NewEdge Advisors LLC initiated a new position in Everpure, Inc. by purchasing 26,518 shares. The investment is valued at approximately $2.09 million according to a recent SEC Form 13F filing. Institutional investors now collectively own 83.42% of the data storage and management company.
Everpure recently reported quarterly earnings of $0.70 per share. This result significantly outperformed the consensus analyst estimate of $0.19. Quarterly revenue increased 37.7% year-over-year. Total revenue for the period reached $1.19 billion.
Analysts maintain a Moderate Buy consensus rating on the stock. The average price target for the company is $129.10. Everpure continues to show strong performance despite recent market volatility.