HC Wainwright Reaffirms Buy Rating for Amyris (AMRS)

Amyris (NASDAQ:AMRS)‘s stock had its “buy” rating reissued by investment analysts at HC Wainwright in a research note issued on Thursday. They presently have a $15.00 price target on the biotechnology company’s stock. HC Wainwright’s price objective indicates a potential upside of 200.00% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Amyris from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Cowen reissued a “hold” rating and issued a $4.00 price objective on shares of Amyris in a research note on Wednesday, November 29th. Finally, ValuEngine cut shares of Amyris from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st.

Amyris (NASDAQ AMRS) traded up $0.09 on Thursday, reaching $5.00. 180,112 shares of the company traded hands, compared to its average volume of 287,102. The stock has a market capitalization of $219.11, a PE ratio of -0.81 and a beta of 0.16. Amyris has a 52 week low of $1.86 and a 52 week high of $10.70. The company has a quick ratio of 0.82, a current ratio of 0.92 and a debt-to-equity ratio of -0.78.

Amyris (NASDAQ:AMRS) last posted its earnings results on Tuesday, November 14th. The biotechnology company reported ($0.81) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.77) by ($0.04). The company had revenue of $24.20 million for the quarter, compared to the consensus estimate of $36.30 million. During the same period last year, the firm earned ($0.07) earnings per share. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. analysts anticipate that Amyris will post -3.32 earnings per share for the current year.

In other Amyris news, insider John Melo sold 10,776 shares of Amyris stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $4.68, for a total value of $50,431.68. Following the completion of the transaction, the insider now directly owns 83,172 shares of the company’s stock, valued at approximately $389,244.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.30% of the company’s stock.

Large investors have recently modified their holdings of the business. Tanaka Capital Management Inc. grew its stake in shares of Amyris by 72.0% in the 3rd quarter. Tanaka Capital Management Inc. now owns 528,549 shares of the biotechnology company’s stock worth $1,691,000 after buying an additional 221,295 shares in the last quarter. KBC Group NV lifted its holdings in shares of Amyris by 228.4% in the 3rd quarter. KBC Group NV now owns 60,154 shares of the biotechnology company’s stock worth $192,000 after acquiring an additional 41,834 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Amyris by 16.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 32,768 shares of the biotechnology company’s stock worth $104,000 after acquiring an additional 4,603 shares during the last quarter. Carl Domino Inc bought a new stake in shares of Amyris in the 3rd quarter worth about $182,000. Finally, Creative Planning bought a new stake in shares of Amyris in the 4th quarter worth about $188,000. 22.84% of the stock is owned by institutional investors and hedge funds.

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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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