Bioceres Crop Solutions (NASDAQ:BIOX) Trading 4.5% Higher – Still a Buy?

Bioceres Crop Solutions Corp. (NASDAQ:BIOX)’s stock price traded up 4.5% during mid-day trading on Wednesday . The stock traded as high as $4.39 and last traded at $4.38. 163,361 shares changed hands during trading, an increase of 5% from the average session volume of 156,314 shares. The stock had previously closed at $4.19.

Analysts Set New Price Targets

BIOX has been the subject of several recent analyst reports. Lake Street Capital lowered their price target on Bioceres Crop Solutions from $13.00 to $8.00 and set a “buy” rating for the company in a report on Friday, February 7th. Oppenheimer lowered their target price on shares of Bioceres Crop Solutions from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Finally, Canaccord Genuity Group dropped their target price on shares of Bioceres Crop Solutions from $7.00 to $6.50 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $9.88.

Bioceres Crop Solutions Stock Up 1.2 %

The company has a debt-to-equity ratio of 0.43, a current ratio of 1.33 and a quick ratio of 0.96. The firm has a market capitalization of $307.28 million, a price-to-earnings ratio of 245.12 and a beta of 0.73. The business has a fifty day moving average price of $5.27 and a two-hundred day moving average price of $6.42.

Hedge Funds Weigh In On Bioceres Crop Solutions

Institutional investors have recently bought and sold shares of the business. Ping Capital Management Inc. boosted its holdings in shares of Bioceres Crop Solutions by 7.3% in the 4th quarter. Ping Capital Management Inc. now owns 44,000 shares of the company’s stock valued at $268,000 after acquiring an additional 3,000 shares during the last quarter. Bank of America Corp DE lifted its position in Bioceres Crop Solutions by 186.8% during the fourth quarter. Bank of America Corp DE now owns 5,735 shares of the company’s stock valued at $35,000 after purchasing an additional 3,735 shares during the period. Stifel Financial Corp boosted its holdings in Bioceres Crop Solutions by 33.4% in the third quarter. Stifel Financial Corp now owns 40,790 shares of the company’s stock valued at $321,000 after purchasing an additional 10,224 shares during the last quarter. Jump Financial LLC acquired a new stake in Bioceres Crop Solutions during the 4th quarter worth about $72,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Bioceres Crop Solutions by 17.0% during the 4th quarter. JPMorgan Chase & Co. now owns 105,301 shares of the company’s stock valued at $640,000 after buying an additional 15,328 shares during the last quarter. 17.68% of the stock is owned by hedge funds and other institutional investors.

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.