AquaVenture Holdings Ltd (NASDAQ:WAAS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

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. “

Several other equities analysts also recently issued reports on WAAS. Canaccord Genuity restated a “buy” rating and set a $23.00 price objective (down previously from $28.00) on shares of AquaVenture Holdings in a report on Thursday, August 10th. Citigroup Inc. restated a “buy” rating and set a $21.00 price objective (down previously from $24.00) on shares of AquaVenture Holdings in a report on Monday. BidaskClub downgraded shares of AquaVenture Holdings from a “sell” rating to a “strong sell” rating in a report on Thursday, September 28th. Royal Bank Of Canada restated a “buy” rating and set a $19.00 price objective on shares of AquaVenture Holdings in a report on Wednesday. Finally, Deutsche Bank AG restated a “buy” rating and set a $25.00 price objective (down previously from $27.00) on shares of AquaVenture Holdings in a report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, four have given a buy rating and two have given a strong buy rating to the stock. AquaVenture Holdings has a consensus rating of “Buy” and a consensus price target of $23.00.

Shares of AquaVenture Holdings (NASDAQ WAAS) opened at 13.75 on Thursday. The stock has a 50 day moving average of $14.08 and a 200-day moving average of $14.08. The company’s market capitalization is $363.45 million. AquaVenture Holdings has a 52 week low of $12.52 and a 52 week high of $26.33.

AquaVenture Holdings (NASDAQ:WAAS) last posted its quarterly earnings data 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 18.49% and a negative return on equity of 6.11%. The company had revenue of $29.00 million for the quarter, compared to analyst estimates of $30.91 million. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts anticipate that AquaVenture Holdings will post ($0.93) EPS for the current year.

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

A number of large investors have recently modified their holdings of the stock. Ardsley Advisory Partners increased its holdings in AquaVenture Holdings by 121.1% in the 2nd quarter. Ardsley Advisory Partners now owns 33,158 shares of the company’s stock worth $504,000 after buying an additional 18,158 shares during the period. Ecofin Ltd. increased its holdings in AquaVenture Holdings by 1.3% in the 2nd quarter. Ecofin Ltd. now owns 1,008,338 shares of the company’s stock worth $15,357,000 after buying an additional 13,192 shares during the period. California State Teachers Retirement System increased its holdings in AquaVenture Holdings by 39.5% in the 2nd quarter. California State Teachers Retirement System now owns 20,500 shares of the company’s stock worth $312,000 after buying an additional 5,800 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in AquaVenture Holdings in the 2nd quarter worth approximately $271,000. Finally, The Manufacturers Life Insurance Company increased its holdings in AquaVenture Holdings by 61.7% in 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.

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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Analyst Recommendations for AquaVenture Holdings (NASDAQ:WAAS)

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