Amyris (NASDAQ:AMRS) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Amyris (NASDAQ:AMRS) from a sell rating to a hold rating in a research report report published on Tuesday morning, BidAskClub reports.

AMRS opened at $4.10 on Tuesday. Amyris has a 52-week low of $1.87 and a 52-week high of $9.28. The company has a market cap of $313.76 million, a PE ratio of -1.62 and a beta of 1.06.

Amyris (NASDAQ:AMRS) last posted its earnings results on Monday, March 18th. The biotechnology company reported ($1.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($1.51). The firm had revenue of $19.36 million during the quarter, compared to analysts’ expectations of $98.52 million. During the same quarter in the previous year, the business earned $0.61 earnings per share. The business’s revenue for the quarter was down 76.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Amyris will post -0.31 EPS for the current fiscal year.

In other Amyris news, Director L John Doerr bought 2,832,440 shares of Amyris stock in a transaction dated Wednesday, April 24th. The shares were purchased at an average cost of $5.12 per share, with a total value of $14,502,092.80. Following the completion of the purchase, the director now owns 5,532 shares of the company’s stock, valued at $28,323.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Frank Kung bought 913,529 shares of Amyris stock in a transaction dated Monday, April 29th. The shares were acquired at an average cost of $4.76 per share, for a total transaction of $4,348,398.04. Following the completion of the purchase, the director now directly owns 3,599 shares of the company’s stock, valued at approximately $17,131.24. The disclosure for this purchase can be found here. Insiders have bought 10,478,338 shares of company stock worth $38,172,390 over the last three months. Insiders own 21.80% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Amyris during the first quarter valued at approximately $28,000. American Financial Advisors LLC purchased a new stake in Amyris in the first quarter worth $33,000. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in Amyris in the first quarter worth $38,000. Jane Street Group LLC purchased a new stake in Amyris in the fourth quarter worth $48,000. Finally, HRT Financial LLC purchased a new stake in Amyris in the fourth quarter worth $52,000. 34.17% of the stock is currently owned by hedge funds and other institutional investors.

About Amyris

Amyris, Inc, an integrated renewable products company, delivers alternatives to petroleum, plant, and animal-based products across a range of consumer and industry segments worldwide. It applies its bioscience solutions to convert plant sugars into hydrocarbon molecules, specialty ingredients, and consumer products.

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