Other research analysts have also recently issued research reports about the company. B. Riley set a $10.00 price objective on Amyris and gave the stock a buy rating in a research report on Monday, September 17th. BidaskClub raised Amyris from a hold rating to a buy rating in a report on Wednesday, August 15th. ValuEngine raised Amyris from a hold rating to a buy rating in a report on Thursday, June 28th. Finally, Zacks Investment Research raised Amyris from a strong sell rating to a hold rating in a report on Tuesday, July 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $9.13.
NASDAQ:AMRS opened at $8.41 on Thursday. The firm has a market capitalization of $508.54 million, a price-to-earnings ratio of -2.76 and a beta of 0.26. The company has a debt-to-equity ratio of -0.24, a current ratio of 0.42 and a quick ratio of 0.38. Amyris has a 1 year low of $2.82 and a 1 year high of $9.22.
In other news, COO Eduardo Alvarez bought 11,877 shares of the stock in a transaction on Wednesday, September 5th. The shares were bought at an average price of $8.45 per share, with a total value of $100,360.65. Following the completion of the acquisition, the chief operating officer now owns 331,877 shares of the company’s stock, valued at $2,804,360.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathleen Valiasek bought 14,000 shares of the stock in a transaction on Wednesday, August 22nd. The stock was purchased at an average cost of $7.20 per share, for a total transaction of $100,800.00. Following the acquisition, the chief financial officer now directly owns 228,630 shares of the company’s stock, valued at approximately $1,646,136. The disclosure for this purchase can be found here. In the last three months, insiders acquired 50,877 shares of company stock worth $393,161 and sold 8,824,625 shares worth $54,897,886. 21.80% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd acquired a new stake in Amyris in the first quarter valued at $110,000. Fox Run Management L.L.C. acquired a new stake in shares of Amyris during the third quarter valued at $121,000. Rhumbline Advisers acquired a new stake in shares of Amyris during the second quarter valued at $147,000. Renaissance Technologies LLC acquired a new stake in shares of Amyris during the second quarter valued at $167,000. Finally, Element Capital Management LLC acquired a new stake in shares of Amyris during the first quarter valued at $227,000. 27.90% of the stock is currently owned by institutional investors.
Amyris Company Profile
Amyris, Inc provides various alternatives to a range of petroleum-sourced products worldwide. The company uses its industrial bioscience technology to design microbes primarily yeast, as well as to convert plant-sourced sugars into renewable ingredients. It produces and sells Biofene that converts to squalane, which is used as an emollient in cosmetics and other personal care products; and natural oils and aroma chemicals for the flavors and fragrances market.
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