BidaskClub Lowers AquaVenture Holdings Ltd (WAAS) to Sell
BidaskClub downgraded shares of AquaVenture Holdings Ltd (NASDAQ:WAAS) from a hold rating to a sell rating in a research note published on Wednesday.
Other research analysts also recently issued research reports about the stock. Deutsche Bank AG reiterated a buy rating and issued a $25.00 price target (down previously from $27.00) on shares of AquaVenture Holdings in a research note on Thursday, August 10th. Canaccord Genuity reiterated a buy rating and issued a $23.00 price target (down previously from $28.00) on shares of AquaVenture Holdings in a research note on Thursday, August 10th. Finally, Zacks Investment Research cut shares of AquaVenture Holdings from a hold rating to a sell rating in a report on Tuesday, May 16th. Two analysts have rated the stock with a sell rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $25.83.
AquaVenture Holdings (NASDAQ WAAS) opened at 14.46 on Wednesday. AquaVenture Holdings has a 1-year low of $14.44 and a 1-year high of $26.33. The company’s market cap is $382.22 million. The company’s 50 day moving average is $14.84 and its 200 day moving average is $15.57.
AquaVenture Holdings (NASDAQ:WAAS) last issued its quarterly earnings results on Wednesday, August 9th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). AquaVenture Holdings had a negative return on equity of 6.11% and a negative net margin of 18.49%. The firm had revenue of $29.00 million during the quarter, compared to analysts’ expectations of $30.91 million. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities research analysts forecast that AquaVenture Holdings will post ($0.88) EPS for the current year.
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In other AquaVenture Holdings news, CEO Douglas R. Brown bought 24,179 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average cost of $14.66 per share, with a total value of $354,464.14. Following the acquisition, the chief executive officer now directly owns 1,452,845 shares of the company’s stock, valued at approximately $21,298,707.70. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Several institutional investors have recently made changes to their positions in WAAS. Teachers Advisors LLC acquired a new position in shares of AquaVenture Holdings in the 4th quarter valued at $2,033,000. Wells Fargo & Company MN increased its holdings in shares of AquaVenture Holdings by 271.9% in the 1st quarter. Wells Fargo & Company MN now owns 9,438 shares of the company’s stock valued at $161,000 after acquiring an additional 6,900 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of AquaVenture Holdings by 66.9% in the 1st quarter. Bank of New York Mellon Corp now owns 29,964 shares of the company’s stock valued at $511,000 after acquiring an additional 12,007 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of AquaVenture Holdings by 20.3% in the 1st quarter. Ameriprise Financial Inc. now owns 175,196 shares of the company’s stock valued at $2,991,000 after acquiring an additional 29,526 shares during the period. Finally, SG Americas Securities LLC acquired a new position in AquaVenture Holdings in the 1st quarter valued at $228,000.
About AquaVenture Holdings
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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