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.
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