Lake Street Capital set a $5.00 target price on RiceBran Technologies (NASDAQ:RIBT) in a research note released on Wednesday morning, The Fly reports. The brokerage currently has a buy rating on the stock.

Separately, Maxim Group reaffirmed a hold rating on shares of RiceBran Technologies in a report on Friday, August 3rd.

Shares of RiceBran Technologies stock traded down $0.12 during trading on Wednesday, hitting $2.75. The stock had a trading volume of 83,916 shares, compared to its average volume of 71,133. RiceBran Technologies has a 12 month low of $1.17 and a 12 month high of $3.46.

RiceBran Technologies (NASDAQ:RIBT) last released its quarterly earnings results on Tuesday, November 6th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.02. The firm had revenue of $3.46 million for the quarter. RiceBran Technologies had a negative net margin of 74.93% and a negative return on equity of 45.57%.

In other news, major shareholder Grain Co Continental purchased 123,779 shares of the firm’s stock in a transaction dated Thursday, August 30th. The shares were purchased at an average price of $3.21 per share, with a total value of $397,330.59. Following the completion of the acquisition, the insider now owns 4,626,221 shares in the company, valued at approximately $14,850,169.41. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders bought 388,542 shares of company stock worth $1,164,062. Insiders own 10.18% of the company’s stock.

Large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in RiceBran Technologies by 340.2% in the second quarter. BlackRock Inc. now owns 60,264 shares of the company’s stock worth $130,000 after acquiring an additional 46,574 shares in the last quarter. JPMorgan Chase & Co. boosted its position in RiceBran Technologies by 253.4% during the third quarter. JPMorgan Chase & Co. now owns 101,860 shares of the company’s stock valued at $292,000 after buying an additional 73,036 shares during the period. Finally, Renaissance Technologies LLC boosted its position in RiceBran Technologies by 190.7% during the second quarter. Renaissance Technologies LLC now owns 669,200 shares of the company’s stock valued at $1,445,000 after buying an additional 439,000 shares during the period. Institutional investors own 11.03% of the company’s stock.

RiceBran Technologies Company Profile

RiceBran Technologies processes and markets healthy, natural, and nutrient dense products derived from raw rice bran. The company manufactures and distributes stabilized rice bran (SRB) in various granulations with other products and derivatives. It offers RiBalance, a rice bran nutritional package derived from further processing of SRB; RiSolubles, a nutritious carbohydrate and lipid rich fraction of RiBalance; RiFiber, a protein and fiber rich derivative of RiBalance; and protein and protein/fiber blends under the ProRyza brand.

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