Amyris’ (AMRS) Hold Rating Reaffirmed at Cowen
AMRS has been the topic of several other reports. HC Wainwright set a $15.00 price objective on shares of Amyris and gave the stock a buy rating in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of Amyris from a hold rating to a buy rating and set a $3.75 price objective on the stock in a research report on Wednesday, October 4th. Finally, ValuEngine upgraded shares of Amyris from a strong sell rating to a sell rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and an average target price of $20.69.
Shares of Amyris (NASDAQ:AMRS) opened at $3.58 on Wednesday. Amyris has a 1 year low of $1.86 and a 1 year high of $13.05. The company has a current ratio of 0.92, a quick ratio of 0.82 and a debt-to-equity ratio of -0.78.
Amyris (NASDAQ:AMRS) last released its quarterly earnings data on Tuesday, November 14th. The biotechnology company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.77) by ($0.04). The company had revenue of $24.20 million for the quarter, compared to analyst estimates of $36.30 million. During the same quarter in the previous year, the company earned ($0.07) EPS. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. sell-side analysts forecast that Amyris will post -3.32 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Carl Domino Inc acquired a new position in Amyris in the 3rd quarter valued at about $182,000. Bank of New York Mellon Corp raised its stake in 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 valued at $104,000 after purchasing an additional 4,603 shares during the last quarter. Tanaka Capital Management Inc. raised its stake in Amyris by 72.0% in the 3rd quarter. Tanaka Capital Management Inc. now owns 528,549 shares of the biotechnology company’s stock valued at $1,691,000 after purchasing an additional 221,295 shares during the last quarter. Finally, KBC Group NV raised its stake in Amyris by 228.4% in the 3rd quarter. KBC Group NV now owns 60,154 shares of the biotechnology company’s stock valued at $192,000 after purchasing an additional 41,834 shares during the last quarter. 26.06% of the stock is owned by hedge funds and other institutional investors.
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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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