Citigroup Inc. restated their buy rating on shares of AquaVenture Holdings Ltd (NASDAQ:WAAS) in a research report sent to investors on Monday. The firm currently has a $21.00 target price on the stock, down from their prior target price of $24.00.
Several other analysts have also recently commented on WAAS. Deutsche Bank AG reissued a buy rating and set a $25.00 price target (down from $27.00) on shares of AquaVenture Holdings in a research note on Thursday, August 10th. Canaccord Genuity reaffirmed a buy rating and issued a $23.00 price objective (down from $28.00) on shares of AquaVenture Holdings in a research note on Thursday, August 10th. Finally, BidaskClub cut shares of AquaVenture Holdings from a hold rating to a sell rating in a research note on Wednesday, September 13th. One investment 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 company. The stock currently has an average rating of Buy and an average target price of $23.00.
Shares of AquaVenture Holdings (NASDAQ WAAS) opened at 13.75 on Monday. AquaVenture Holdings has a 52-week low of $12.52 and a 52-week high of $26.33. The firm has a 50-day moving average price of $14.08 and a 200-day moving average price of $14.08. The firm’s market capitalization is $363.45 million.
AquaVenture Holdings (NASDAQ:WAAS) last released its quarterly earnings results on Wednesday, August 9th. The company reported ($0.21) EPS 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. AquaVenture Holdings’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts anticipate that AquaVenture Holdings will post ($0.93) EPS for the current year.
COPYRIGHT VIOLATION NOTICE: “Citigroup Inc. Reaffirms Buy Rating for AquaVenture Holdings Ltd (WAAS)” was reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.com-unik.info/2017/10/12/citigroup-inc-reaffirms-buy-rating-for-aquaventure-holdings-ltd-waas.html.
In other AquaVenture Holdings news, CEO Douglas R. Brown acquired 14,018 shares of AquaVenture Holdings stock in a transaction on Friday, September 22nd. The shares were purchased at an average cost of $14.36 per share, with a total value of $201,298.48. Following the completion of the purchase, the chief executive officer now owns 1,484,042 shares in the company, valued at $21,310,843.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas R. Brown acquired 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, for a total transaction of $354,464.14. Following the completion of the purchase, the chief executive officer now owns 1,452,845 shares of the company’s stock, valued at approximately $21,298,707.70. The disclosure for this purchase can be found here.
A number of hedge funds have recently made changes to their positions in the business. Ardsley Advisory Partners boosted its stake in AquaVenture Holdings by 121.1% in the second quarter. Ardsley Advisory Partners now owns 33,158 shares of the company’s stock valued at $504,000 after acquiring an additional 18,158 shares during the last quarter. Ecofin Ltd. boosted its stake in AquaVenture Holdings by 1.3% in the second quarter. Ecofin Ltd. now owns 1,008,338 shares of the company’s stock valued at $15,357,000 after acquiring an additional 13,192 shares during the last quarter. California State Teachers Retirement System boosted its stake in AquaVenture Holdings by 39.5% in the second quarter. California State Teachers Retirement System now owns 20,500 shares of the company’s stock valued at $312,000 after acquiring an additional 5,800 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in AquaVenture Holdings in the second quarter valued at approximately $271,000. Finally, The Manufacturers Life Insurance Company boosted its stake in AquaVenture Holdings by 61.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,336 shares of the company’s stock valued at $173,000 after acquiring an additional 4,324 shares during the last quarter.
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.
What are top analysts saying about AquaVenture Holdings Ltd? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for AquaVenture Holdings Ltd and related companies.