AquaVenture Holdings Ltd (NASDAQ:WAAS) Given Consensus Rating of “Buy” by Analysts

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.

Analyst Recommendations for AquaVenture Holdings (NASDAQ:WAAS)

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