Jefferies' Laurence Alexander just announced a 'hold' rating on shares of Marrone Bio Innovations, Inc. (NASDAQ:MBII) alongside a price target of $1.15 per share. Based on three analysts we track that cover Marrone Bio, shares of MBII currently have an average price target of $2.33 per share.
With a last trade price of $1.18 for shares of Marrone Bio, this price target represents roughly 2.5% of potential downside.
Over the last few days, we've seen two large insider buy transactions on shares of MBII, sending bullish sentiment to existing and potential investors.
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