Aquaventure Holdings LLC (WAAS) Gets a Buy Rating from B.Riley FBR

By Carrie Williams

In a report released today, Jeff Van Sinderen from B.Riley FBR reiterated a Buy rating on Aquaventure Holdings LLC (WAASResearch Report), with a price target of $30.00. The company’s shares closed last Monday at $19.45.

According to TipRanks.com, Sinderen is a 1-star analyst with an average return of -2.5% and a 44.9% success rate. Sinderen covers the Consumer Goods sector, focusing on stocks such as Universal Electronics, Celsius Holdings Inc, and Chromadex Corp.

Aquaventure Holdings LLC has an analyst consensus of Strong Buy, with a price target consensus of $29.67.

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Based on Aquaventure Holdings LLC’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $3.48 million. In comparison, last year the company had a GAAP net loss of $2.73 million.

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AquaVenture Holdings Ltd. engages in the provision of water purification services. It operates through Seven Seas Water and Quench segments. The Seven Seas Water segment delivers treated bulk water to governmental, municipal, industrial, and hospitality customers.