Aqua Metals Inc (NASDAQ:AQMS) – Stock analysts at Oppenheimer Holdings decreased their Q2 2017 earnings per share (EPS) estimates for shares of Aqua Metals in a report released on Thursday. Oppenheimer Holdings analyst C. Rusch now anticipates that the business services provider will post earnings of ($0.23) per share for the quarter, down from their previous estimate of ($0.19). Oppenheimer Holdings currently has a “Outperform” rating and a $34.00 target price on the stock. Oppenheimer Holdings also issued estimates for Aqua Metals’ Q3 2017 earnings at ($0.27) EPS, Q4 2017 earnings at ($0.29) EPS and FY2017 earnings at ($1.05) EPS.
Aqua Metals (NASDAQ:AQMS) last posted its earnings results on Tuesday, May 9th. The business services provider reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.08. ILLEGAL ACTIVITY NOTICE: This report was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another publication, it was copied illegally and republished in violation of US and international trademark and copyright law. The original version of this report can be viewed at https://sportsperspectives.com/2017/06/24/oppenheimer-holdings-comments-on-aqua-metals-incs-q2-2017-earnings-aqms-updated.html.
A number of other equities analysts have also commented on the stock. ValuEngine lowered shares of Aqua Metals from a “hold” rating to a “sell” rating in a research report on Saturday, May 20th. Zacks Investment Research lowered shares of Aqua Metals from a “hold” rating to a “sell” rating in a research report on Wednesday, March 15th. CIBC reaffirmed an “outperform” rating and set a $34.00 price target (up from $16.00) on shares of Aqua Metals in a research report on Monday, March 13th. National Securities assumed coverage on shares of Aqua Metals in a research report on Thursday, February 16th. They set a “buy” rating and a $25.00 price target on the stock. Finally, National Bank Financial assumed coverage on shares of Aqua Metals in a research report on Thursday, February 16th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the stock. Aqua Metals presently has a consensus rating of “Hold” and an average price target of $27.00.
Shares of Aqua Metals (NASDAQ AQMS) opened at 12.02 on Monday. The company’s market cap is $242.09 million. The company has a 50-day moving average of $14.18 and a 200-day moving average of $14.61. Aqua Metals has a 1-year low of $8.13 and a 1-year high of $22.75.
Institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. raised its position in Aqua Metals by 8.1% in the first quarter. American International Group Inc. now owns 6,678 shares of the business services provider’s stock valued at $130,000 after buying an additional 499 shares in the last quarter. Teachers Advisors LLC raised its position in Aqua Metals by 6.3% in the first quarter. Teachers Advisors LLC now owns 26,162 shares of the business services provider’s stock valued at $511,000 after buying an additional 1,548 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Aqua Metals by 34.8% in the first quarter. Oppenheimer & Co. Inc. now owns 13,733 shares of the business services provider’s stock valued at $268,000 after buying an additional 3,543 shares in the last quarter. State Street Corp raised its position in Aqua Metals by 4.4% in the fourth quarter. State Street Corp now owns 146,644 shares of the business services provider’s stock valued at $1,922,000 after buying an additional 6,163 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Aqua Metals by 38.8% in the first quarter. Russell Investments Group Ltd. now owns 49,012 shares of the business services provider’s stock valued at $958,000 after buying an additional 13,712 shares in the last quarter. 20.52% of the stock is currently owned by hedge funds and other institutional investors.
In other Aqua Metals news, major shareholder Interstate Batteries, Inc. sold 2,200 shares of the firm’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $16.48, for a total value of $36,256.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Selwyn Mould sold 20,000 shares of the firm’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $18.92, for a total transaction of $378,400.00. Following the completion of the transaction, the chief operating officer now directly owns 745,455 shares in the company, valued at $14,104,008.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 379,733 shares of company stock worth $6,489,898. Insiders own 19.70% of the company’s stock.
Aqua Metals Company Profile
Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. The Company’s AquaRefining process focuses on providing for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining uses bio-degradable aqueous solvent and an ambient temperature electro-chemical process to produce lead.
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