Evogene (NASDAQ:EVGN) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Evogene (NASDAQ:EVGN) in a research note published on Wednesday morning. The brokerage issued a sell rating on the biotechnology company’s stock.

Separately, Lake Street Capital cut their target price on shares of Evogene from $30.00 to $12.00 and set a buy rating on the stock in a research note on Friday, August 23rd.

Evogene Trading Up 3.0 %

Shares of NASDAQ EVGN opened at $2.58 on Wednesday. The firm has a 50-day moving average of $3.27 and a two-hundred day moving average of $5.47. The company has a market capitalization of $106.13 million, a price-to-earnings ratio of -5.60 and a beta of 1.40. Evogene has a twelve month low of $2.29 and a twelve month high of $10.40.

Evogene (NASDAQ:EVGN) last posted its quarterly earnings results on Thursday, August 22nd. The biotechnology company reported ($1.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.94). The company had revenue of $0.91 million during the quarter. Evogene had a negative net margin of 210.26% and a negative return on equity of 72.33%.

Hedge Funds Weigh In On Evogene

An institutional investor recently bought a new position in Evogene stock. Renaissance Investment Group LLC acquired a new position in Evogene Ltd. (NASDAQ:EVGN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,000 shares of the biotechnology company’s stock, valued at approximately $31,000. Institutional investors and hedge funds own 10.40% of the company’s stock.

Evogene Company Profile

Evogene Ltd., together with its subsidiaries, operates as a computational biology company. It focuses on product discovery and development in life-science based industries, including human health and agriculture, through the use of its Computational Predictive Biology (CPB) platform. The company operates through three segments: Agriculture, Human Health, and Industrial Applications.