Royal Bank Of Canada reaffirmed their buy rating on shares of AquaVenture Holdings Ltd (NASDAQ:WAAS) in a research report sent to investors on Wednesday morning. They currently have a $19.00 target price on the stock.

Other research analysts have also recently issued reports about the stock. Deutsche Bank AG reiterated a buy rating and set a $25.00 price target (down from $27.00) on shares of AquaVenture Holdings in a research report on Thursday, August 10th. Canaccord Genuity reiterated a buy rating and set a $23.00 price target (down from $28.00) on shares of AquaVenture Holdings in a research report on Thursday, August 10th. BidaskClub cut shares of AquaVenture Holdings from a sell rating to a strong sell rating in a research report on Thursday, September 28th. Finally, Citigroup Inc. reiterated a buy rating and set a $21.00 price target (down from $24.00) on shares of AquaVenture Holdings in a research report on Monday. Two analysts have rated the stock with a sell rating, four have given a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $23.00.

AquaVenture Holdings (NASDAQ WAAS) traded up 0.15% during midday trading on Wednesday, reaching $13.77. 103,214 shares of the company’s stock were exchanged. AquaVenture Holdings has a 12 month low of $12.52 and a 12 month high of $26.33. The stock’s market cap is $363.98 million. The firm has a 50 day moving average of $14.08 and a 200-day moving average of $14.08.

AquaVenture Holdings (NASDAQ:WAAS) last issued its quarterly earnings results on Wednesday, August 9th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $30.91 million. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that AquaVenture Holdings will post ($0.93) earnings per share for the current year.

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In other news, CEO Douglas R. Brown bought 14,018 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were purchased at an average price of $14.36 per share, for a total transaction of $201,298.48. Following the completion of the acquisition, the chief executive officer now owns 1,484,042 shares of the company’s stock, valued at $21,310,843.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas R. Brown bought 24,179 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average price of $14.66 per share, for a total transaction of $354,464.14. Following the acquisition, the chief executive officer now directly 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.

Several institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its holdings in shares of AquaVenture Holdings by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 22,511 shares of the company’s stock worth $385,000 after purchasing an additional 1,026 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of AquaVenture Holdings by 0.4% in the first quarter. Principal Financial Group Inc. now owns 303,432 shares of the company’s stock worth $5,180,000 after purchasing an additional 1,271 shares during the last quarter. Penn Capital Management Co. Inc. grew its holdings in shares of AquaVenture Holdings by 1.1% in the second quarter. Penn Capital Management Co. Inc. now owns 142,204 shares of the company’s stock worth $2,166,000 after purchasing an additional 1,505 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of AquaVenture Holdings by 15.6% in the second quarter. SG Americas Securities LLC now owns 15,475 shares of the company’s stock worth $236,000 after purchasing an additional 2,090 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of AquaVenture Holdings by 61.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,336 shares of the company’s stock worth $173,000 after purchasing an additional 4,324 shares during the last quarter.

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.

Analyst Recommendations for AquaVenture Holdings (NASDAQ:WAAS)

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