Shares of Renewable Energy Group Inc (NASDAQ:REGI) rose 2.3% on Wednesday . The company traded as high as $9.03 and last traded at $8.97, with a volume of 1,156,861 shares trading hands. The stock had previously closed at $8.77.

REGI has been the topic of a number of analyst reports. Zacks Investment Research cut Renewable Energy Group from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, May 4th. Roth Capital reiterated a “buy” rating on shares of Renewable Energy Group in a research report on Wednesday, May 4th. Finally, Canaccord Genuity reiterated a “hold” rating on shares of Renewable Energy Group in a research report on Wednesday, May 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Renewable Energy Group currently has a consensus rating of “Hold” and a consensus price target of $10.67.

The company has a 50-day moving average price of $9.12 and a 200-day moving average price of $8.90. The firm’s market cap is $346.95 million.

Renewable Energy Group (NASDAQ:REGI) last released 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. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company earned $558 million during the quarter, compared to analyst estimates of $417.78 million. The firm’s revenue was up 49.3% compared to the same quarter last year. On average, equities research analysts expect that Renewable Energy Group Inc will post $1.25 EPS for the current year.

In other news, Director Peter John Martin Harding bought 5,000 shares of Renewable Energy Group stock in a transaction that occurred on Wednesday, August 17th. The shares were acquired at an average price of $9.07 per share, with a total value of $45,350.00. Following the completion of the purchase, the director now directly owns 49,271 shares in the company, valued at $446,887.97. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 disclosure with the Securities and Exchange Commission (SEC). The fund 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 0.41% of Renewable Energy Group worth $1,689,000 as of its most recent SEC filing.

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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