AquaVenture Holdings Ltd (WAAS) Receives Buy Rating from Deutsche Bank AG

AquaVenture Holdings Ltd (NASDAQ:WAAS)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank AG in a research report issued to clients and investors on Thursday. They currently have a $25.00 price target on the stock, down from their previous price target of $27.00. Deutsche Bank AG’s price target would indicate a potential upside of 65.02% from the stock’s current price.

Several other brokerages also recently weighed in on WAAS. Canaccord Genuity reaffirmed a “buy” rating and set a $28.00 target price on shares of AquaVenture Holdings in a research note on Thursday, May 18th. Zacks Investment Research downgraded shares of AquaVenture Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $25.83.

Shares of AquaVenture Holdings (WAAS) traded down 4.17% during trading on Thursday, reaching $15.15. 90,891 shares of the company traded hands. The firm’s 50 day moving average price is $15.70 and its 200-day moving average price is $16.94. The company’s market capitalization is $400.08 million. AquaVenture Holdings has a 52 week low of $14.27 and a 52 week high of $26.33.

AquaVenture Holdings (NASDAQ:WAAS) last announced its 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. AquaVenture Holdings had a negative return on equity of 6.72% and a negative net margin of 21.12%. The business had revenue of $29 million for the quarter, compared to analysts’ expectations of $30.91 million. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts anticipate that AquaVenture Holdings will post ($0.85) EPS for the current fiscal year.

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In related news, Director Evan Lovell bought 6,300 shares of the stock in a transaction dated Friday, May 12th. The stock was acquired at an average price of $16.06 per share, for a total transaction of $101,178.00. Following the acquisition, the director now owns 6,300 shares in the company, valued at approximately $101,178. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas R. Brown bought 10,000 shares of the stock in a transaction dated Wednesday, May 24th. The stock was bought at an average price of $17.05 per share, with a total value of $170,500.00. Following the acquisition, the chief executive officer now owns 1,445,845 shares in the company, valued at approximately $24,651,657.25. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 32,800 shares of company stock worth $547,558.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. bought a new position in shares of AquaVenture Holdings during the fourth quarter valued at about $127,000. Wells Fargo & Company MN boosted its stake in shares of 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 in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of AquaVenture Holdings during the first quarter worth $176,000. Rhumbline Advisers acquired a new stake in shares of AquaVenture Holdings during the second quarter worth $182,000. Finally, SG Americas Securities LLC acquired a new stake in shares of AquaVenture Holdings during the first quarter worth $228,000.

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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