Investment analysts at Roth Capital began coverage on shares of AquaVenture (NYSE:WAAS) in a research report issued on Friday, Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $24.00 price target on the stock. Roth Capital’s target price points to a potential upside of 22.76% from the stock’s previous close.
A number of other research analysts have also recently commented on the company. Zacks Investment Research cut AquaVenture from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. ValuEngine raised AquaVenture from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 6th. Finally, Citigroup set a $26.00 target price on AquaVenture and gave the company a “buy” rating in a research note on Thursday, February 28th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $25.88.
Shares of AquaVenture stock traded up $0.74 during trading on Friday, hitting $19.55. The stock had a trading volume of 506 shares, compared to its average volume of 73,530. The stock has a market cap of $528.49 million, a P/E ratio of -25.15 and a beta of 0.83. AquaVenture has a 12 month low of $14.38 and a 12 month high of $23.35. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.22 and a current ratio of 2.60.
AquaVenture (NYSE:WAAS) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.01. The firm had revenue of $46.60 million for the quarter, compared to analysts’ expectations of $45.63 million. AquaVenture had a negative net margin of 12.62% and a negative return on equity of 5.98%. The business’s quarterly revenue was up 43.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.24) earnings per share. Sell-side analysts predict that AquaVenture will post -0.75 earnings per share for the current year.
In other AquaVenture news, Director Evan Lovell sold 2,200 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $19.19, for a total transaction of $42,218.00. Following the completion of the sale, the director now directly owns 7,617 shares in the company, valued at $146,170.23. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 53.30% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of WAAS. Vanguard Group Inc. increased its stake in shares of AquaVenture by 9.9% in the 3rd quarter. Vanguard Group Inc. now owns 642,156 shares of the company’s stock valued at $11,604,000 after purchasing an additional 57,978 shares during the last quarter. Rhumbline Advisers increased its stake in shares of AquaVenture by 44.1% in the 4th quarter. Rhumbline Advisers now owns 15,431 shares of the company’s stock valued at $291,000 after purchasing an additional 4,719 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in shares of AquaVenture in the 4th quarter valued at $1,564,000. Monarch Partners Asset Management LLC increased its stake in shares of AquaVenture by 530.3% in the 4th quarter. Monarch Partners Asset Management LLC now owns 256,294 shares of the company’s stock valued at $4,841,000 after purchasing an additional 215,629 shares during the last quarter. Finally, Marathon Capital Management bought a new position in shares of AquaVenture in the 4th quarter valued at $808,000. Institutional investors and hedge funds own 34.54% of the company’s stock.
AquaVenture Company Profile
AquaVenture Holdings Limited provides water-as-a-service solutions in North America, the Caribbean, and South America. The company operates in two segments, Seven Seas Water and Quench. It offers desalination, wastewater treatment, and water reuse solutions to governmental, municipal, industrial, property developer, and hospitality customers; and point-of-use (POU) filtered water systems and related services to approximately 50,000 institutional and commercial customers.
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