Solazyme (NASDAQ: SZYM) posted its quarterly earnings results on Wednesday. The company reported ($0.35) earnings per share for the quarter, missing the analysts? consensus estimate of ($0.31) by $0.04. The company had revenue of $8.40 million for the quarter, compared to the consensus estimate of $9.28 million. Solazyme?s revenue was down 43.6% compared to the same quarter last year.
Several analysts have also recently commented on the stock. Analysts at Cowen initiated coverage on shares of Solazyme in a research note to investors on Wednesday, January 30th. They set an ?outperform? rating on the stock. Analysts at Canaccord Genuity reiterated a ?buy? rating on shares of Solazyme in a research note to investors on Thursday, December 6th. They now have a $10.00 price target on the stock.
Ten investment analysts have rated the stock with a buy rating, two have given an overweight rating, and one has given a sell rating to the stock. Solazyme presently has an average rating of ?buy? and an average target price of $15.29.
Shares of Solazyme (SZYM) traded down 0.57% during mid-day trading on Wednesday, hitting $8.71. Solazyme (SZYM) has a one year low of $6.45 and a one year high of $16.31. The stock?s 50-day moving average is currently $8.01. The company?s market cap is $530.3 million.
Solazyme, Inc. (Solazyme) makes oil. The Company?s technology transforms a range of plant-based sugars into oils.