Brokerages Set Bioceres Crop Solutions Corp. (NASDAQ:BIOX) PT at $4.00

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $4.00.

A number of research firms have commented on BIOX. Canaccord Genuity Group reduced their price target on shares of Bioceres Crop Solutions from $2.25 to $2.00 and set a “hold” rating for the company in a report on Friday, January 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bioceres Crop Solutions in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of Bioceres Crop Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd.

Bioceres Crop Solutions Stock Performance

Shares of BIOX stock opened at $0.54 on Monday. The firm has a 50 day moving average of $0.92 and a 200-day moving average of $1.52. The company has a market cap of $33.87 million, a price-to-earnings ratio of -0.64 and a beta of 0.53. The company has a quick ratio of 0.64, a current ratio of 0.94 and a debt-to-equity ratio of 0.19. Bioceres Crop Solutions has a 52 week low of $0.40 and a 52 week high of $5.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its stake in Bioceres Crop Solutions by 3,535.8% in the first quarter. Jones Financial Companies Lllp now owns 5,490 shares of the company’s stock valued at $25,000 after acquiring an additional 5,339 shares during the period. Bank of America Corp DE raised its position in shares of Bioceres Crop Solutions by 186.8% during the fourth quarter. Bank of America Corp DE now owns 5,735 shares of the company’s stock worth $35,000 after purchasing an additional 3,735 shares during the period. Virtu Financial LLC bought a new position in shares of Bioceres Crop Solutions in the 3rd quarter worth $40,000. Invesco Ltd. bought a new position in shares of Bioceres Crop Solutions in the 4th quarter worth $45,000. Finally, PDT Partners LLC grew its position in Bioceres Crop Solutions by 58.9% in the 2nd quarter. PDT Partners LLC now owns 28,180 shares of the company’s stock valued at $126,000 after purchasing an additional 10,449 shares during the period. Institutional investors own 17.68% of the company’s stock.

About Bioceres Crop Solutions

Bioceres Crop Solutions Corp. is an agricultural biotechnology company focused on developing, manufacturing and commercializing a range of crop inputs designed to enhance yields and improve sustainability. The company’s portfolio includes biological seed treatments, inoculants for nitrogen fixation, specialty fertilizers and proprietary biopesticides, which are formulated to support plant health and resilience under varying environmental conditions.

Among its flagship offerings is the HB4 drought-tolerant wheat technology, the first genetically modified wheat developed to withstand water stress, which has received regulatory approval in several markets.