Renewable Energy Group Inc (NASDAQ:REGI)’s share price traded up 4% during trading on Monday . The company traded as high as $8.85 and last traded at $8.85, with a volume of 242,359 shares traded. The stock had previously closed at $8.51.

A number of equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Renewable Energy Group from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, May 4th. Canaccord Genuity reiterated a “hold” rating on shares of Renewable Energy Group in a research note on Tuesday, May 31st. Roth Capital reiterated a “buy” rating on shares of Renewable Energy Group in a research note on Wednesday, May 4th. TheStreet upgraded shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Friday, April 22nd. Finally, Piper Jaffray Cos. boosted their target price on shares of Renewable Energy Group from $10.00 to $12.00 and gave the stock an “overweight” rating in a research note 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 currently has an average rating of “Buy” and an average price target of $10.67.

The stock’s 50-day moving average is $8.89 and its 200-day moving average is $8.50. The company’s market capitalization is $386.89 million.

Renewable Energy Group (NASDAQ:REGI) last issued its earnings results on Tuesday, May 3rd. The company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.06. The business earned $305.60 million during the quarter, compared to analysts’ expectations of $268.12 million. The business’s revenue was up 32.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.86) EPS. Analysts forecast that Renewable Energy Group Inc will post $0.96 EPS for the current fiscal 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 shares were sold at an average price of $9.25, for a total value of $76,488.25. Following the transaction, the director now owns 17,107 shares of the company’s stock, valued at approximately $158,239.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Several institutional investors have modified their holdings of REGI. 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 worth $16,645,000 after buying an additional 34,997 shares in the last quarter. 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 worth $31,247,000 after buying an additional 104,587 shares in 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 worth $1,147,000 after buying an additional 15,568 shares in 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 worth $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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