Renewable Energy Group Inc (NASDAQ:REGI)’s share price was down 4% during trading on Thursday . The company traded as low as $8.39 and last traded at $8.48, with a volume of 167,235 shares trading hands. The stock had previously closed at $8.83.

A number of equities analysts have recently commented on REGI shares. TheStreet upgraded shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Friday, April 22nd. Zacks Investment Research upgraded shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Piper Jaffray Cos. raised their price objective on shares of Renewable Energy Group from $10.00 to $12.00 and gave the company an “overweight” rating in a research report on Wednesday, April 6th. Canaccord Genuity restated a “hold” rating on shares of Renewable Energy Group in a research report on Tuesday, May 31st. Finally, Roth Capital restated a “buy” rating on shares of Renewable Energy Group in a research report on Wednesday, May 4th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $10.67.

The company’s market capitalization is $365.47 million. The stock’s 50 day moving average is $8.97 and its 200 day moving average is $8.52.

Renewable Energy Group (NASDAQ:REGI) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.06. The firm had revenue of $305.60 million for the quarter, compared to analysts’ expectations of $268.12 million. The business’s quarterly revenue was up 32.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.86) EPS. Equities research analysts anticipate that Renewable Energy Group Inc will post $0.96 EPS for the current year.

In other news, Director Michael A. Jackson sold 8,269 shares of the firm’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $9.25, for a total transaction of $76,488.25. Following the transaction, the director now owns 17,107 shares in the company, valued at $158,239.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Several institutional investors have recently made changes to their positions in REGI. Dimensional Fund Advisors LP raised its position in shares of Renewable Energy Group by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,363,544 shares of the company’s stock valued at $31,247,000 after buying an additional 104,587 shares in the last quarter. Connective Capital Management LLC raised its position in shares of Renewable Energy Group by 14.4% in the fourth quarter. Connective Capital Management LLC now owns 123,384 shares of the company’s stock valued at $1,147,000 after buying an additional 15,568 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of Renewable Energy Group by 2.0% in the fourth quarter. OppenheimerFunds Inc. now owns 1,791,629 shares of the company’s stock valued at $16,645,000 after buying an additional 34,997 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Renewable Energy Group by 4.6% in the fourth quarter. California Public Employees Retirement System now owns 550,967 shares of the company’s stock valued at $5,118,000 after buying an additional 24,378 shares in the last quarter.

Renewable Energy Group, Inc is focused on providing cleaner, lower carbon intensity products and services while also providing conventional products and services. The Company is a producer of biomass-based diesel in the United States. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities.

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