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Research analysts at Craig Hallum started coverage on shares of Senomyx (NASDAQ:SNMX) in a report released on Thursday, reports. The firm set a “buy” rating on the stock.

In other Senomyx news, CFO Antony E. Rogers sold 2,997 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $8.41, for a total transaction of $25,204.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Senomyx (NASDAQ:SNMX) opened at 8.35 on Thursday. Senomyx has a one year low of $1.81 and a one year high of $12.74. The stock’s 50-day moving average is $7.42 and its 200-day moving average is $7.73. The company’s market cap is $355.0 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. Analysts expect that Senomyx will post $-0.24 EPS for the current fiscal year.

A number of other firms have also recently commented on SNMX. Analysts at Lake Street Capital initiated coverage on shares of Senomyx in a research note on Monday, June 9th. 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. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $10.55.

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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