AquaVenture (WAAS) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of AquaVenture (NYSE:WAAS) from a hold rating to a sell rating in a research report sent to investors on Saturday, January 6th.

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. “

Other equities analysts have also issued reports about the stock. Royal Bank of Canada reiterated a buy rating and set a $19.00 target price on shares of AquaVenture in a report on Wednesday, October 11th. Citigroup reiterated a buy rating and set a $21.00 target price (down from $24.00) on shares of AquaVenture in a report on Monday, October 9th. ValuEngine raised shares of AquaVenture from a sell rating to a hold rating in a research report on Friday, December 1st. Finally, BidaskClub raised shares of AquaVenture from a sell rating to a hold rating in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $22.00.

Shares of AquaVenture (NYSE:WAAS) opened at $15.21 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 5.60 and a current ratio of 5.94. AquaVenture has a 1-year low of $10.87 and a 1-year high of $20.67. The firm has a market cap of $402.35 and a PE ratio of -15.06.

AquaVenture (NYSE:WAAS) last issued its quarterly earnings data on Thursday, November 9th. The company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $29.90 million during the quarter, compared to analysts’ expectations of $30.63 million. The business’s revenue was up 3.5% compared to the same quarter last year. research analysts predict that AquaVenture will post -0.97 EPS for the current year.

Large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its position in AquaVenture 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 purchasing an additional 4,324 shares during the period. Rhumbline Advisers bought a new stake in AquaVenture in the 2nd quarter worth approximately $182,000. New York State Common Retirement Fund grew its position in AquaVenture by 93.9% in the 2nd quarter. New York State Common Retirement Fund now owns 12,800 shares of the company’s stock worth $195,000 after purchasing an additional 6,199 shares during the period. SG Americas Securities LLC grew its position in AquaVenture by 15.6% in the 2nd quarter. SG Americas Securities LLC now owns 15,475 shares of the company’s stock worth $236,000 after purchasing an additional 2,090 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in AquaVenture in the 3rd quarter worth approximately $260,000. 36.79% of the stock is owned by institutional investors and hedge funds.

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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.

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