Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Shares Acquired by IPG Investment Advisors LLC

IPG Investment Advisors LLC raised its holdings in shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) by 161.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,050 shares of the company’s stock after buying an additional 18,550 shares during the period. IPG Investment Advisors LLC owned about 0.54% of Eco Wave Power Global AB (publ) worth $331,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC bought a new stake in shares of Eco Wave Power Global AB (publ) during the 4th quarter worth $30,000. Catalina Capital Group LLC lifted its holdings in shares of Eco Wave Power Global AB (publ) by 22.2% during the fourth quarter. Catalina Capital Group LLC now owns 23,338 shares of the company’s stock valued at $257,000 after purchasing an additional 4,239 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Eco Wave Power Global AB (publ) in the 4th quarter valued at $330,000. Finally, Veracity Capital LLC purchased a new position in Eco Wave Power Global AB (publ) in the 4th quarter worth about $392,000. Institutional investors and hedge funds own 0.57% of the company’s stock.

Eco Wave Power Global AB (publ) Stock Performance

Shares of WAVE stock opened at $6.25 on Friday. The company has a market capitalization of $34.68 million, a price-to-earnings ratio of -14.53 and a beta of -0.69. Eco Wave Power Global AB has a 1-year low of $1.01 and a 1-year high of $17.63. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $8.16 and its 200-day simple moving average is $8.63.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) last released its earnings results on Monday, March 3rd. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $0.17 million during the quarter.

Wall Street Analyst Weigh In

A number of research firms have commented on WAVE. Alliance Global Partners assumed coverage on shares of Eco Wave Power Global AB (publ) in a research note on Monday, February 3rd. They set a “buy” rating and a $14.00 price objective for the company. Maxim Group began coverage on shares of Eco Wave Power Global AB (publ) in a research report on Tuesday, March 11th. They issued a “buy” rating and a $15.00 price target for the company.

About Eco Wave Power Global AB (publ)

Eco Wave Power Global AB (publ), a wave energy company, engages in the development of a wave energy conversion (WEC) technology that converts ocean and sea waves into clean electricity. The company also holds various agreements comprising power purchase agreements, concession agreements, and other agreements worldwide with pipeline of projects with approximately 404.7 megawatts.