Zacks Investment Research downgraded shares of TerraVia Holdings, Inc. (NASDAQ:TVIA) from a buy rating to a hold rating in a research note issued to investors on Wednesday.
According to Zacks, “TerraVia Holdings, Inc. provides food, nutrition and specialty ingredients. It offers algae-based food, nutrition and personal care ingredients. TerraVia Holdings, Inc., formerly known as Solazyme Inc., is headquartered in South San Francisco, California. “
TVIA has been the topic of several other reports. ValuEngine lowered shares of TerraVia Holdings from a sell rating to a strong sell rating in a research report on Friday, June 2nd. Cowen and Company reaffirmed a market perform rating and set a $1.50 price target (down from $2.75) on shares of TerraVia Holdings in a research report on Saturday, March 11th.
TerraVia Holdings (TVIA) opened at 0.2784 on Wednesday. The company has a 50-day moving average of $0.31 and a 200-day moving average of $0.75. TerraVia Holdings has a 1-year low of $0.21 and a 1-year high of $2.98. The firm’s market capitalization is $30.15 million.
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A number of hedge funds have recently bought and sold shares of TVIA. Norges Bank bought a new position in TerraVia Holdings during the fourth quarter valued at approximately $187,000. State Street Corp increased its position in TerraVia Holdings by 3.3% in the fourth quarter. State Street Corp now owns 1,326,339 shares of the specialty chemicals company’s stock valued at $1,528,000 after buying an additional 42,661 shares in the last quarter. Primecap Management Co. CA increased its position in TerraVia Holdings by 0.5% in the first quarter. Primecap Management Co. CA now owns 12,671,746 shares of the specialty chemicals company’s stock valued at $9,181,000 after buying an additional 62,825 shares in the last quarter. A.R.T. Advisors LLC bought a new position in TerraVia Holdings during the fourth quarter valued at approximately $103,000. Finally, WFG Advisors LP increased its position in TerraVia Holdings by 261.8% in the fourth quarter. WFG Advisors LP now owns 13,271 shares of the specialty chemicals company’s stock valued at $759,000 after buying an additional 9,603 shares in the last quarter. 51.03% of the stock is currently owned by hedge funds and other institutional investors.
About TerraVia Holdings
Solazyme, Inc creates renewable oils and bioproducts. The Company’s technology uses microalgae in an industrial fermentation process to transform a range of plant-based sugars into triglyceride oils and other bioproducts. The Company offers Algenist, a skin and personal care product available at Sephora SA and its affiliates, QVC, Inc, SpaceNK Limited, select Nordstrom stores and ULTA Beauty.
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