Prescott Group Capital Management L.L.C. continued to hold its stake in shares of Senomyx, Inc. (NASDAQ:SNMX) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 274,771 shares of the specialty chemicals company’s stock at the end of the second quarter. Prescott Group Capital Management L.L.C. owned about 0.58% of Senomyx worth $228,000 as of its most recent filing with the SEC.
Separately, Cowen Prime Services LLC increased its position in Senomyx by 0.8% in the first quarter. Cowen Prime Services LLC now owns 345,351 shares of the specialty chemicals company’s stock valued at $342,000 after buying an additional 2,700 shares during the last quarter. Institutional investors own 31.70% of the company’s stock.
Senomyx, Inc. (SNMX) opened at 0.62 on Friday. The company’s market cap is $29.46 million. Senomyx, Inc. has a 1-year low of $0.59 and a 1-year high of $4.85. The stock’s 50 day moving average price is $0.78 and its 200 day moving average price is $0.93.
Senomyx (NASDAQ:SNMX) last issued its quarterly earnings results on Thursday, July 27th. The specialty chemicals company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $4.87 million during the quarter, compared to analysts’ expectations of $4.60 million. Senomyx had a negative return on equity of 85.22% and a negative net margin of 63.38%. The business’s quarterly revenue was down 25.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.05) earnings per share. On average, equities analysts anticipate that Senomyx, Inc. will post ($0.27) earnings per share for the current fiscal year.
Several research firms have recently weighed in on SNMX. Zacks Investment Research downgraded Senomyx from a “hold” rating to a “sell” rating in a research note on Saturday, April 29th. ValuEngine downgraded Senomyx from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Finally, Roth Capital set a $2.00 price target on Senomyx and gave the stock a “hold” rating in a research note on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Senomyx currently has a consensus rating of “Hold” and a consensus price target of $2.00.
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.
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