B. Riley Begins Coverage on Amyris (AMRS)
B. Riley initiated coverage on shares of Amyris (NASDAQ:AMRS) in a report released on Thursday morning, MarketBeat.com reports. The firm issued a buy rating and a $8.00 price objective on the biotechnology company’s stock.
Several other research analysts have also recently issued reports on the stock. HC Wainwright set a $15.00 price objective on shares of Amyris and gave the company a buy rating in a report on Wednesday, November 29th. Zacks Investment Research cut shares of Amyris from a buy rating to a hold rating in a report on Monday, October 23rd. Cowen reiterated a hold rating and issued a $4.00 price objective on shares of Amyris in a report on Wednesday, November 29th. Finally, ValuEngine cut shares of Amyris from a sell rating to a strong sell rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $7.69.
Amyris (NASDAQ:AMRS) opened at $5.19 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.92 and a debt-to-equity ratio of -0.78. The stock has a market cap of $222.91, a P/E ratio of -0.92 and a beta of 0.16. Amyris has a 1-year low of $1.86 and a 1-year high of $10.65.
In related news, insider John Melo sold 10,776 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $4.68, for a total transaction of $50,431.68. Following the completion of the sale, the insider now directly owns 83,172 shares of the company’s stock, valued at $389,244.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.30% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in AMRS. Bank of New York Mellon Corp lifted its stake in Amyris by 16.3% during the second quarter. Bank of New York Mellon Corp now owns 32,768 shares of the biotechnology company’s stock valued at $104,000 after purchasing an additional 4,603 shares during the last quarter. Carl Domino Inc acquired a new stake in Amyris during the third quarter valued at approximately $182,000. Creative Planning acquired a new stake in Amyris during the fourth quarter valued at approximately $188,000. KBC Group NV lifted its stake in Amyris by 228.4% during the third quarter. KBC Group NV now owns 60,154 shares of the biotechnology company’s stock valued at $192,000 after purchasing an additional 41,834 shares during the last quarter. Finally, Tanaka Capital Management Inc. lifted its stake in Amyris by 72.0% during the third quarter. Tanaka Capital Management Inc. now owns 528,549 shares of the biotechnology company’s stock valued at $1,691,000 after purchasing an additional 221,295 shares during the last quarter. 22.84% of the stock is owned by institutional investors and hedge funds.
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Amyris Company Profile
Amyris, Inc is an integrated industrial biotechnology company. The Company is engaged in research and development and sales of fuels and farnesene-derived products. It is applying its industrial synthetic biology platform to engineer, manufacture and sell products into a range of consumer and industrial markets, including cosmetics, flavors and fragrances (F&F), solvents and cleaners, polymers, lubricants, healthcare products and fuels.
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