AquaVenture Holdings Ltd (NASDAQ:WAAS)‘s stock had its “buy” rating restated by Royal Bank Of Canada in a research report issued to clients and investors on Wednesday. They currently have a $19.00 price target on the stock. Royal Bank Of Canada’s target price points to a potential upside of 46.27% from the stock’s previous close.

WAAS has been the subject of several other reports. Citigroup Inc. reissued a “buy” rating and issued a $21.00 price objective (down from $24.00) on shares of AquaVenture Holdings in a research report on Monday. BidaskClub lowered AquaVenture Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, September 13th. Canaccord Genuity reissued a “buy” rating and issued a $23.00 price objective (down from $28.00) on shares of AquaVenture Holdings in a research report on Thursday, August 10th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $25.00 target price (down from $27.00) on shares of AquaVenture Holdings in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $23.00.

AquaVenture Holdings (NASDAQ WAAS) traded up 5.974% during midday trading on Wednesday, hitting $13.766. The stock had a trading volume of 88,257 shares. The company’s market capitalization is $363.89 million. AquaVenture Holdings has a 52 week low of $12.52 and a 52 week high of $26.33. The company’s 50-day moving average price is $14.10 and its 200 day moving average price is $14.10.

AquaVenture Holdings (NASDAQ:WAAS) last announced its earnings results on Wednesday, August 9th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.07). AquaVenture Holdings had a negative return on equity of 6.11% and a negative net margin of 18.49%. The company had revenue of $29.00 million for the quarter, compared to the consensus estimate of $30.91 million. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. On average, analysts expect that AquaVenture Holdings will post ($0.93) EPS for the current year.

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In other news, CEO Douglas R. Brown bought 24,179 shares of AquaVenture Holdings stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of $14.66 per share, for a total transaction of $354,464.14. Following the purchase, the chief executive officer now directly owns 1,452,845 shares in the company, valued at approximately $21,298,707.70. 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 bought 14,018 shares of AquaVenture Holdings stock in a transaction dated Friday, September 22nd. The stock was purchased 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 owns 1,484,042 shares in the company, valued at $21,310,843.12. The disclosure for this purchase can be found here.

Hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. acquired a new position in AquaVenture Holdings during the 4th quarter valued at about $127,000. Wells Fargo & Company MN boosted its stake in AquaVenture Holdings by 271.9% during the 1st quarter. Wells Fargo & Company MN now owns 9,438 shares of the company’s stock valued at $161,000 after purchasing an additional 6,900 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in AquaVenture Holdings during the 1st quarter valued at about $176,000. The Manufacturers Life Insurance Company boosted its stake in AquaVenture Holdings by 61.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,336 shares of the company’s stock valued at $173,000 after purchasing an additional 4,324 shares during the last quarter. Finally, Rhumbline Advisers acquired a new position in AquaVenture Holdings during the 2nd quarter valued at about $182,000.

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.

Analyst Recommendations for AquaVenture Holdings (NASDAQ:WAAS)

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