Bailard Inc. Makes New Investment in Everspin Technologies, Inc. (NASDAQ:MRAM)

Bailard Inc. purchased a new position in Everspin Technologies, Inc. (NASDAQ:MRAM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 45,732 shares of the business services provider’s stock, valued at approximately $292,000. Bailard Inc. owned approximately 0.21% of Everspin Technologies as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MRAM. Total Clarity Wealth Management Inc. purchased a new position in Everspin Technologies in the fourth quarter valued at $162,000. JPMorgan Chase & Co. boosted its stake in shares of Everspin Technologies by 49.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 58,668 shares of the business services provider’s stock valued at $346,000 after buying an additional 19,367 shares during the period. Barclays PLC grew its position in shares of Everspin Technologies by 157.9% during the third quarter. Barclays PLC now owns 52,654 shares of the business services provider’s stock worth $310,000 after buying an additional 32,240 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Everspin Technologies by 0.5% during the third quarter. Geode Capital Management LLC now owns 412,879 shares of the business services provider’s stock worth $2,437,000 after buying an additional 1,941 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Everspin Technologies in the third quarter valued at approximately $82,000. Hedge funds and other institutional investors own 44.68% of the company’s stock.

Everspin Technologies Price Performance

Shares of NASDAQ MRAM opened at $5.46 on Thursday. The business has a 50-day moving average of $6.10 and a two-hundred day moving average of $6.02. The company has a market capitalization of $119.97 million, a price-to-earnings ratio of 91.00 and a beta of 0.88. Everspin Technologies, Inc. has a 1 year low of $4.89 and a 1 year high of $8.66.

Everspin Technologies (NASDAQ:MRAM) last posted its earnings results on Wednesday, February 26th. The business services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $13.20 million for the quarter, compared to analysts’ expectations of $12.50 million. Everspin Technologies had a return on equity of 2.74% and a net margin of 2.85%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Everspin Technologies from a “buy” rating to a “hold” rating in a report on Friday, February 28th.

Everspin Technologies Company Profile

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.