AquaVenture Holdings Ltd (NASDAQ:WAAS) CEO Douglas R. Brown acquired 24,179 shares of the stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of $14.66 per share, with a total value of $354,464.14. Following the completion of the purchase, the chief executive officer now owns 1,452,845 shares of the company’s stock, valued at $21,298,707.70. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

AquaVenture Holdings Ltd (NASDAQ WAAS) traded down 0.20% during trading on Tuesday, hitting $14.76. The stock had a trading volume of 51,691 shares. The company’s market capitalization is $390.06 million. The stock’s 50-day moving average price is $15.58 and its 200-day moving average price is $16.81. AquaVenture Holdings Ltd has a 1-year low of $14.27 and a 1-year high of $26.33.

AquaVenture Holdings (NASDAQ:WAAS) last released its earnings results on Wednesday, August 9th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.07. AquaVenture Holdings had a negative net margin of 21.12% and a negative return on equity of 6.72%. The business had revenue of $29 million for the quarter, compared to analysts’ expectations of $30.91 million. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts expect that AquaVenture Holdings Ltd will post ($0.88) earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in the company. FMR LLC raised its position in shares of AquaVenture Holdings by 9.7% in the second quarter. FMR LLC now owns 1,596,853 shares of the company’s stock worth $24,321,000 after buying an additional 140,650 shares during the last quarter. TimesSquare Capital Management LLC raised its position in shares of AquaVenture Holdings by 15.1% in the first quarter. TimesSquare Capital Management LLC now owns 1,301,500 shares of the company’s stock worth $22,217,000 after buying an additional 171,200 shares during the last quarter. Ecofin Ltd. raised its position in shares of AquaVenture Holdings by 79.1% in the first quarter. Ecofin Ltd. now owns 995,146 shares of the company’s stock worth $16,987,000 after buying an additional 439,445 shares during the last quarter. Wellington Management Group LLP raised its position in shares of AquaVenture Holdings by 61.2% in the first quarter. Wellington Management Group LLP now owns 726,511 shares of the company’s stock worth $12,402,000 after buying an additional 275,899 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of AquaVenture Holdings by 44.3% in the second quarter. Alliancebernstein L.P. now owns 571,708 shares of the company’s stock worth $8,707,000 after buying an additional 175,460 shares during the last quarter.

Several brokerages have recently commented on WAAS. Canaccord Genuity reissued a “buy” rating and issued a $23.00 price objective (down from $28.00) on shares of AquaVenture Holdings in a research note on Thursday, August 10th. Zacks Investment Research downgraded AquaVenture Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $25.00 target price (down from $27.00) on shares of AquaVenture Holdings in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.83.

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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