Codexis (NASDAQ:CDXS) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other equities research analysts have also weighed in on CDXS. Jefferies Group reaffirmed a “buy” rating and set a $9.00 price target (up from $8.00) on shares of Codexis in a report on Monday, October 2nd. HC Wainwright reiterated a “buy” rating and issued a $8.50 price objective on shares of Codexis in a research report on Tuesday, November 21st. Zacks Investment Research upgraded shares of Codexis from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, ValuEngine upgraded shares of Codexis from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Codexis presently has a consensus rating of “Buy” and a consensus target price of $7.50.

Codexis (NASDAQ CDXS) traded up $0.15 during trading hours on Friday, reaching $7.70. 300,009 shares of the company’s stock were exchanged, compared to its average volume of 224,575. Codexis has a 12 month low of $3.60 and a 12 month high of $7.95.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royce & Associates LP acquired a new position in Codexis during the 3rd quarter valued at about $1,089,000. Telemark Asset Management LLC bought a new position in shares of Codexis during the 3rd quarter worth approximately $13,633,000. Wells Fargo & Company MN grew its stake in shares of Codexis by 227.6% in the third quarter. Wells Fargo & Company MN now owns 390,797 shares of the biotechnology company’s stock valued at $2,599,000 after buying an additional 271,503 shares in the last quarter. Baillie Gifford & Co. grew its stake in shares of Codexis by 1.1% in the third quarter. Baillie Gifford & Co. now owns 1,478,097 shares of the biotechnology company’s stock valued at $9,830,000 after buying an additional 16,684 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in Codexis by 7.4% during the 2nd quarter. California State Teachers Retirement System now owns 72,298 shares of the biotechnology company’s stock valued at $394,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

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About Codexis

Codexis, Inc is a developer of biocatalysts for the pharmaceutical and fine chemicals markets. The Company’s CodeEvolver protein engineering technology platform, which introduces genetic mutations into genes in order to give rise to changes in the enzymes that they produce, overcomes many of the limitations, allowing customers to evolve and optimize biocatalysts to perform specific and desired chemical reactions at commercial scale.

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