Solazyme CFO Tyler Painter Unloads 10,000 Shares (SZYM)
Solazyme (NASDAQ:SZYM) CFO Tyler Painter sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $11.01, for a total value of $110,100.00. Following the sale, the chief financial officer now directly owns 258,623 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of Solazyme (NASDAQ:SZYM) from $12.00 to $16.00 in a research note to investors on Thursday, August 8th. They now have an “outperform” rating on the stock. Separately, analysts at Piper Jaffray Cos. reiterated an “underweight” rating on shares of Solazyme (NASDAQ:SZYM) in a research note to investors on Monday, June 24th. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Solazyme (NASDAQ:SZYM) in a research note to investors on Monday, June 24th.
One analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. Solazyme presently has a consensus rating of “Buy” and a consensus price target of $13.38.
Solazyme (NASDAQ:SZYM) traded down 3.02% during mid-day trading on Friday, hitting $10.58. 874,875 shares of the company’s stock traded hands. Solazyme has a 52 week low of $6.45 and a 52 week high of $13.09. The stock has a 50-day moving average of $11.53 and a 200-day moving average of $10.32. The company’s market cap is $659.2 million.
Solazyme (NASDAQ:SZYM) last announced its earnings results on Wednesday, August 7th. The company reported ($0.28) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.40) by $0.12. The company had revenue of $11.20 million for the quarter, compared to the consensus estimate of $10.66 million. During the same quarter last year, the company posted ($0.27) earnings per share. Solazyme’s revenue was down 17.0% compared to the same quarter last year. Analysts expect that Solazyme will post $-1.59 EPS for the current fiscal year.
Solazyme, Inc operates as a renewable oil production company. The Company fuels include microbial-derived jet fuels, bio-diesels, and renewable diesels.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.