Marrone Bio Innovations’ (MBII) Buy Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Marrone Bio Innovations, Inc. (NASDAQ:MBII) in a report published on Friday, May 12th.

MBII has been the topic of a number of other reports. Jefferies Group LLC reiterated a hold rating and issued a $2.50 price objective on shares of Marrone Bio Innovations in a research report on Tuesday, May 2nd. Zacks Investment Research upgraded Marrone Bio Innovations from a sell rating to a hold rating in a research report on Wednesday, January 18th.

Shares of Marrone Bio Innovations (NASDAQ:MBII) traded down 3.74% during mid-day trading on Friday, reaching $1.03. 105,568 shares of the company’s stock traded hands. The company has a 50 day moving average of $1.29 and a 200 day moving average of $1.89. The company’s market cap is $32.29 million. Marrone Bio Innovations has a 12 month low of $0.71 and a 12 month high of $2.79.

Marrone Bio Innovations (NASDAQ:MBII) last issued its quarterly earnings data on Wednesday, March 29th. The basic materials company reported ($0.32) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by $0.06. The firm had revenue of $2.69 million during the quarter. Analysts expect that Marrone Bio Innovations will post ($0.92) earnings per share for the current fiscal year.

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In related news, major shareholder Ardsley Advisory Partners acquired 50,000 shares of the stock in a transaction on Tuesday, April 25th. The stock was acquired at an average price of $1.72 per share, for a total transaction of $86,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.25% of the stock is currently owned by insiders.

An institutional investor recently bought a new position in Marrone Bio Innovations stock. Ardsley Advisory Partners acquired a new stake in Marrone Bio Innovations, Inc. (NASDAQ:MBII) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 774,438 shares of the basic materials company’s stock, valued at approximately $1,324,000. Ardsley Advisory Partners owned approximately 3.15% of Marrone Bio Innovations as of its most recent SEC filing. Institutional investors and hedge funds own 29.47% of the company’s stock.

Marrone Bio Innovations Company Profile

Marrone Bio Innovations, Inc offers bio-based pest management and plant health products. The Company’s bio-based products include naturally occurring microorganisms, such as bacteria, fungi and plant extracts. It sells its products to crop protection market. Its four crop protection products include Regalia, Grandevo, Venerate and Majestene.

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