Amyris Inc. (AMRS) Lowered to Hold at Zacks Investment Research
October 20th, 2016 - By Doug Wharley - 0 comments
Amyris Inc. logoZacks Investment Research cut shares of Amyris Inc. (NASDAQ:AMRS) from a buy rating to a hold rating in a report published on Wednesday morning.
According to Zacks, ?Amyris INC is an integrated renewable products company applying industrial synthetic biology to genetically modify microorganisms to serve as living factories. Amyris designs these microorganisms to produce defined molecules for use as renewable chemicals and transportation fuels. The Company is engaged in the development of farmesene- a molecule, which serves as the base chemical building block for a wide range of renewable products to replace existing products that are derived from petroleum, plant or animal sources and that may be of lower quality or higher price. Amyris INC is headquartered in Emeryville, CA. ?
Separately, Singular Research reiterated a buy rating and set a $2.80 target price on shares of Amyris in a report on Wednesday, September 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company?s stock. The company has a consensus rating of Buy and a consensus target price of $2.66.
Shares of Amyris (NASDAQ:AMRS) opened at 1.05 on Wednesday. The firm?s market cap is $246.77 million. Amyris has a 12 month low of $0.31 and a 12 month high of $1.85. The stock?s 50 day moving average is $0.57 and its 200 day moving average is $0.59.
Amyris (NASDAQ:AMRS) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.06. The business earned $9.60 million during the quarter, compared to analysts? expectations of $15.23 million. The firm?s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.47) EPS. On average, analysts anticipate that Amyris will post ($0.20) earnings per share for the current fiscal year.
In other Amyris news, major shareholder (Mauritius) Pte Ltd Maxwell sold 2,300,000 shares of the company?s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $0.83, for a total value of $1,909,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 48.70% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of AMRS. Geode Capital Management LLC raised its stake in Amyris by 11.6% in the first quarter. Geode Capital Management LLC now owns 298,669 shares of the company?s stock valued at $331,000 after buying an additional 30,958 shares in the last quarter. Vanguard Group Inc. raised its stake in Amyris by 22.4% in the second quarter. Vanguard Group Inc. now owns 1,701,779 shares of the company?s stock valued at $766,000 after buying an additional 311,142 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Amyris during the first quarter valued at about $269,000. 35.68% of the stock is currently owned by institutional investors and hedge funds.
About Amyris
Amyris, Inc is an integrated industrial biotechnology company. The Company is engaged in research and development and sales of fuels and farnesene-derived products. It is applying its industrial synthetic biology platform to engineer, manufacture and sell products into a range of consumer and industrial markets, including cosmetics, flavors and fragrances (F&F), solvents and cleaners, polymers, lubricants, healthcare products and fuels.
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