Zacks Investment Research upgraded shares of TerraVia Holdings Inc. (NASDAQ:TVIA) from a hold rating to a buy rating in a research note released on Tuesday. The brokerage currently has $1.50 price objective on the stock.

According to Zacks, “TerraVia Holdings, Inc. provides food, nutrition and specialty ingredients. It offers algae-based food, nutrition and personal care ingredients. TerraVia Holdings, Inc., formerly known as Solazyme Inc., is headquartered in South San Francisco, California. “

TerraVia Holdings (NASDAQ:TVIA) traded down 3.3267% during mid-day trading on Tuesday, hitting $1.4501. 78,602 shares of the stock traded hands. TerraVia Holdings has a one year low of $1.18 and a one year high of $3.34. The company has a 50 day moving average price of $2.17 and a 200-day moving average price of $2.40. The stock’s market capitalization is $130.80 million.

TerraVia Holdings (NASDAQ:TVIA) last announced its earnings results on Wednesday, November 2nd. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.16) by $0.08. The company had revenue of $4.31 million for the quarter, compared to analyst estimates of $10.49 million. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. Equities analysts anticipate that TerraVia Holdings will post ($0.99) earnings per share for the current fiscal year.

In other TerraVia Holdings news, General Counsel Paul T. Quinlan sold 10,000 shares of the business’s stock in a transaction dated Friday, October 14th. The shares were sold at an average price of $2.55, for a total value of $25,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 9.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of TVIA. KCG Holdings Inc. acquired a new stake in TerraVia Holdings during the third quarter worth about $109,000. BlackRock Advisors LLC increased its stake in TerraVia Holdings by 18.9% in the third quarter. BlackRock Advisors LLC now owns 43,497 shares of the company’s stock worth $120,000 after buying an additional 6,906 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in TerraVia Holdings during the third quarter worth about $168,000. Ausdal Financial Partners Inc. increased its stake in TerraVia Holdings by 1.0% in the third quarter. Ausdal Financial Partners Inc. now owns 63,200 shares of the company’s stock worth $174,000 after buying an additional 600 shares in the last quarter. Finally, Rockefeller Financial Services Inc. increased its stake in TerraVia Holdings by 107.4% in the third quarter. Rockefeller Financial Services Inc. now owns 70,274 shares of the company’s stock worth $193,000 after buying an additional 36,392 shares in the last quarter. 35.57% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another site, it was illegally copied and republished in violation of international trademark and copyright law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2016/11/23/terravia-holdings-inc-tvia-upgraded-by-zacks-investment-research-to-buy.html.

TerraVia Holdings Company Profile

Solazyme, Inc creates renewable oils and bioproducts. The Company’s technology uses microalgae in an industrial fermentation process to transform a range of plant-based sugars into triglyceride oils and other bioproducts. The Company offers Algenist, a skin and personal care product available at Sephora SA and its affiliates, QVC, Inc, SpaceNK Limited, select Nordstrom stores and ULTA Beauty.

5 Day Chart for NASDAQ:TVIA

Receive News & Stock Ratings for TerraVia Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TerraVia Holdings Inc. and related stocks with our FREE daily email newsletter.