Amyris (AMRS) to Release Earnings on Tuesday

Amyris (NASDAQ:AMRS) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 13th. Analysts expect Amyris to post earnings of ($0.17) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

NASDAQ AMRS opened at $6.34 on Friday. The stock has a market capitalization of $474.60 million, a P/E ratio of -2.08 and a beta of 0.27. Amyris has a 12 month low of $2.93 and a 12 month high of $9.28.

In other Amyris news, insider John Melo sold 5,195 shares of the business’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $7.50, for a total value of $38,962.50. Following the completion of the transaction, the insider now directly owns 743,713 shares of the company’s stock, valued at $5,577,847.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Eduardo Alvarez bought 11,877 shares of the firm’s stock in a transaction on Wednesday, September 5th. The stock was acquired at an average cost of $8.45 per share, with a total value of $100,360.65. Following the completion of the purchase, the chief operating officer now owns 331,877 shares of the company’s stock, valued at approximately $2,804,360.65. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 40,877 shares of company stock valued at $316,061 and sold 8,807,465 shares valued at $54,789,082. 21.80% of the stock is currently owned by insiders.

An institutional investor recently raised its position in Amyris stock. Bank of New York Mellon Corp raised its holdings in Amyris Inc (NASDAQ:AMRS) by 87.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 106,216 shares of the biotechnology company’s stock after acquiring an additional 49,628 shares during the period. Bank of New York Mellon Corp owned about 0.21% of Amyris worth $678,000 as of its most recent filing with the Securities and Exchange Commission. 22.70% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on the company. ValuEngine upgraded Amyris from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 2nd. HC Wainwright set a $15.00 price objective on Amyris and gave the company a “buy” rating in a report on Friday, September 28th. BidaskClub downgraded Amyris from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Zacks Investment Research downgraded Amyris from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Finally, B. Riley set a $10.00 target price on Amyris and gave the company a “buy” rating in a research note on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $9.13.

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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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Earnings History for Amyris (NASDAQ:AMRS)

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