AquaVenture Holdings Ltd (NASDAQ:WAAS) has received a consensus recommendation of “Buy” from the seven research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $25.25.
WAAS has been the subject of several recent analyst reports. Zacks Investment Research downgraded AquaVenture Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Canaccord Genuity reissued a “buy” rating and issued a $28.00 price target on shares of AquaVenture Holdings in a report on Thursday, May 18th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $25.00 price target (down previously from $27.00) on shares of AquaVenture Holdings in a report on Thursday.
In other news, CEO Douglas R. Brown bought 16,500 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average price of $16.72 per share, with a total value of $275,880.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,435,845 shares of the company’s stock, valued at approximately $24,007,328.40. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas R. Brown bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were purchased at an average cost of $17.05 per share, with a total value of $170,500.00. Following the acquisition, the chief executive officer now directly owns 1,445,845 shares of the company’s stock, valued at $24,651,657.25. The disclosure for this purchase can be found here.
Several large investors have recently added to or reduced their stakes in WAAS. Macquarie Group Ltd. purchased a new stake in AquaVenture Holdings during the fourth quarter worth approximately $127,000. Wells Fargo & Company MN increased its stake in AquaVenture Holdings by 271.9% in the first quarter. Wells Fargo & Company MN now owns 9,438 shares of the company’s stock worth $161,000 after buying an additional 6,900 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in AquaVenture Holdings during the first quarter worth approximately $176,000. Rhumbline Advisers purchased a new stake in AquaVenture Holdings during the second quarter worth approximately $182,000. Finally, New York State Common Retirement Fund increased its stake in AquaVenture Holdings by 93.9% in the second quarter. New York State Common Retirement Fund now owns 12,800 shares of the company’s stock worth $195,000 after buying an additional 6,199 shares during the period.
AquaVenture Holdings (NASDAQ:WAAS) traded down 4.03% during trading on Friday, reaching $14.54. 65,713 shares of the company’s stock traded hands. AquaVenture Holdings has a one year low of $14.27 and a one year high of $26.33. The company has a 50 day moving average of $15.62 and a 200 day moving average of $16.88. The firm’s market cap is $384.25 million.
AquaVenture Holdings (NASDAQ:WAAS) last issued its quarterly earnings results on Wednesday, August 9th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.14) by $0.07. The business had revenue of $29 million during the quarter, compared to analyst estimates of $30.91 million. AquaVenture Holdings had a negative return on equity of 6.72% and a negative net margin of 21.12%. AquaVenture Holdings’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts predict that AquaVenture Holdings will post ($0.88) EPS for the current year.
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AquaVenture Holdings Company Profile
AquaVenture Holdings Limited is a multinational provider of Water-as-a-Service solutions. The Company’s segments are Seven Seas Water and Quench. The Seven Seas Water segment provides outsourced desalination solutions and wastewater treatment for governmental, municipal, industrial and hospitality customers.
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