Arcadia Biosciences (NASDAQ:RKDA) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Arcadia Biosciences, Inc. is engaged in developing and commercializing agricultural products primarily in the United States. The Company’s product includes nitrogen use crops, salt tolerant plants, sunflower oil and shelf-life produce. Arcadia Biosciences, Inc. is headquartered in Davis, California. “
Several other equities research analysts have also weighed in on RKDA. ValuEngine upgraded shares of Arcadia Biosciences from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. HC Wainwright set a $20.00 target price on shares of Arcadia Biosciences and gave the stock a “buy” rating in a report on Thursday, December 13th.
Large investors have recently modified their holdings of the stock. Vanguard Group Inc acquired a new stake in shares of Arcadia Biosciences during the third quarter worth $91,000. Dimensional Fund Advisors LP acquired a new stake in shares of Arcadia Biosciences during the third quarter worth $112,000. Finally, Virtu Financial LLC acquired a new stake in shares of Arcadia Biosciences during the third quarter worth $121,000. Institutional investors and hedge funds own 8.88% of the company’s stock.
About Arcadia Biosciences
Arcadia Biosciences, Inc, an agricultural food ingredient company, develops and commercializes health and nutrition ingredient traits worldwide. The company offers a suite of agricultural productivity traits, including nitrogen use efficiency, water use efficiency and drought tolerance, salinity tolerance, and herbicide tolerance traits.
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