Solazyme (SZYM) Announces Quarterly Results
Solazyme (NASDAQ:SZYM) issued its quarterly earnings data on Wednesday. The company reported ($0.43) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.36) by $0.07, Analyst RN reports. The company had revenue of $15.94 million for the quarter, compared to the consensus estimate of $17.13 million. During the same quarter in the prior year, the company posted ($0.28) earnings per share. The company’s quarterly revenue was up 42.6% on a year-over-year basis.
Shares of Solazyme (NASDAQ:SZYM) traded up 1.17% during mid-day trading on Wednesday, hitting $10.36. The stock had a trading volume of 1,204,634 shares. Solazyme has a 1-year low of $8.00 and a 1-year high of $15.00. The stock has a 50-day moving average of $10.92 and a 200-day moving average of $11.11. The company’s market cap is $787.1 million.
On the ratings front, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Solazyme in a research note on Friday, May 30th. They now have a $15.00 price target on the stock. One research analyst has rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.00.
In other Solazyme news, Director Jerry Fiddler unloaded 12,000 shares of the company’s stock on the open market in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $10.07, for a total transaction of $120,840.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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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