Enzymotec Ltd (ENZY) Rating Reiterated by Jefferies Group LLC
Enzymotec Ltd (NASDAQ:ENZY)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Group LLC in a report released on Thursday. They presently have a $11.50 target price on the biotechnology company’s stock. Jefferies Group LLC’s target price suggests a potential upside of 3.14% from the company’s current price.
A number of other analysts have also issued reports on ENZY. ValuEngine raised Enzymotec from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Zacks Investment Research raised Enzymotec from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Four research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $11.50.
Shares of Enzymotec (NASDAQ ENZY) traded down 0.45% during mid-day trading on Thursday, hitting $11.15. The stock had a trading volume of 15,561 shares. The firm has a 50 day moving average of $11.33 and a 200-day moving average of $9.33. Enzymotec has a one year low of $5.20 and a one year high of $12.35. The stock’s market cap is $255.88 million.
Enzymotec (NASDAQ:ENZY) last issued its quarterly earnings results on Wednesday, August 16th. The biotechnology company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.15). The firm had revenue of $13.00 million during the quarter, compared to analyst estimates of $12.78 million. Enzymotec had a negative return on equity of 6.78% and a negative net margin of 19.41%. The business’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 earnings per share. Equities research analysts expect that Enzymotec will post $0.14 earnings per share for the current fiscal year.
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Several large investors have recently modified their holdings of ENZY. Janus Henderson Group PLC acquired a new stake in shares of Enzymotec in the second quarter worth approximately $2,350,000. State Street Corp boosted its stake in shares of Enzymotec by 1.8% in the second quarter. State Street Corp now owns 20,952 shares of the biotechnology company’s stock worth $169,000 after acquiring an additional 380 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC acquired a new stake in shares of Enzymotec in the third quarter worth approximately $137,000. 27.98% of the stock is currently owned by hedge funds and other institutional investors.
Enzymotec Ltd. is a nutritional ingredients and medical foods company. The Company’s technologies, research expertise and clinical validation process enables it to develop solutions across a range of products. The Company operates in two segments: Nutrition segment and VAYA Pharma segment. Both of the Company’s segments offer a range of products that leverage its lipid-related offerings.
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