AquaVenture Holdings Ltd (NASDAQ:WAAS)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity in a report released on Thursday. They currently have a $23.00 target price on the stock, down from their previous target price of $28.00. Canaccord Genuity’s price target would suggest a potential upside of 51.82% from the company’s previous close.

WAAS has been the subject of several other reports. Zacks Investment Research cut shares of AquaVenture Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Deutsche Bank AG lowered their price objective on shares of AquaVenture Holdings from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. AquaVenture Holdings currently has a consensus rating of “Buy” and an average target price of $25.83.

AquaVenture Holdings (NASDAQ WAAS) traded down 4.17% on Thursday, hitting $15.15. The stock had a trading volume of 90,891 shares. The company’s 50-day moving average price is $15.70 and its 200 day moving average price is $16.94. The firm’s market cap is $400.08 million. AquaVenture Holdings has a one year low of $14.27 and a one year high of $26.33.

AquaVenture Holdings (NASDAQ:WAAS) last announced its quarterly earnings data on Wednesday, August 9th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.07. AquaVenture Holdings had a negative net margin of 21.12% and a negative return on equity of 6.72%. The company had revenue of $29 million for the quarter, compared to analysts’ expectations of $30.91 million. AquaVenture Holdings’s revenue was up 2.5% on a year-over-year basis. Analysts expect that AquaVenture Holdings will post ($0.85) earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This piece was first reported by Watch List News and is the property of of Watch List News. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece can be read at https://www.watchlistnews.com/canaccord-genuity-lowers-aquaventure-holdings-ltd-waas-price-target-to-23-00/1469304.html.

In other AquaVenture Holdings news, Director Evan Lovell purchased 6,300 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The stock was purchased at an average cost of $16.06 per share, with a total value of $101,178.00. Following the transaction, the director now owns 6,300 shares in the company, valued at $101,178. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas R. Brown purchased 16,500 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average cost of $16.72 per share, with a total value of $275,880.00. Following the completion of the transaction, the chief executive officer now owns 1,435,845 shares in the company, valued at approximately $24,007,328.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 32,800 shares of company stock valued at $547,558.

Hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. acquired a new stake in shares of AquaVenture Holdings during the fourth quarter worth $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 during the period. 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)

Receive News & Ratings for AquaVenture Holdings Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AquaVenture Holdings Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.