Shares of AquaVenture Holdings Ltd (NYSE:WAAS) have been given an average rating of “Buy” by the ten research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $22.60.

Several research analysts recently commented on WAAS shares. JMP Securities reaffirmed a “buy” rating on shares of AquaVenture in a report on Tuesday, September 18th. Zacks Investment Research downgraded shares of AquaVenture from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. TheStreet raised shares of AquaVenture from a “d” rating to a “c-” rating in a report on Monday, August 20th. ValuEngine raised shares of AquaVenture from a “hold” rating to a “buy” rating in a report on Thursday, July 5th. Finally, Lake Street Capital started coverage on shares of AquaVenture in a report on Friday, August 17th. They issued a “buy” rating and a $29.00 price objective for the company.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP purchased a new stake in AquaVenture in the 1st quarter worth approximately $174,000. Guggenheim Capital LLC lifted its stake in AquaVenture by 12.7% in the 1st quarter. Guggenheim Capital LLC now owns 86,629 shares of the company’s stock worth $1,075,000 after purchasing an additional 9,777 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in AquaVenture in the 1st quarter worth approximately $198,000. Teton Advisors Inc. purchased a new stake in AquaVenture in the 1st quarter worth approximately $143,000. Finally, Sei Investments Co. purchased a new stake in AquaVenture in the 1st quarter worth approximately $668,000. Institutional investors and hedge funds own 33.77% of the company’s stock.

WAAS traded down $0.11 on Friday, hitting $18.19. The company’s stock had a trading volume of 427,209 shares, compared to its average volume of 57,697. The company has a market cap of $483.51 million, a PE ratio of -18.56 and a beta of 1.16. AquaVenture has a 12 month low of $10.87 and a 12 month high of $18.72. The company has a current ratio of 6.17, a quick ratio of 5.74 and a debt-to-equity ratio of 0.49.

AquaVenture (NYSE:WAAS) last released its quarterly earnings data on Wednesday, August 8th. The company reported ($0.19) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.01. The company had revenue of $34.45 million during the quarter, compared to the consensus estimate of $32.64 million. AquaVenture had a negative net margin of 19.75% and a negative return on equity of 7.34%. AquaVenture’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period last year, the firm earned ($0.21) EPS. research analysts forecast that AquaVenture will post -0.83 earnings per share for the current fiscal year.

About AquaVenture

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 and wastewater treatment solutions for governmental, municipal, industrial, and hospitality customers; and point-of-use filtered water systems and related services to approximately 40,000 institutional and commercial customers.

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Analyst Recommendations for AquaVenture (NYSE:WAAS)

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