AquaVenture Holdings’ (WAAS) “Buy” Rating Reaffirmed at Citigroup Inc.
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.
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