BidaskClub lowered shares of AquaVenture Holdings Ltd (NASDAQ:WAAS) from a hold rating to a sell rating in a report released on Wednesday.
A number of other analysts have also recently commented on the stock. Zacks Investment Research cut shares of AquaVenture Holdings from a hold rating to a sell rating in a report on Tuesday, May 16th. Canaccord Genuity reaffirmed a buy rating and set a $28.00 target price on shares of AquaVenture Holdings in a report on Thursday, May 18th. Finally, Deutsche Bank AG reaffirmed a buy rating and set a $25.00 target price (down from $27.00) on shares of AquaVenture Holdings in a report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, four have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $25.83.
AquaVenture Holdings (NASDAQ:WAAS) opened at 14.46 on Wednesday. AquaVenture Holdings has a 12-month low of $14.44 and a 12-month high of $26.33. The company has a 50-day moving average of $14.84 and a 200 day moving average of $15.57. The company’s market capitalization is $382.22 million.
AquaVenture Holdings (NASDAQ:WAAS) last announced its earnings results on Wednesday, August 9th. The company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.07). AquaVenture Holdings had a negative net margin of 18.49% and a negative return on equity of 6.11%. The business had revenue of $29.00 million for the quarter, compared to analysts’ expectations of $30.91 million. The firm’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) earnings per share for the current fiscal year.
In other AquaVenture Holdings news, CEO Douglas R. Brown bought 24,179 shares of AquaVenture Holdings stock in a transaction on Tuesday, August 15th. The stock was acquired at an average cost of $14.66 per share, with a total value of $354,464.14. Following the completion of the acquisition, the chief executive officer now owns 1,452,845 shares in the company, valued at $21,298,707.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Several institutional investors and hedge funds have recently bought and sold shares of WAAS. Wellington Management Group LLP boosted its position in shares of AquaVenture Holdings by 61.2% in the first quarter. Wellington Management Group LLP now owns 726,511 shares of the company’s stock worth $12,402,000 after purchasing an additional 275,899 shares during the period. Elk Creek Partners LLC boosted its position in shares of AquaVenture Holdings by 65.0% in the first quarter. Elk Creek Partners LLC now owns 508,088 shares of the company’s stock worth $8,673,000 after purchasing an additional 200,122 shares during the period. Vanguard Group Inc. boosted its position in shares of AquaVenture Holdings by 95.1% in the first quarter. Vanguard Group Inc. now owns 402,808 shares of the company’s stock worth $6,876,000 after purchasing an additional 196,300 shares during the period. Alliancebernstein L.P. boosted its position in shares of AquaVenture Holdings by 44.3% in the second quarter. Alliancebernstein L.P. now owns 571,708 shares of the company’s stock worth $8,707,000 after purchasing an additional 175,460 shares during the period. Finally, First Trust Advisors LP bought a new position in shares of AquaVenture Holdings in the second quarter worth approximately $2,652,000.
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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