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

WAAS has been the subject of a number of other research reports. Zacks Investment Research upgraded Zymeworks from a hold rating to a buy rating and set a $19.00 price objective for the company in a report on Saturday, April 27th. Roth Capital set a $12.00 price objective on Callon Petroleum and gave the company a buy rating in a report on Friday, June 14th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $25.88.

NYSE:WAAS opened at $18.25 on Tuesday. 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 has a 1 year low of $15.30 and a 1 year high of $23.35. The business has a 50 day moving average price of $18.87. The company has a market cap of $492.48 million, a P/E ratio of -23.40 and a beta of 0.93.

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

Several hedge funds have recently modified their holdings of the business. Handelsbanken Fonder AB raised its position in shares of AquaVenture by 40.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 700,000 shares of the company’s stock worth $13,979,000 after acquiring an additional 200,000 shares in the last quarter. BlackRock Inc. increased its position in AquaVenture by 13.9% during the 4th quarter. BlackRock Inc. now owns 511,804 shares of the company’s stock valued at $9,668,000 after buying an additional 62,320 shares in the last quarter. Dimensional Fund Advisors LP increased its position in AquaVenture by 33.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 270,353 shares of the company’s stock valued at $5,107,000 after buying an additional 67,683 shares in the last quarter. Principal Financial Group Inc. increased its position in AquaVenture by 4.6% during the 4th quarter. Principal Financial Group Inc. now owns 151,019 shares of the company’s stock valued at $2,853,000 after buying an additional 6,619 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in AquaVenture by 10.8% during the 4th quarter. Geode Capital Management LLC now owns 127,050 shares of the company’s stock valued at $2,399,000 after buying an additional 12,356 shares in the last quarter. 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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