Shares of AquaVenture Holdings Ltd (NASDAQ:WAAS) have received an average rating of “Buy” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $22.00.

WAAS has been the topic of several recent analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $19.00 target price on shares of AquaVenture Holdings in a report on Wednesday, October 11th. Zacks Investment Research cut AquaVenture Holdings from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Citigroup Inc. reissued a “buy” rating and set a $21.00 target price (down previously from $24.00) on shares of AquaVenture Holdings in a report on Monday, October 9th. Deutsche Bank AG reissued a “buy” rating and set a $25.00 target price (down previously from $27.00) on shares of AquaVenture Holdings in a report on Thursday, August 10th. Finally, BidaskClub cut AquaVenture Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th.

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

A number of institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its position in AquaVenture Holdings by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 22,511 shares of the company’s stock worth $385,000 after buying an additional 1,026 shares during the last quarter. Principal Financial Group Inc. grew its position in AquaVenture Holdings by 0.4% in the first quarter. Principal Financial Group Inc. now owns 303,432 shares of the company’s stock worth $5,180,000 after buying an additional 1,271 shares during the last quarter. Penn Capital Management Co. Inc. grew its position in AquaVenture Holdings by 1.1% in the second quarter. Penn Capital Management Co. Inc. now owns 142,204 shares of the company’s stock worth $2,166,000 after buying an additional 1,505 shares during the last quarter. SG Americas Securities LLC grew its position in AquaVenture Holdings by 15.6% in the second quarter. SG Americas Securities LLC now owns 15,475 shares of the company’s stock worth $236,000 after buying an additional 2,090 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in AquaVenture Holdings by 61.7% in the second 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 last quarter.

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AquaVenture Holdings (NASDAQ:WAAS) traded up 6.29% during midday trading on Thursday, hitting $12.17. The company had a trading volume of 269,527 shares. AquaVenture Holdings has a 12-month low of $10.87 and a 12-month high of $26.33. The company’s 50 day moving average is $13.59 and its 200 day moving average is $13.59. The stock’s market cap is $321.69 million.

AquaVenture Holdings (NASDAQ:WAAS) last announced its earnings results on Wednesday, August 9th. The company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $30.91 million. AquaVenture Holdings’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that AquaVenture Holdings will post ($0.93) EPS for the current fiscal year.

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.

Analyst Recommendations for AquaVenture Holdings (NASDAQ:WAAS)

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