AquaVenture Holdings Ltd (NASDAQ:WAAS)‘s stock had its “buy” rating reissued by stock analysts at Citigroup Inc. in a report issued on Monday. They presently have a $21.00 price target on the stock, down from their previous price target of $24.00. Citigroup Inc.’s price target points to a potential upside of 55.21% from the stock’s current price.

Several other analysts also recently weighed in on the stock. BidaskClub downgraded shares of AquaVenture Holdings from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 28th. Canaccord Genuity reaffirmed a “buy” rating and set a $23.00 price target (down previously from $28.00) on shares of AquaVenture Holdings in a research note on Thursday, August 10th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $25.00 price target (down previously from $27.00) on shares of AquaVenture Holdings in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $24.40.

AquaVenture Holdings (WAAS) traded down 2.10% on Monday, hitting $13.53. The company’s stock had a trading volume of 66,808 shares. The firm has a 50 day moving average of $14.18 and a 200 day moving average of $14.18. The firm’s market cap is $357.64 million. AquaVenture Holdings has a 12 month low of $13.27 and a 12 month high of $26.33.

AquaVenture Holdings (NASDAQ:WAAS) last posted its quarterly earnings results on Wednesday, August 9th. The company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $29.00 million for the quarter, compared to the consensus estimate of $30.91 million. The firm’s 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.

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In other AquaVenture Holdings news, CEO Douglas R. Brown acquired 14,018 shares of AquaVenture Holdings stock in a transaction that occurred on Friday, September 22nd. The stock was bought at an average price of $14.36 per share, with a total value of $201,298.48. Following the completion of the purchase, the chief executive officer now directly owns 1,484,042 shares of the company’s stock, valued at approximately $21,310,843.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas R. Brown acquired 24,179 shares of AquaVenture Holdings stock in a transaction that occurred 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 purchase, the chief executive officer now directly owns 1,452,845 shares of the company’s stock, valued at $21,298,707.70. The disclosure for this purchase can be found here.

A number of large investors have recently modified their holdings of WAAS. Wells Fargo & Company MN raised its stake in 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 in the last quarter. Bank of New York Mellon Corp raised its stake in AquaVenture Holdings by 66.9% in the first quarter. Bank of New York Mellon Corp now owns 29,964 shares of the company’s stock worth $511,000 after buying an additional 12,007 shares in the last quarter. Ameriprise Financial Inc. raised its stake in AquaVenture Holdings by 20.3% in the first quarter. Ameriprise Financial Inc. now owns 175,196 shares of the company’s stock worth $2,991,000 after buying an additional 29,526 shares in the last quarter. SG Americas Securities LLC bought a new position in AquaVenture Holdings in the first quarter worth approximately $228,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in AquaVenture Holdings in the first quarter worth approximately $176,000.

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.

Analyst Recommendations for AquaVenture Holdings (NASDAQ:WAAS)

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