Amyris Inc (NASDAQ:AMRS)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $4.49, but opened at $3.95. Amyris shares last traded at $4.25, with a volume of 100180 shares changing hands.

A number of brokerages have weighed in on AMRS. HC Wainwright set a $11.00 target price on shares of Amyris and gave the company a “buy” rating in a research note on Tuesday, February 5th. BidaskClub raised shares of Amyris from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. Finally, Zacks Investment Research downgraded shares of Amyris from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $8.83.

The stock has a market cap of $264.02 million, a price-to-earnings ratio of -1.61 and a beta of 0.29.

Amyris (NASDAQ:AMRS) last announced its quarterly earnings results on Monday, March 18th. The biotechnology company reported ($1.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($1.51). The company had revenue of $19.36 million for the quarter, compared to the consensus estimate of $98.52 million. The firm’s quarterly revenue was down 76.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 earnings per share. As a group, equities research analysts predict that Amyris Inc will post -0.31 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its stake in shares of Amyris by 50.6% in the 3rd quarter. Wells Fargo & Company MN now owns 41,903 shares of the biotechnology company’s stock valued at $333,000 after acquiring an additional 14,075 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Amyris by 96.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 446,909 shares of the biotechnology company’s stock valued at $3,548,000 after acquiring an additional 219,081 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Amyris by 8.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 115,388 shares of the biotechnology company’s stock valued at $916,000 after acquiring an additional 9,172 shares in the last quarter. BlackRock Inc. raised its stake in shares of Amyris by 32.8% in the 3rd quarter. BlackRock Inc. now owns 2,277,432 shares of the biotechnology company’s stock valued at $18,082,000 after acquiring an additional 562,877 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Amyris in the 3rd quarter valued at approximately $512,000. 36.69% of the stock is owned by institutional investors.

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Amyris Company Profile (NASDAQ:AMRS)

Amyris, Inc, an integrated renewable products company, delivers alternatives to petroleum, plant, and animal-based products across a range of consumer and industry segments worldwide. It applies its bioscience solutions to convert plant sugars into hydrocarbon molecules, specialty ingredients, and consumer products.

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