Shares of Renewable Energy Group Inc (NASDAQ:REGI) traded up 2.2% during trading on Thursday . The company traded as high as $8.89 and last traded at $8.77, with a volume of 197,585 shares traded. The stock had previously closed at $8.58.

A number of analysts recently commented on the company. Canaccord Genuity reiterated a “hold” rating and set a $10.50 price target on shares of Renewable Energy Group in a report on Thursday, August 4th. Zacks Investment Research lowered Renewable Energy Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 10th. Finally, Roth Capital restated a “buy” rating on shares of Renewable Energy Group in a research note on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $10.67.

The stock’s 50 day moving average is $9.12 and its 200 day moving average is $8.83. The stock’s market cap is $336.51 million.

Renewable Energy Group (NASDAQ:REGI) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.12. The company earned $558 million during the quarter, compared to the consensus estimate of $417.78 million. The firm’s revenue was up 49.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.05) EPS. Equities research analysts predict that Renewable Energy Group Inc will post $1.25 EPS for the current year.

In related news, Director Peter John Martin Harding purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The shares were bought at an average price of $9.07 per share, for a total transaction of $45,350.00. Following the purchase, the director now directly owns 49,271 shares of the company’s stock, valued at approximately $446,887.97. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

An institutional investor recently raised its position in Renewable Energy Group stock. Schwab Charles Investment Management Inc. increased its stake in Renewable Energy Group Inc (NASDAQ:REGI) by 27.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,726 shares of the company’s stock after buying an additional 38,987 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.41% of Renewable Energy Group worth $1,689,000 at the end of the most recent 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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