AquaVenture (WAAS) Upgraded to Hold by ValuEngine

ValuEngine upgraded shares of AquaVenture (NYSE:WAAS) from a sell rating to a hold rating in a research report sent to investors on Friday.

A number of other research firms also recently issued reports on WAAS. Deutsche Bank reissued a buy rating and issued a $25.00 price target (down from $27.00) on shares of AquaVenture in a research note on Thursday, August 10th. Canaccord Genuity reissued a buy rating and issued a $23.00 price target (down from $28.00) on shares of AquaVenture in a research note on Thursday, August 10th. BidaskClub downgraded shares of AquaVenture from a hold rating to a sell rating in a research note on Wednesday, September 13th. Zacks Investment Research raised shares of AquaVenture from a sell rating to a hold rating in a research note on Wednesday, November 15th. Finally, Citigroup reissued a buy rating and issued a $21.00 price target (down from $24.00) on shares of AquaVenture in a research note on Monday, October 9th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $22.00.

Shares of AquaVenture (WAAS) traded up $0.09 during mid-day trading on Friday, reaching $15.38. 29,300 shares of the company’s stock were exchanged, compared to its average volume of 112,739. The company has a current ratio of 5.94, a quick ratio of 5.60 and a debt-to-equity ratio of 0.47. AquaVenture has a one year low of $10.87 and a one year high of $26.33.

AquaVenture (NYSE:WAAS) last issued its earnings results on Thursday, November 9th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.06). AquaVenture had a negative return on equity of 7.38% and a negative net margin of 22.56%. The firm had revenue of $29.90 million for the quarter, compared to analysts’ expectations of $30.63 million. The firm’s revenue was up 3.5% compared to the same quarter last year. research analysts anticipate that AquaVenture will post -0.97 EPS for the current fiscal year.

In other AquaVenture news, CEO Douglas R. Brown acquired 14,018 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was purchased at an average price of $14.36 per share, for a total transaction of $201,298.48. Following the completion of the acquisition, the chief executive officer now owns 1,484,042 shares of the company’s stock, valued at approximately $21,310,843.12. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 55.90% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. grew its holdings in shares of AquaVenture by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 22,511 shares of the company’s stock valued at $385,000 after purchasing an additional 1,026 shares in the last quarter. Penn Capital Management Co. Inc. grew its holdings in shares of AquaVenture by 1.1% in the second quarter. Penn Capital Management Co. Inc. now owns 142,204 shares of the company’s stock valued at $2,166,000 after purchasing an additional 1,505 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of AquaVenture by 15.6% in the second quarter. SG Americas Securities LLC now owns 15,475 shares of the company’s stock valued at $236,000 after purchasing an additional 2,090 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of AquaVenture by 61.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,336 shares of the company’s stock valued at $173,000 after purchasing an additional 4,324 shares in the last quarter. Finally, Highbridge Capital Management LLC grew its holdings in shares of AquaVenture by 32.6% in the third quarter. Highbridge Capital Management LLC now owns 21,646 shares of the company’s stock valued at $292,000 after purchasing an additional 5,325 shares in the last quarter. Hedge funds and other institutional investors own 36.78% of the company’s stock.

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AquaVenture 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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