Bioceres Crop Solutions (NASDAQ:BIOX) Upgraded at Wall Street Zen

Key Points

• Bioceres Crop Solutions has been upgraded from a sell to a hold rating by Wall Street Zen, indicating a more neutral outlook on the stock.
• Oppenheimer has reduced its price target for Bioceres from $7.00 to $6.00 while still maintaining an "outperform" rating.
• The company's recent earnings report showed a loss of $0.02 per share, which was better than expected, with revenues of $59.60 million compared to estimates of $61.80 million.

Wall Street Zen upgraded shares of Bioceres Crop Solutions (NASDAQ:BIOX - Free Report) from a sell rating to a hold rating in a research report report published on Saturday.

Separately, Oppenheimer decreased their target price on shares of Bioceres Crop Solutions from $7.00 to $6.00 and set an "outperform" rating for the company in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $8.38.

Bioceres Crop Solutions Stock Down 0.5%

BIOX traded down $0.02 during trading hours on Friday, hitting $3.65. 60,129 shares of the company's stock were exchanged, compared to its average volume of 124,897. The company has a current ratio of 1.02, a quick ratio of 0.74 and a debt-to-equity ratio of 0.22. Bioceres Crop Solutions has a 12-month low of $3.50 and a 12-month high of $11.41. The firm has a market cap of $228.89 million, a P/E ratio of -26.07, a price-to-earnings-growth ratio of 1.57 and a beta of 0.41. The firm has a 50 day moving average of $4.46 and a 200 day moving average of $4.79.

Bioceres Crop Solutions (NASDAQ:BIOX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.08. The firm had revenue of $59.60 million during the quarter, compared to analysts' expectations of $61.80 million. Bioceres Crop Solutions had a negative net margin of 2.14% and a negative return on equity of 2.37%. Analysts predict that Bioceres Crop Solutions will post -0.05 EPS for the current fiscal year.

Institutional Trading of Bioceres Crop Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the company. Avanza Fonder AB lifted its stake in shares of Bioceres Crop Solutions by 62.9% in the second quarter. Avanza Fonder AB now owns 26,164 shares of the company's stock worth $117,000 after buying an additional 10,099 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Bioceres Crop Solutions by 3,535.8% in the first quarter. Jones Financial Companies Lllp now owns 5,490 shares of the company's stock worth $25,000 after buying an additional 5,339 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Bioceres Crop Solutions by 9.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 823,916 shares of the company's stock worth $3,761,000 after buying an additional 71,581 shares during the last quarter. PDT Partners LLC bought a new position in Bioceres Crop Solutions during the first quarter worth $81,000. Finally, Long Focus Capital Management LLC increased its position in Bioceres Crop Solutions by 11.4% during the first 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 during the period. 17.68% of the stock is currently 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.