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

Several brokerages have commented on REGI. TheStreet raised shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Friday, April 22nd. Roth Capital reissued a “buy” rating on shares of Renewable Energy Group in a research report on Wednesday, May 4th. Canaccord Genuity reissued a “hold” rating on shares of Renewable Energy Group in a research report on Wednesday, May 4th. Zacks Investment Research cut shares of Renewable Energy Group from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, May 4th. Finally, Piper Jaffray Cos. raised their price target 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Renewable Energy Group has an average rating of “Buy” and an average price target of $10.67.

The firm’s market capitalization is $372.02 million. The company’s 50-day moving average is $8.92 and its 200 day moving average is $8.52.

Renewable Energy Group (NASDAQ:REGI) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.04 earnings per share (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. During the same period in the previous year, the company posted ($0.86) EPS. The business’s quarterly revenue was up 32.4% on a year-over-year basis. Equities analysts forecast that Renewable Energy Group Inc will post $0.96 earnings per share for the current fiscal year.

In related news, Director Michael A. Jackson sold 8,269 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The shares were 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 of the company’s stock, valued at $158,239.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased 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 during the last quarter. Connective Capital Management LLC increased 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 during the last quarter. OppenheimerFunds Inc. increased 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 during the last quarter. Finally, California Public Employees Retirement System increased 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 during 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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