AquaVenture Holdings Ltd. (NYSE:WAAS) has received an average rating of “Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $22.00.

A number of analysts have commented on the company. Deutsche Bank AG restated a “buy” rating and issued a $25.00 price target (down previously from $27.00) on shares of AquaVenture Holdings in a research report on Thursday, August 10th. Canaccord Genuity restated a “buy” rating and issued a $23.00 price target (down previously from $28.00) on shares of AquaVenture Holdings in a research report on Thursday, August 10th. Zacks Investment Research upgraded AquaVenture Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. BidaskClub upgraded AquaVenture Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $19.00 price target on shares of AquaVenture Holdings in a research report on Wednesday, October 11th.

In related news, CEO Douglas R. Brown purchased 14,018 shares of AquaVenture Holdings stock in a transaction on Friday, September 22nd. The stock was acquired at an average price of $14.36 per share, for a total transaction of $201,298.48. Following the completion of the transaction, the chief executive officer now directly owns 1,484,042 shares in the company, valued at approximately $21,310,843.12. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 55.90% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of AquaVenture Holdings by 95.1% during the first quarter. Vanguard Group Inc. now owns 402,808 shares of the company’s stock worth $6,876,000 after purchasing an additional 196,300 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of AquaVenture Holdings by 44.3% during the second quarter. Alliancebernstein L.P. now owns 571,708 shares of the company’s stock worth $8,707,000 after purchasing an additional 175,460 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of AquaVenture Holdings during the second quarter worth about $2,652,000. FMR LLC grew its position in shares of AquaVenture Holdings by 9.7% during the second quarter. FMR LLC now owns 1,596,853 shares of the company’s stock worth $24,321,000 after purchasing an additional 140,650 shares in the last quarter. Finally, GCA Investment Management LLC grew its position in shares of AquaVenture Holdings by 28.5% during the second quarter. GCA Investment Management LLC now owns 239,489 shares of the company’s stock worth $3,647,000 after purchasing an additional 53,100 shares in the last quarter. Institutional investors and hedge funds own 38.82% of the company’s stock.

Shares of AquaVenture Holdings (NYSE:WAAS) traded up $0.15 on Monday, reaching $15.58. The company’s stock had a trading volume of 73,800 shares, compared to its average volume of 114,115. The company has a debt-to-equity ratio of 0.47, a current ratio of 5.94 and a quick ratio of 5.60. AquaVenture Holdings has a fifty-two week low of $10.87 and a fifty-two week high of $26.33.

AquaVenture Holdings (NYSE:WAAS) last issued its quarterly earnings results on Thursday, November 9th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.06). The company had revenue of $29.90 million during the quarter, compared to analysts’ expectations of $30.63 million. AquaVenture Holdings had a negative return on equity of 7.38% and a negative net margin of 22.56%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. research analysts anticipate that AquaVenture Holdings will post -0.97 earnings per share for the current fiscal year.

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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 (NYSE:WAAS)

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