AquaVenture Holdings Ltd (NASDAQ:WAAS) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 8th. Analysts expect AquaVenture Holdings to post earnings of ($0.23) per share for the quarter.

AquaVenture Holdings (NASDAQ:WAAS) last posted its quarterly earnings results on Wednesday, August 9th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). AquaVenture Holdings had a negative net margin of 18.49% and a negative return on equity of 6.11%. The business had revenue of $29.00 million during the quarter, compared to the consensus estimate of $30.91 million. The business’s revenue was up 2.5% on a year-over-year basis.

AquaVenture Holdings Ltd (WAAS) traded up $0.16 on Monday, reaching $12.76. The company had a trading volume of 5,366 shares, compared to its average volume of 120,313. AquaVenture Holdings Ltd has a twelve month low of $10.87 and a twelve month high of $26.33.

In related news, CEO Douglas R. Brown acquired 24,179 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average price of $14.66 per share, with a total value of $354,464.14. Following the transaction, the chief executive officer now owns 1,452,845 shares of the company’s stock, valued at approximately $21,298,707.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas R. Brown acquired 14,018 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were bought at an average cost of $14.36 per share, with a total value of $201,298.48. Following the transaction, the chief executive officer now directly owns 1,484,042 shares in the company, valued at approximately $21,310,843.12. The disclosure for this purchase can be found here.

Large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its position in shares of AquaVenture Holdings by 61.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,336 shares of the company’s stock worth $173,000 after purchasing an additional 4,324 shares during the period. California State Teachers Retirement System boosted its position in shares of AquaVenture Holdings by 39.5% during the 2nd quarter. California State Teachers Retirement System now owns 20,500 shares of the company’s stock worth $312,000 after purchasing an additional 5,800 shares during the period. Finally, State Street Corp boosted its position in shares of AquaVenture Holdings by 23.3% during the 2nd quarter. State Street Corp now owns 122,069 shares of the company’s stock worth $1,861,000 after purchasing an additional 23,062 shares during the period.

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A number of analysts have commented on the stock. BidaskClub upgraded shares of AquaVenture Holdings from a “strong sell” rating to a “sell” rating in a report on Thursday. Canaccord Genuity reiterated a “buy” rating and issued a $23.00 price objective (down previously from $28.00) on shares of AquaVenture Holdings in a report on Thursday, August 10th. Deutsche Bank AG reiterated a “buy” rating and issued a $25.00 price objective (down previously from $27.00) on shares of AquaVenture Holdings in a report on Thursday, August 10th. Citigroup Inc. reiterated a “buy” rating and issued a $21.00 price objective (down previously from $24.00) on shares of AquaVenture Holdings in a report on Monday, October 9th. Finally, Zacks Investment Research downgraded shares of AquaVenture Holdings from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, four have given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $22.00.

AquaVenture Holdings 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.

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