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Senomyx (NASDAQ:SNMX) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday. The firm currently has a $7.60 price target on the stock. Zacks‘s price target would suggest a potential upside of 13.43% from the stock’s previous close.

A number of other analysts have also recently weighed in on SNMX. Analysts at Craig Hallum initiated coverage on shares of Senomyx in a research note on Thursday, June 19th. They set a “buy” rating and a $16.50 price target on the stock. 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $11.72.

Senomyx (NASDAQ:SNMX) traded up 1.19% during mid-day trading on Tuesday, hitting $6.78. The stock had a trading volume of 219,054 shares. Senomyx has a 52-week low of $2.95 and a 52-week high of $12.74. The stock’s 50-day moving average is $8.0 and its 200-day moving average is $8.44. The company’s market cap is $290.7 million.

Senomyx (NASDAQ:SNMX) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.06) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.08) by $0.02. The company had revenue of $7.34 million for the quarter, compared to the consensus estimate of $7.46 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was down 4.3% on a year-over-year basis. On average, analysts predict that Senomyx will post $-0.23 earnings per share for the current fiscal year.

Senomyx, Inc is focused on using taste receptor technologies to discover and develop flavor ingredients for the packaged food, beverage and ingredient supply industries.

To view Zacks’ full report, visit Zacks’ official website.

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