AquaVenture Holdings Limited (NASDAQ:WAAS) posted its earnings results on Thursday. The company reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.06), Briefing.com reports. AquaVenture Holdings Limited had a negative return on equity of 6.11% and a negative net margin of 18.49%. The firm had revenue of $29.90 million during the quarter, compared to analyst estimates of $30.63 million. The company’s revenue was up 3.5% compared to the same quarter last year.

Shares of AquaVenture Holdings Limited (NASDAQ:WAAS) traded up $0.96 during trading hours on Friday, hitting $14.49. 177,601 shares of the company were exchanged, compared to its average volume of 118,949. AquaVenture Holdings Limited has a fifty-two week low of $10.87 and a fifty-two week high of $26.33.

A number of brokerages recently commented on WAAS. Canaccord Genuity restated a “buy” rating and set a $23.00 price objective (down from $28.00) on shares of AquaVenture Holdings Limited in a report on Thursday, August 10th. BidaskClub lowered shares of AquaVenture Holdings Limited from a “sell” rating to a “strong sell” rating in a report on Thursday, September 28th. Zacks Investment Research lowered shares of AquaVenture Holdings Limited from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Royal Bank Of Canada restated a “buy” rating and set a $19.00 price objective on shares of AquaVenture Holdings Limited in a report on Wednesday, October 11th. Finally, Deutsche Bank AG restated a “buy” rating and set a $25.00 price objective (down from $27.00) on shares of AquaVenture Holdings Limited in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. AquaVenture Holdings Limited currently has a consensus rating of “Buy” and an average price target of $22.00.

In related news, CEO Douglas R. Brown acquired 14,018 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were acquired at an average cost of $14.36 per share, for a total transaction of $201,298.48. Following the completion of the acquisition, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas R. Brown purchased 24,179 shares of the stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $14.66 per share, for a total transaction of $354,464.14. Following the completion of the purchase, the chief executive officer now directly owns 1,452,845 shares in the company, valued at approximately $21,298,707.70. The disclosure for this purchase can be found here.

A number of hedge funds have recently modified their holdings of the business. California State Teachers Retirement System increased its stake in AquaVenture Holdings Limited by 39.5% in the 2nd quarter. California State Teachers Retirement System now owns 20,500 shares of the company’s stock valued at $312,000 after buying an additional 5,800 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in AquaVenture Holdings Limited by 61.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,336 shares of the company’s stock valued at $173,000 after buying an additional 4,324 shares during the last quarter. Finally, State Street Corp increased its stake in AquaVenture Holdings Limited by 23.3% in the 2nd quarter. State Street Corp now owns 122,069 shares of the company’s stock valued at $1,861,000 after buying an additional 23,062 shares during the last quarter.

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About AquaVenture Holdings Limited

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.

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