Zacks Investment Research cut shares of TerraVia Holdings, Inc. (NASDAQ:TVIA) from a buy rating to a hold rating in a research report sent to investors on Thursday, July 6th.

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. “

A number of other brokerages also recently weighed in on TVIA. ValuEngine downgraded shares of TerraVia Holdings from a sell rating to a strong sell rating in a research report on Friday, June 2nd. Cowen and Company reaffirmed a market perform rating and set a $1.50 price objective (down previously from $2.75) on shares of TerraVia Holdings in a research report on Saturday, March 11th.

Shares of TerraVia Holdings (NASDAQ:TVIA) traded down 9.1049% during midday trading on Thursday, hitting $0.0589. 23,078,869 shares of the stock traded hands. The firm has a 50-day moving average price of $0.24 and a 200 day moving average price of $0.55. The stock’s market cap is $6.38 million. TerraVia Holdings has a one year low of $0.04 and a one year high of $2.98.

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Large investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. increased its stake in shares of TerraVia Holdings by 106.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 535,906 shares of the specialty chemicals company’s stock worth $389,000 after buying an additional 276,149 shares in the last quarter. Morgan Stanley increased its stake in shares of TerraVia Holdings by 18.3% in the first quarter. Morgan Stanley now owns 7,887,742 shares of the specialty chemicals company’s stock worth $5,715,000 after buying an additional 1,219,446 shares in the last quarter. Primecap Management Co. CA increased its stake in shares of TerraVia Holdings by 0.5% in the first quarter. Primecap Management Co. CA now owns 12,671,746 shares of the specialty chemicals company’s stock worth $9,181,000 after buying an additional 62,825 shares in the last quarter. KBC Group NV increased its stake in shares of TerraVia Holdings by 53.4% in the first quarter. KBC Group NV now owns 614,300 shares of the specialty chemicals company’s stock worth $445,000 after buying an additional 213,897 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of TerraVia Holdings by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 322,897 shares of the specialty chemicals company’s stock worth $234,000 after buying an additional 1,856 shares in the last quarter. 43.68% of the stock is owned by institutional investors and hedge funds.

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.

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