Senomyx Receives New Coverage from Analysts at Lake Street Capital (SNMX)
Analysts at Lake Street Capital started coverage on shares of Senomyx (NASDAQ:SNMX) in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $14.00 price target on the stock. Lake Street Capital’s target price suggests a potential upside of 68.47% from the company’s current price.
In other Senomyx news, CEO John Poyhonen sold 37,600 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $8.00, for a total transaction of $300,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of other firms have also recently commented on SNMX. Analysts at Zacks upgraded shares of Senomyx from an “underperform” rating to a “neutral” rating in a research note on Friday, May 2nd. They now have a $7.70 price target on the stock. Separately, analysts at Needham & Company LLC initiated coverage on shares of Senomyx in a research note on Friday, April 4th. They set a “buy” rating and a $16.00 price target on the stock.
Senomyx (NASDAQ:SNMX) traded down 1.81% during mid-day trading on Monday, hitting $8.16. 207,901 shares of the company’s stock traded hands. Senomyx has a one year low of $1.81 and a one year high of $12.74. The stock has a 50-day moving average of $7.52 and a 200-day moving average of $7.48. The company’s market cap is $346.9 million.
Senomyx (NASDAQ:SNMX) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $8.20 million for the quarter, compared to the consensus estimate of $7.60 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts expect that Senomyx will post $-0.23 EPS for the current fiscal year.
Senomyx, Inc is focused on using taste receptor-based assays and screening technologies to discover and develop flavors, flavor enhancers and bitter blockers for the packaged food, beverage and ingredient supply industries.
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