Amyris (AMRS) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Amyris (NASDAQ:AMRS) from a buy rating to a hold rating in a report issued on Monday.

Other equities analysts have also issued reports about the company. HC Wainwright reissued a buy rating and set a $15.00 price target on shares of Amyris in a research note on Monday. Zacks Investment Research downgraded Amyris from a hold rating to a sell rating in a research report on Tuesday, January 30th. Finally, B. Riley assumed coverage on Amyris in a research report on Thursday, January 25th. They set a buy rating and a $8.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $8.19.

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Shares of Amyris stock opened at $7.06 on Monday. Amyris has a 12 month low of $1.86 and a 12 month high of $10.65. The company has a debt-to-equity ratio of -0.78, a current ratio of 0.92 and a quick ratio of 0.82.

Amyris (NASDAQ:AMRS) last announced its quarterly earnings results on Thursday, March 15th. The biotechnology company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.24). The company had revenue of $80.59 million during the quarter, compared to the consensus estimate of $68.14 million. During the same period in the previous year, the firm posted ($0.09) earnings per share. The company’s revenue was up 262.4% compared to the same quarter last year. equities research analysts forecast that Amyris will post -0.59 EPS for the current fiscal year.

In other Amyris news, insider John Melo sold 10,776 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $4.68, for a total transaction of $50,431.68. Following the sale, the insider now directly owns 83,172 shares in the company, valued at $389,244.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 11.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Compagnie Lombard Odier SCmA raised its position in Amyris by 60.0% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 104,000 shares of the biotechnology company’s stock valued at $390,000 after purchasing an additional 39,000 shares during the period. Hudson Bay Capital Management LP purchased a new stake in Amyris during the fourth quarter valued at approximately $451,000. Creative Planning purchased a new stake in shares of Amyris in the fourth quarter worth approximately $188,000. Tanaka Capital Management Inc. raised its holdings in shares of Amyris by 72.0% in the third 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 during the period. Finally, KBC Group NV raised its holdings in shares of Amyris by 228.4% in the third quarter. KBC Group NV now owns 60,154 shares of the biotechnology company’s stock worth $192,000 after buying an additional 41,834 shares during the period. Institutional investors and hedge funds own 22.27% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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