AquaVenture Holdings Ltd (WAAS) Rating Reiterated by Canaccord Genuity
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.
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.
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