Wall Street Zen Upgrades Bioceres Crop Solutions (NASDAQ:BIOX) to “Hold”

Bioceres Crop Solutions (NASDAQ:BIOX) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Separately, Oppenheimer dropped their price objective on Bioceres Crop Solutions from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $8.63.

Bioceres Crop Solutions Trading Down 4.0%

Shares of Bioceres Crop Solutions stock opened at $4.54 on Friday. Bioceres Crop Solutions has a 12-month low of $3.51 and a 12-month high of $11.78. The stock has a market cap of $284.70 million, a P/E ratio of -32.43 and a beta of 0.44. The company has a quick ratio of 0.96, a current ratio of 1.32 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $4.56 and its 200-day moving average is $5.22.

Bioceres Crop Solutions (NASDAQ:BIOX) last announced its quarterly earnings data on Wednesday, May 21st. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. Bioceres Crop Solutions had a negative return on equity of 2.36% and a negative net margin of 2.14%. The company had revenue of $59.60 million for the quarter, compared to analysts’ expectations of $61.80 million. Equities research analysts predict that Bioceres Crop Solutions will post -0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp increased its holdings in shares of Bioceres Crop Solutions by 3,535.8% during the 1st quarter. Jones Financial Companies Lllp now owns 5,490 shares of the company’s stock worth $25,000 after acquiring an additional 5,339 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Bioceres Crop Solutions by 186.8% during the 4th quarter. Bank of America Corp DE now owns 5,735 shares of the company’s stock worth $35,000 after acquiring an additional 3,735 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Bioceres Crop Solutions during the 4th quarter worth approximately $72,000. Northern Trust Corp acquired a new position in shares of Bioceres Crop Solutions during the 4th quarter worth approximately $93,000. Finally, Avanza Fonder AB acquired a new position in shares of Bioceres Crop Solutions during the 1st quarter worth approximately $72,000. 17.68% of the stock is owned by institutional investors and hedge funds.

About Bioceres Crop Solutions

Bioceres Crop Solutions Corp., together with its subsidiaries, provides crop productivity solutions. It operates through Seed and Integrated Products, Crop Protection, and Crop Nutrition segments. The Seed and Integrated Products segment provides seed traits, germplasms, and seed treatment packs for healthier, and higher yielding crops.