BidaskClub downgraded shares of AquaVenture Holdings Ltd (NASDAQ:WAAS) from a hold rating to a sell rating in a research note published on Wednesday.

Other research analysts also recently issued research reports about the stock. Deutsche Bank AG reiterated a buy rating and issued a $25.00 price target (down previously from $27.00) on shares of AquaVenture Holdings in a research note on Thursday, August 10th. Canaccord Genuity reiterated a buy rating and issued a $23.00 price target (down previously from $28.00) on shares of AquaVenture Holdings in a research note on Thursday, August 10th. Finally, Zacks Investment Research cut shares of AquaVenture Holdings from a hold rating to a sell rating in a report on Tuesday, May 16th. 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. The company currently has an average rating of Buy and an average target price of $25.83.

AquaVenture Holdings (NASDAQ WAAS) opened at 14.46 on Wednesday. AquaVenture Holdings has a 1-year low of $14.44 and a 1-year high of $26.33. The company’s market cap is $382.22 million. The company’s 50 day moving average is $14.84 and its 200 day moving average is $15.57.

AquaVenture Holdings (NASDAQ:WAAS) last issued its quarterly earnings results on Wednesday, August 9th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). AquaVenture Holdings had a negative return on equity of 6.11% and a negative net margin of 18.49%. The firm had revenue of $29.00 million during the quarter, compared to analysts’ expectations of $30.91 million. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities research analysts forecast that AquaVenture Holdings will post ($0.88) EPS for the current year.

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In other AquaVenture Holdings news, CEO Douglas R. Brown bought 24,179 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average cost of $14.66 per share, with a total value of $354,464.14. Following the acquisition, the chief executive officer now directly owns 1,452,845 shares of the company’s stock, valued at approximately $21,298,707.70. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Several institutional investors have recently made changes to their positions in WAAS. Teachers Advisors LLC acquired a new position in shares of AquaVenture Holdings in the 4th quarter valued at $2,033,000. Wells Fargo & Company MN increased its holdings in shares of AquaVenture Holdings by 271.9% in the 1st quarter. Wells Fargo & Company MN now owns 9,438 shares of the company’s stock valued at $161,000 after acquiring an additional 6,900 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of AquaVenture Holdings by 66.9% in the 1st quarter. Bank of New York Mellon Corp now owns 29,964 shares of the company’s stock valued at $511,000 after acquiring an additional 12,007 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of AquaVenture Holdings by 20.3% in the 1st quarter. Ameriprise Financial Inc. now owns 175,196 shares of the company’s stock valued at $2,991,000 after acquiring an additional 29,526 shares during the period. Finally, SG Americas Securities LLC acquired a new position in AquaVenture Holdings in the 1st quarter valued at $228,000.

About AquaVenture Holdings

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 (NASDAQ:WAAS)

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