Zacks Investment Research upgraded shares of AquaVenture Holdings Ltd. (NYSE:WAAS) from a sell rating to a hold rating in a research note released on Wednesday.

According to Zacks, “AquaVenture Holdings LLC is a provider of Water-as-a-Service (TM) solutions. It offers clean drinking and process water. The Company’s operating platform consists of Quench, a U.S.-based provider of Point-of-Use, filtered water systems and related services to institutional and commercial customers and Seven Seas Water, a provider of desalination and wastewater treatment solutions to governmental, municipal, industrial and hospitality customers. AquaVenture Holdings LLC is based in TAMPA, United States. “

WAAS has been the subject of several other research reports. Citigroup Inc. restated a buy rating and issued a $21.00 price objective (down previously from $24.00) on shares of AquaVenture Holdings in a research report on Monday, October 9th. BidaskClub cut shares of AquaVenture Holdings from a sell rating to a strong sell rating in a research report on Thursday, September 28th. Royal Bank Of Canada restated a buy rating and issued a $19.00 price objective on shares of AquaVenture Holdings in a research report on Wednesday, October 11th. Canaccord Genuity restated a buy rating and issued a $23.00 price objective (down previously from $28.00) on shares of AquaVenture Holdings in a research report on Thursday, August 10th. Finally, Deutsche Bank AG restated a buy rating and issued a $25.00 price objective (down previously from $27.00) on shares of AquaVenture Holdings in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $22.00.

Shares of AquaVenture Holdings (NYSE:WAAS) traded down $0.02 during mid-day trading on Wednesday, reaching $14.43. 81,600 shares of the company traded hands, compared to its average volume of 114,955. AquaVenture Holdings has a 12-month low of $10.87 and a 12-month high of $26.33. The company has a quick ratio of 3.73, a current ratio of 3.95 and a debt-to-equity ratio of 0.34.

AquaVenture Holdings (NYSE:WAAS) last announced its quarterly earnings results on Thursday, November 9th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.06). AquaVenture Holdings had a negative net margin of 22.56% and a negative return on equity of 7.34%. The firm had revenue of $29.90 million for the quarter, compared to the consensus estimate of $30.63 million. AquaVenture Holdings’s quarterly revenue was up 3.5% on a year-over-year basis. equities research analysts expect that AquaVenture Holdings will post -0.97 EPS for the current fiscal year.

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In other AquaVenture Holdings news, CEO Douglas R. Brown purchased 14,018 shares of the stock in a transaction dated Friday, September 22nd. The stock was bought at an average price of $14.36 per share, for a total transaction of $201,298.48. Following the transaction, the chief executive officer now directly owns 1,484,042 shares in the company, valued at $21,310,843.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 55.90% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Wells Fargo & Company MN grew its position in shares of AquaVenture Holdings by 271.9% during the 1st quarter. Wells Fargo & Company MN now owns 9,438 shares of the company’s stock worth $161,000 after buying an additional 6,900 shares during the period. The Manufacturers Life Insurance Company grew 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 buying an additional 4,324 shares during the period. Rhumbline Advisers acquired a new stake in shares of AquaVenture Holdings during the 2nd quarter worth approximately $182,000. New York State Common Retirement Fund grew its position in shares of AquaVenture Holdings by 93.9% during the 2nd quarter. New York State Common Retirement Fund now owns 12,800 shares of the company’s stock worth $195,000 after buying an additional 6,199 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of AquaVenture Holdings by 15.6% during the 2nd quarter. SG Americas Securities LLC now owns 15,475 shares of the company’s stock worth $236,000 after buying an additional 2,090 shares during the period. Institutional investors own 37.90% of the company’s stock.

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.

Analyst Recommendations for AquaVenture Holdings (NYSE:WAAS)

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