Aemetis (NASDAQ:AMTX) Raised to Hold at Wall Street Zen

Aemetis (NASDAQ:AMTX) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

A number of other research firms have also recently commented on AMTX. Loop Capital set a $1.75 price target on shares of Aemetis in a research note on Thursday, March 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aemetis in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.25.

Aemetis Trading Up 3.8%

Shares of AMTX opened at $2.70 on Friday. The company has a market cap of $179.90 million, a PE ratio of -2.03 and a beta of 2.61. The stock has a 50-day moving average price of $1.67 and a 200-day moving average price of $1.90. Aemetis has a 12-month low of $1.22 and a 12-month high of $3.66.

Aemetis (NASDAQ:AMTX) last issued its quarterly earnings data on Thursday, March 12th. The specialty chemicals company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.04. The business had revenue of $43.31 million for the quarter, compared to analysts’ expectations of $72.07 million. As a group, analysts predict that Aemetis will post -2.07 earnings per share for the current year.

Institutional Trading of Aemetis

A number of hedge funds have recently bought and sold shares of AMTX. Vanguard Group Inc. grew its position in Aemetis by 15.3% during the third quarter. Vanguard Group Inc. now owns 2,479,163 shares of the specialty chemicals company’s stock valued at $5,578,000 after acquiring an additional 329,760 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Aemetis by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 693,453 shares of the specialty chemicals company’s stock worth $964,000 after acquiring an additional 33,286 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Aemetis by 289.3% in the 4th quarter. Marshall Wace LLP now owns 559,754 shares of the specialty chemicals company’s stock valued at $778,000 after purchasing an additional 415,978 shares in the last quarter. State Street Corp boosted its stake in shares of Aemetis by 13.9% in the 4th quarter. State Street Corp now owns 260,299 shares of the specialty chemicals company’s stock valued at $362,000 after purchasing an additional 31,700 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Aemetis during the 2nd quarter valued at $634,000. Institutional investors own 27.02% of the company’s stock.

Aemetis Company Profile

Aemetis, Inc, headquartered in Cupertino, California, is a renewable fuels and renewable natural gas producer dedicated to decarbonizing the transportation sector. The company operates two primary business segments: Aemetis Advanced Fuels, which manufactures ethanol, biodiesel and sustainable aviation fuel using patented carbon capture and separation technology; and Aemetis RNG, which develops dairy-based renewable natural gas projects in California for pipeline injection and transportation use.

Since its incorporation in 2006, Aemetis has expanded its production footprint through organic growth and strategic acquisitions.