Global Water Resources, Inc. (GWRS) Given a $11.00 Price Target by Roth Capital Analysts

Global Water Resources, Inc. (NASDAQ:GWRS) has been assigned a $11.00 price objective by stock analysts at Roth Capital in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the utilities provider’s stock. Roth Capital’s price target suggests a potential upside of 16.53% from the stock’s current price.

Separately, Zacks Investment Research upgraded Global Water Resources from a “sell” rating to a “hold” rating in a research note on Monday, April 17th.

Shares of Global Water Resources (NASDAQ GWRS) opened at 9.44 on Wednesday. The company’s market cap is $184.84 million. Global Water Resources has a 12-month low of $7.50 and a 12-month high of $10.00. The firm’s 50-day moving average price is $9.69 and its 200 day moving average price is $9.01.

Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.02. The company had revenue of $8.15 million for the quarter, compared to analysts’ expectations of $7.90 million. Global Water Resources had a net margin of 5.05% and a return on equity of 10.14%. On average, analysts predict that Global Water Resources will post $0.10 earnings per share for the current year.

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In other news, Director L Rita Theil sold 25,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $9.23, for a total transaction of $230,750.00. Following the sale, the director now directly owns 2,666 shares in the company, valued at approximately $24,607.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William S. Levine bought 20,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were acquired at an average price of $8.55 per share, for a total transaction of $171,000.00. The disclosure for this purchase can be found here. Insiders have bought a total of 20,501 shares of company stock worth $175,824 over the last 90 days.

Several large investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB acquired a new stake in Global Water Resources during the second quarter worth approximately $773,000. Manchester Capital Management LLC acquired a new stake in Global Water Resources during the first quarter worth approximately $432,000. HighTower Advisors LLC acquired a new stake in Global Water Resources during the first quarter worth approximately $171,000. Bard Associates Inc. boosted its stake in Global Water Resources by 8.7% in the first quarter. Bard Associates Inc. now owns 201,325 shares of the utilities provider’s stock worth $1,752,000 after buying an additional 16,100 shares during the period. Finally, North Star Investment Management Corp. boosted its stake in Global Water Resources by 11.2% in the second quarter. North Star Investment Management Corp. now owns 104,275 shares of the utilities provider’s stock worth $1,032,000 after buying an additional 10,500 shares during the period. Hedge funds and other institutional investors own 16.77% of the company’s stock.

About Global Water Resources

Global Water Resources, Inc is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. The Company focuses on the issues of water supply and scarcity, and applies principles of water conservation through water reclamation and reuse.

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