Senomyx (SNMX) Downgraded to “Strong Sell” at ValuEngine

Senomyx (NASDAQ:SNMX) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Friday, December 1st.

Separately, Zacks Investment Research upgraded Senomyx from a “hold” rating to a “buy” rating and set a $1.75 price objective on the stock in a report on Wednesday, November 22nd.

Shares of Senomyx (SNMX) opened at $1.55 on Friday. Senomyx has a 1-year low of $0.56 and a 1-year high of $1.71.

Senomyx (NASDAQ:SNMX) last posted its quarterly earnings data on Thursday, November 2nd. The specialty chemicals company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $5.06 million during the quarter. Senomyx had a negative net margin of 65.11% and a negative return on equity of 93.36%. equities analysts forecast that Senomyx will post -0.25 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Senomyx stock. Algert Global LLC grew its holdings in Senomyx Inc. (NASDAQ:SNMX) by 14.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 359,788 shares of the specialty chemicals company’s stock after acquiring an additional 46,000 shares during the quarter. Algert Global LLC owned 0.75% of Senomyx worth $218,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 26.86% of the company’s stock.

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About Senomyx

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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