Solazyme Director Jerry Fiddler Sells 12,000 Shares (SZYM)
Solazyme (NASDAQ:SZYM) Director Jerry Fiddler unloaded 12,000 shares of Solazyme stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $11.36, for a total value of $136,320.00. Following the sale, the director now directly owns 47,925 shares of the company’s stock, valued at approximately $544,428. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Solazyme (NASDAQ:SZYM) traded up 1.23% on Tuesday, hitting $11.51. The stock had a trading volume of 361,896 shares. Solazyme has a 52-week low of $6.45 and a 52-week high of $13.30. The stock’s 50-day moving average is $11.51 and its 200-day moving average is $10.34. The company’s market cap is $717.2 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. On average, analysts predict that Solazyme will post $-1.59 earnings per share for the current fiscal year.
SZYM has been the subject of a number of recent research reports. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Solazyme in a research note to investors on Wednesday, September 25th. They now have a $14.00 price target on the stock. Analysts at Robert W. Baird raised their price target on shares of Solazyme 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. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. Solazyme currently has an average rating of “Buy” and an average price target of $13.50.
Solazyme, Inc operates as a renewable oil production company. The Company fuels include microbial-derived jet fuels, bio-diesels, and renewable diesels.
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