ValuEngine upgraded shares of AquaVenture (NYSE:WAAS) from a sell rating to a hold rating in a research report report published on Friday morning.

Several other analysts also recently commented on the company. Royal Bank Of Canada reiterated a buy rating and set a $19.00 target price on shares of AquaVenture in a research note on Wednesday, October 11th. Zacks Investment Research downgraded AquaVenture from a hold rating to a sell rating in a research note on Thursday, October 12th. BidaskClub upgraded AquaVenture from a strong sell rating to a sell rating in a research note on Thursday, November 2nd. Citigroup reiterated a buy rating and set a $21.00 target price (down from $24.00) on shares of AquaVenture in a research note on Monday, October 9th. Finally, Deutsche Bank reiterated a buy rating and set a $25.00 target price (down from $27.00) on shares of AquaVenture in a research note on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. AquaVenture currently has an average rating of Buy and a consensus target price of $22.00.

Shares of AquaVenture (WAAS) traded down $0.04 on Friday, reaching $15.29. The company’s stock had a trading volume of 82,740 shares, compared to its average volume of 87,979. The company has a current ratio of 5.94, a quick ratio of 5.60 and a debt-to-equity ratio of 0.47. AquaVenture has a 1-year low of $10.87 and a 1-year high of $26.33.

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

In other news, CEO Douglas R. Brown purchased 14,018 shares of the stock in a transaction dated Friday, September 22nd. The shares were purchased at an average cost of $14.36 per share, with a total value of $201,298.48. Following the acquisition, the chief executive officer now directly owns 1,484,042 shares of the company’s stock, valued at $21,310,843.12. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 55.90% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Highbridge Capital Management LLC lifted its holdings in shares of AquaVenture by 32.6% during the 3rd quarter. Highbridge Capital Management LLC now owns 21,646 shares of the company’s stock valued at $292,000 after buying an additional 5,325 shares during the period. Elk Creek Partners LLC lifted its holdings in shares of AquaVenture by 2.2% during the 3rd quarter. Elk Creek Partners LLC now owns 546,701 shares of the company’s stock valued at $7,380,000 after buying an additional 11,896 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in AquaVenture by 57.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 54,978 shares of the company’s stock worth $743,000 after purchasing an additional 19,953 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in AquaVenture in the 3rd quarter worth $260,000. Finally, SG Americas Securities LLC raised its holdings in AquaVenture by 75.9% in the 3rd quarter. SG Americas Securities LLC now owns 27,218 shares of the company’s stock worth $367,000 after purchasing an additional 11,743 shares during the period. 36.78% of the stock is currently owned by hedge funds and other institutional investors.

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AquaVenture Company Profile

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 (NYSE:WAAS)

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