Cadiz, Inc. (NASDAQ:CDZI) received a $18.00 price objective from equities research analysts at B. Riley in a note issued to investors on Monday. The firm presently has a “buy” rating on the stock. B. Riley’s target price suggests a potential upside of 41.73% from the company’s current price.

Separately, BidaskClub downgraded shares of Cadiz from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th.

Shares of Cadiz (CDZI) traded up 0.39% during mid-day trading on Monday, reaching $12.75. The company had a trading volume of 57,856 shares. Cadiz has a 52-week low of $6.85 and a 52-week high of $16.25. The stock’s market capitalization is $283.78 million. The company’s 50-day moving average is $12.13 and its 200 day moving average is $13.44.

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In other news, CFO Timothy J. Shaheen sold 50,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $12.30, for a total transaction of $615,000.00. Following the transaction, the chief financial officer now owns 148,500 shares in the company, valued at approximately $1,826,550. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.56% of the company’s stock.

Several large investors have recently bought and sold shares of CDZI. State Street Corp bought a new position in shares of Cadiz during the 2nd quarter worth about $3,622,000. American Assets Capital Advisers increased its holdings in shares of Cadiz by 23.8% during the 2nd quarter. American Assets Capital Advisers now owns 1,040,484 shares of the company’s stock worth $14,147,000 after purchasing an additional 200,161 shares during the period. Northern Trust Corp increased its holdings in shares of Cadiz by 274.3% during the 2nd quarter. Northern Trust Corp now owns 254,385 shares of the company’s stock worth $3,434,000 after purchasing an additional 186,420 shares during the period. Vanguard Group Inc. increased its holdings in shares of Cadiz by 9.0% during the 2nd quarter. Vanguard Group Inc. now owns 922,533 shares of the company’s stock worth $12,454,000 after purchasing an additional 76,090 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Cadiz by 290.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 78,518 shares of the company’s stock worth $1,060,000 after purchasing an additional 58,430 shares during the period. Institutional investors own 52.75% of the company’s stock.

Cadiz Company Profile

Cadiz Inc is a land and water resource development company. As of December 31, 2016, the Company had 45,000 acres of land in three areas of eastern San Bernardino County, California. The Company’s primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture.

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