Senomyx (SNMX) Lowered to Strong Sell at ValuEngine
ValuEngine cut shares of Senomyx (NASDAQ:SNMX) from a sell rating to a strong sell rating in a research report sent to investors on Friday morning.
Separately, Zacks Investment Research raised shares of Senomyx from a hold rating to a buy rating and set a $1.75 target price on the stock in a research report on Wednesday, November 22nd.
Shares of Senomyx (NASDAQ SNMX) traded down $0.04 during trading hours on Friday, hitting $1.45. 109,914 shares of the stock were exchanged, compared to its average volume of 485,837. Senomyx has a fifty-two week low of $0.56 and a fifty-two week high of $1.71.
Senomyx (NASDAQ:SNMX) last issued its earnings results on Thursday, November 2nd. The specialty chemicals company reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.02. The business had revenue of $5.06 million for the quarter. Senomyx had a negative net margin of 65.11% and a negative return on equity of 93.36%. research analysts anticipate that Senomyx will post -0.25 EPS for the current year.
An institutional investor recently raised its position in Senomyx stock. Cowen Prime Services LLC boosted its holdings in shares of Senomyx, Inc. (NASDAQ:SNMX) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 353,551 shares of the specialty chemicals company’s stock after buying an additional 8,200 shares during the quarter. Cowen Prime Services LLC owned approximately 0.74% of Senomyx worth $293,000 as of its most recent SEC filing. 26.86% of the stock is currently owned by institutional investors and hedge funds.
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Senomyx Company Profile
Senomyx, Inc is focused on using taste receptor technologies to discover, develop and commercialize flavor ingredients for the packaged food, beverage and ingredient supply industries. The Company operates through development and commercialization of flavor ingredients segment. It is engaged in the discovery, development and/or commercialization of flavor ingredients through over five programs.
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