Canaccord Genuity reaffirmed their hold rating on shares of Renewable Energy Group Inc (NASDAQ:REGI) in a research report report published on Wednesday morning. The brokerage currently has a $10.50 price objective on the stock.

Separately, Zacks Investment Research upgraded Renewable Energy Group from a sell rating to a hold rating in a research note on Wednesday, July 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $10.67.

Renewable Energy Group (NASDAQ:REGI) opened at 8.25 on Wednesday. Renewable Energy Group has a 52 week low of $6.02 and a 52 week high of $10.43. The stock’s market capitalization is $319.10 million. The stock’s 50 day moving average price is $8.96 and its 200-day moving average price is $9.04.

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

In other Renewable Energy Group news, Director Peter John Martin Harding acquired 5,000 shares of Renewable Energy Group stock in a transaction dated Friday, September 16th. The stock was acquired at an average cost of $8.13 per share, for a total transaction of $40,650.00. Following the completion of the transaction, the director now owns 56,637 shares in the company, valued at approximately $460,458.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional investors have recently modified their holdings of the company. DNB Asset Management AS increased its position in shares of Renewable Energy Group by 2.1% in the second quarter. DNB Asset Management AS now owns 3,326,951 shares of the company’s stock valued at $29,377,000 after buying an additional 68,408 shares in the last quarter. Towle & Co. increased its position in shares of Renewable Energy Group by 0.8% in the second quarter. Towle & Co. now owns 1,939,647 shares of the company’s stock valued at $17,127,000 after buying an additional 15,400 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Renewable Energy Group by 5.2% in the second quarter. Vanguard Group Inc. now owns 1,718,361 shares of the company’s stock valued at $15,173,000 after buying an additional 84,268 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Renewable Energy Group by 4.5% in the first quarter. Acadian Asset Management LLC now owns 1,427,341 shares of the company’s stock valued at $13,474,000 after buying an additional 61,717 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. increased its position in shares of Renewable Energy Group by 25.9% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 1,300,189 shares of the company’s stock valued at $11,480,000 after buying an additional 267,851 shares in the last quarter.

About Renewable Energy Group

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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