Shares of AquaVenture Holdings Ltd (NYSE:WAAS) have earned an average rating of “Buy” from the ten research firms that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $26.13.
Several equities analysts have recently commented on WAAS shares. B. Riley boosted their target price on shares of AquaVenture from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 19th. Citigroup set a $26.00 target price on shares of AquaVenture and gave the stock a “buy” rating in a report on Thursday, February 28th. Lake Street Capital boosted their target price on shares of AquaVenture to $34.00 and gave the stock a “buy” rating in a report on Wednesday, December 19th. ValuEngine raised shares of AquaVenture from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 6th. Finally, Zacks Investment Research raised shares of AquaVenture from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a report on Saturday, January 12th.
A number of institutional investors and hedge funds have recently made changes to their positions in WAAS. First Trust Advisors LP bought a new stake in AquaVenture in the third quarter worth $4,421,000. BlackRock Inc. increased its position in AquaVenture by 1.4% in the third quarter. BlackRock Inc. now owns 449,484 shares of the company’s stock worth $8,122,000 after purchasing an additional 6,371 shares during the last quarter. FMR LLC increased its position in AquaVenture by 76.8% in the third quarter. FMR LLC now owns 27,629 shares of the company’s stock worth $499,000 after purchasing an additional 12,001 shares during the last quarter. Dimensional Fund Advisors LP increased its position in AquaVenture by 176.0% in the third quarter. Dimensional Fund Advisors LP now owns 202,670 shares of the company’s stock worth $3,662,000 after purchasing an additional 129,237 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in AquaVenture by 73.8% in the third quarter. GSA Capital Partners LLP now owns 47,807 shares of the company’s stock worth $864,000 after purchasing an additional 20,301 shares during the last quarter. Institutional investors own 34.29% of the company’s stock.
AquaVenture (NYSE:WAAS) last released its earnings results on Wednesday, February 27th. The company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.02. AquaVenture had a negative net margin of 14.31% and a negative return on equity of 6.14%. The firm had revenue of $41.80 million for the quarter, compared to the consensus estimate of $38.72 million. During the same quarter in the previous year, the firm earned ($0.25) earnings per share. The company’s quarterly revenue was up 29.4% compared to the same quarter last year. On average, equities research analysts predict that AquaVenture will post -0.66 EPS for the current fiscal year.
AquaVenture Holdings Ltd. engages in the provision of water purification services. It operates through Seven Seas Water and Quench segments. The Seven Seas Water segment delivers treated bulk water to governmental, municipal, industrial, and hospitality customers. The Quench segment focuses in the rental and servicing of POU water filtration systems and related equipment, such as ice and sparkling water machines, and from the contracted maintenance of customer-owned equipment.
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