AquaVenture (NYSE:WAAS) Downgraded to “Buy” at ValuEngine

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ValuEngine downgraded shares of AquaVenture (NYSE:WAAS) from a strong-buy rating to a buy rating in a report released on Tuesday morning, ValuEngine reports.

Several other research analysts have also recently weighed in on WAAS. Zacks Investment Research upgraded shares of Zymeworks from a hold rating to a buy rating and set a $19.00 price target on the stock in a report on Saturday, April 27th. Roth Capital set a $12.00 price target on shares of Callon Petroleum and gave the stock a buy rating in a report on Friday, June 14th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. AquaVenture has an average rating of Buy and an average target price of $25.88.

AquaVenture stock opened at $18.35 on Tuesday. AquaVenture has a fifty-two week low of $15.30 and a fifty-two week high of $23.35. The stock has a market capitalization of $455.50 million, a PE ratio of -23.53 and a beta of 0.93. The stock’s 50-day moving average price is $18.88. The company has a current ratio of 2.60, a quick ratio of 2.22 and a debt-to-equity ratio of 0.96.

AquaVenture (NYSE:WAAS) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.01. AquaVenture had a negative net margin of 12.62% and a negative return on equity of 5.98%. The business had revenue of $46.60 million for the quarter, compared to analysts’ expectations of $45.63 million. During the same period in the previous year, the company earned ($0.24) earnings per share. The firm’s revenue for the quarter was up 43.4% compared to the same quarter last year. On average, equities analysts predict that AquaVenture will post -0.73 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its position in shares of AquaVenture by 446.5% in the first quarter. BNP Paribas Arbitrage SA now owns 2,268 shares of the company’s stock valued at $44,000 after purchasing an additional 1,853 shares during the period. Electron Capital Partners LLC bought a new stake in shares of AquaVenture in the first quarter valued at approximately $149,000. Bank of America Corp DE raised its position in shares of AquaVenture by 62.7% in the fourth quarter. Bank of America Corp DE now owns 8,698 shares of the company’s stock valued at $165,000 after purchasing an additional 3,351 shares during the period. Conestoga Capital Advisors LLC bought a new stake in shares of AquaVenture in the first quarter valued at approximately $199,000. Finally, Ibex Investors LLC bought a new stake in shares of AquaVenture in the fourth quarter valued at approximately $218,000. Institutional investors and hedge funds own 34.54% of the company’s stock.

About AquaVenture

AquaVenture Holdings Limited provides water-as-a-service solutions in North America, the Caribbean, and South America. The company operates in two segments, Seven Seas Water and Quench. It offers desalination, wastewater treatment, and water reuse solutions to governmental, municipal, industrial, property developer, and hospitality customers; and point-of-use (POU) filtered water systems and related services to approximately 50,000 institutional and commercial customers.

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Analyst Recommendations for AquaVenture (NYSE:WAAS)

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