Latest Stocks: AquaVenture Holdings Ltd (WAAS) Given Consensus Recommendation of “Buy” by Analysts

Latest Stocks: AquaVenture Holdings Ltd (WAAS) Given Consensus Recommendation of “Buy” by Analysts

AquaVenture Holdings Ltd (NASDAQ:WAAS) has received a consensus recommendation of “Buy” from the six analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $27.00.

WAAS has been the topic of several recent analyst reports. Canaccord Genuity reiterated a “buy” rating and set a $28.00 target price on shares of AquaVenture Holdings in a research note on Thursday, May 18th. Zacks Investment Research downgraded AquaVenture Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Royal Bank of Canada dropped their price target on AquaVenture Holdings from $27.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, March 13th. Finally, Raymond James Financial, Inc. upgraded AquaVenture Holdings from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, February 23rd. They noted that the move was a valuation call.

AquaVenture Holdings (NASDAQ:WAAS) opened at 17.19 on Tuesday. The firm has a 50-day moving average price of $17.31 and a 200 day moving average price of $19.15. AquaVenture Holdings has a 52-week low of $14.30 and a 52-week high of $26.33. The stock’s market cap is $453.95 million. AquaVenture Holdings (NASDAQ:WAAS) last issued its earnings results on Tuesday, May 9th. The company reported ($0.23) EPS for the quarter, meeting the consensus estimate of ($0.23). The business had revenue of $29.01 million for the quarter, compared to analysts’ expectations of $29.93 million. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts forecast that AquaVenture Holdings will post ($0.81) earnings per share for the current fiscal year.

AquaVenture Holdings (NASDAQ:WAAS) opened at 17.19 on Tuesday. The firm has a 50-day moving average price of $17.31 and a 200 day moving average price of $19.15. AquaVenture Holdings has a 52-week low of $14.30 and a 52-week high of $26.33. The stock’s market cap is $453.95 million. In related news, Director Evan Lovell bought 6,300 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were bought at an average cost of $16.06 per share, with a total value of $101,178.00. Following the acquisition, the director now owns 6,300 shares in the company, valued at $101,178. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas R. Brown bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was bought at an average cost of $17.05 per share, for a total transaction of $170,500.00. Following the completion of the acquisition, the chief executive officer now owns 1,445,845 shares in the company, valued at approximately $24,651,657.25. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 32,800 shares of company stock worth $547,558.

Institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its position 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 buying an additional 1,026 shares in the last quarter. Principal Financial Group Inc. boosted its position 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 buying an additional 1,271 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of AquaVenture Holdings during the fourth quarter worth approximately $127,000. Wells Fargo & Company MN boosted its position in shares of 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. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of AquaVenture Holdings during the first quarter worth approximately $176,000. AquaVenture Holdings Company Profile

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