target on shares of Everspin Technologies in a research report on Thursday, August 1st. StockNews.com downgraded shares of Everspin Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, July 25th.
Check Out Our Latest Report on Everspin Technologies
Everspin Technologies Company Profile
(
Get Free Report)
Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.
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