Insider Selling: Stephen A. Block Sells 28,750 Shares of Senomyx Stock (SNMX)
Senomyx (NASDAQ:SNMX) Director Stephen A. Block sold 28,750 shares of Senomyx stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $8.21, for a total value of $236,037.50. Following the completion of the sale, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $8,210. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Senomyx (NASDAQ:SNMX) traded up 2.07% during mid-day trading on Wednesday, hitting $8.38. The stock had a trading volume of 394,856 shares. Senomyx has a 1-year low of $1.81 and a 1-year high of $12.74. The stock has a 50-day moving average of $7.52 and a 200-day moving average of $7.60. The company’s market cap is $356.3 million.
Senomyx (NASDAQ:SNMX) last released its 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. On average, analysts predict that Senomyx will post $-0.23 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Lake Street Capital initiated coverage on shares of Senomyx in a research note on Monday. They set a “buy” rating and a $14.00 price target on the stock. Separately, 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. Finally, 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, 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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