Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Bioceres Crop Solutions Corp. (NASDAQ:BIOX) has received a consensus rating of "Hold" from five rating firms, with one sell rating, two hold ratings, and two buy ratings.
• The average 12-month target price for BIOX shares is currently set at $4.1667, as reported by brokers.
• Institutional investors have shown activity in the stock, with Fourth Sail Capital LP increasing its stake by 25.1%, now owning over $21 million worth of shares.

Shares of Bioceres Crop Solutions Corp. (NASDAQ:BIOX - Get Free Report) have been given a consensus rating of "Hold" by the five ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $4.1667.

BIOX has been the topic of several research analyst reports. Oppenheimer set a $5.00 target price on shares of Bioceres Crop Solutions in a report on Tuesday, September 9th. Weiss Ratings reissued a "sell (d)" rating on shares of Bioceres Crop Solutions in a research note on Saturday, September 27th. Brookline Capital Management cut Bioceres Crop Solutions from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Lake Street Capital lowered their price target on Bioceres Crop Solutions from $8.00 to $5.00 and set a "buy" rating for the company in a research report on Wednesday, September 10th. Finally, Wall Street Zen lowered Bioceres Crop Solutions from a "hold" rating to a "sell" rating in a report on Saturday, September 13th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Fourth Sail Capital LP lifted its position in Bioceres Crop Solutions by 25.1% during the 1st quarter. Fourth Sail Capital LP now owns 4,627,669 shares of the company's stock worth $21,125,000 after acquiring an additional 928,708 shares during the period. Ardsley Advisory Partners LP increased its position in Bioceres Crop Solutions by 4.7% in the 2nd quarter. Ardsley Advisory Partners LP now owns 993,614 shares of the company's stock valued at $4,441,000 after acquiring an additional 45,000 shares during the period. Long Focus Capital Management LLC boosted its stake in shares of Bioceres Crop Solutions by 11.4% during the 1st quarter. Long Focus Capital Management LLC now owns 829,748 shares of the company's stock worth $3,788,000 after acquiring an additional 85,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Bioceres Crop Solutions by 9.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 823,916 shares of the company's stock worth $3,761,000 after purchasing an additional 71,581 shares during the period. Finally, Allianz Asset Management GmbH raised its position in shares of Bioceres Crop Solutions by 77.5% in the 1st quarter. Allianz Asset Management GmbH now owns 236,717 shares of the company's stock worth $1,081,000 after buying an additional 103,337 shares during the period. 17.68% of the stock is currently owned by hedge funds and other institutional investors.

Bioceres Crop Solutions Price Performance

Shares of BIOX stock traded up $0.03 during mid-day trading on Friday, reaching $1.34. The company's stock had a trading volume of 756,731 shares, compared to its average volume of 737,227. The firm's 50-day moving average is $2.56 and its two-hundred day moving average is $3.78. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.74 and a current ratio of 1.02. Bioceres Crop Solutions has a 1-year low of $1.20 and a 1-year high of $7.89. The company has a market cap of $84.03 million, a P/E ratio of -1.65 and a beta of 0.33.

Bioceres Crop Solutions Company Profile

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.

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