AquaVenture Holdings Ltd (NASDAQ:WAAS) issued its earnings results on Wednesday. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.07, MarketWatch Earnings reports. AquaVenture Holdings had a negative return on equity of 6.72% and a negative net margin of 21.12%. The company had revenue of $29 million during the quarter, compared to analysts’ expectations of $30.91 million. The business’s quarterly revenue was up 2.5% compared to the same quarter last year.

Shares of AquaVenture Holdings (NASDAQ:WAAS) traded down 1.80% on Wednesday, hitting $15.79. 148,631 shares of the stock traded hands. AquaVenture Holdings has a one year low of $14.27 and a one year high of $26.33. The stock has a 50 day moving average of $15.66 and a 200 day moving average of $17.04. The company’s market cap is $416.98 million.

In related news, CEO Douglas R. Brown purchased 10,000 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was acquired at an average cost of $17.05 per share, for a total transaction of $170,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,445,845 shares in the company, valued at $24,651,657.25. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas R. Brown purchased 16,500 shares of the company’s stock in a transaction on Monday, May 15th. The shares were bought at an average price of $16.72 per share, with a total value of $275,880.00. Following the completion of the transaction, the chief executive officer now owns 1,435,845 shares of the company’s stock, valued at $24,007,328.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 32,800 shares of company stock valued at $547,558.

Several large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. acquired a new position in shares of AquaVenture Holdings during the fourth quarter worth $127,000. Wells Fargo & Company MN increased its position in shares of AquaVenture Holdings by 271.9% in the first 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 in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of AquaVenture Holdings during the first quarter worth $176,000. Rhumbline Advisers acquired a new position in shares of AquaVenture Holdings during the second quarter worth $182,000. Finally, SG Americas Securities LLC acquired a new position in shares of AquaVenture Holdings during the first quarter worth $228,000.

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Several equities research analysts recently issued reports on WAAS shares. Canaccord Genuity restated a “buy” rating and issued a $28.00 target price on shares of AquaVenture Holdings in a report on Thursday, May 18th. Zacks Investment Research cut shares of AquaVenture Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. One analyst has rated the stock with a sell rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $27.00.

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.

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