AquaVenture (NYSE:WAAS) Stock Rating Reaffirmed by JMP Securities

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JMP Securities reissued their buy rating on shares of AquaVenture (NYSE:WAAS) in a report published on Tuesday, September 18th.

WAAS has been the subject of several other reports. TheStreet upgraded AquaVenture from a d rating to a c- rating in a research note on Monday, August 20th. Zacks Investment Research downgraded AquaVenture from a buy rating to a hold rating in a research note on Thursday, September 6th. ValuEngine upgraded AquaVenture from a hold rating to a buy rating in a research note on Thursday, July 5th. Finally, Lake Street Capital started coverage on AquaVenture in a research note on Friday, August 17th. They set a buy rating and a $29.00 target price for the company. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $22.29.

Shares of AquaVenture stock traded down $0.53 during trading hours on Tuesday, hitting $16.86. 193,463 shares of the company’s stock traded hands, compared to its average volume of 96,858. The company has a debt-to-equity ratio of 0.49, a current ratio of 6.17 and a quick ratio of 5.74. The company has a market capitalization of $480.32 million, a PE ratio of -17.20 and a beta of 1.15. AquaVenture has a twelve month low of $10.87 and a twelve month high of $20.49.

AquaVenture (NYSE:WAAS) last announced its earnings results on Wednesday, August 8th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.01. The company had revenue of $34.45 million during the quarter, compared to the consensus estimate of $32.64 million. AquaVenture had a negative return on equity of 7.34% and a negative net margin of 19.75%. The company’s revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm earned ($0.21) earnings per share. On average, equities analysts expect that AquaVenture will post -0.83 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. GMT Capital Corp acquired a new position in AquaVenture in the second quarter worth about $1,604,000. Private Capital Management LLC acquired a new position in AquaVenture in the second quarter worth about $1,268,000. Ardsley Advisory Partners grew its stake in AquaVenture by 6.4% in the second quarter. Ardsley Advisory Partners now owns 578,425 shares of the company’s stock worth $9,018,000 after purchasing an additional 35,000 shares in the last quarter. Renaissance Technologies LLC grew its stake in AquaVenture by 53.9% in the second quarter. Renaissance Technologies LLC now owns 231,000 shares of the company’s stock worth $3,599,000 after purchasing an additional 80,943 shares in the last quarter. Finally, Citadel Advisors LLC grew its stake in AquaVenture by 117.5% in the second quarter. Citadel Advisors LLC now owns 48,059 shares of the company’s stock worth $749,000 after purchasing an additional 25,965 shares in the last quarter. Institutional investors and hedge funds own 33.77% 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 and wastewater treatment solutions for governmental, municipal, industrial, and hospitality customers; and point-of-use filtered water systems and related services to approximately 40,000 institutional and commercial customers.

See Also: Risk Tolerance

Analyst Recommendations for AquaVenture (NYSE:WAAS)

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