AquaVenture Holdings Ltd (NASDAQ:WAAS) Director Evan Lovell purchased 6,300 shares of AquaVenture Holdings stock in a transaction that occurred on Friday, May 12th. The shares were acquired at an average price of $16.06 per share, with a total value of $101,178.00. Following the acquisition, the director now directly owns 6,300 shares of the company’s stock, valued at approximately $101,178. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of AquaVenture Holdings Ltd (WAAS) traded down 3.84% during midday trading on Friday, reaching $15.53. 612,696 shares of the company’s stock traded hands. The firm’s market cap is $410.12 million. AquaVenture Holdings Ltd has a 12 month low of $14.30 and a 12 month high of $26.33. The stock has a 50-day moving average price of $16.88 and a 200 day moving average price of $18.80.
AquaVenture Holdings (NASDAQ:WAAS) last released its earnings results on Tuesday, May 9th. The company reported ($0.23) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.23). AquaVenture Holdings had a negative net margin of 21.12% and a negative return on equity of 6.72%. The firm had revenue of $29.01 million during the quarter, compared to the consensus estimate of $29.93 million. AquaVenture Holdings’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts predict that AquaVenture Holdings Ltd will post ($0.81) earnings per share for the current year.
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Several brokerages have issued reports on WAAS. Raymond James Financial, Inc. upgraded shares of AquaVenture Holdings from an “outperform” rating to a “strong-buy” rating in a research report on Thursday, February 23rd. They noted that the move was a valuation call. Royal Bank of Canada cut their price objective on shares of AquaVenture Holdings from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, March 13th. Zacks Investment Research downgraded shares of AquaVenture Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Finally, Canaccord Genuity restated a “buy” rating and set a $28.00 price objective on shares of AquaVenture Holdings in a research report on Thursday, May 18th. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. AquaVenture Holdings has a consensus rating of “Buy” and an average target price of $27.00.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WAAS. Ecofin Ltd. bought a new position in AquaVenture Holdings during the fourth quarter worth $13,631,000. State Street Corp bought a new position in AquaVenture Holdings during the fourth quarter worth $2,041,000. Federated Investors Inc. PA acquired a new position in AquaVenture Holdings during the fourth quarter valued at approximately $3,341,000. FMR LLC acquired a new position in AquaVenture Holdings during the fourth quarter valued at approximately $36,753,000. Finally, Teachers Advisors LLC acquired a new position in AquaVenture Holdings during the fourth quarter valued at approximately $2,033,000.
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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