The stock of Senomyx Inc. (NASDAQ:SNMX) is a huge mover today! About 546,019 shares traded hands or 147.87% up from the average. Senomyx Inc. (NASDAQ:SNMX) has risen 15.84% since February 26, 2016 and is uptrending. It has outperformed by 5.41% the S&P500.
The move comes after 6 months positive chart setup for the $187.37M company. It was reported on Sep, 30 by Barchart.com. We have $8.09 PT which if reached, will make NASDAQ:SNMX worth $174.25 million more.
Analysts await Senomyx Inc. (NASDAQ:SNMX) to report earnings on November, 3. They expect $-0.06 EPS, down 20.00% or $0.01 from last year’s $-0.05 per share. After $-0.05 actual EPS reported by Senomyx Inc. for the previous quarter, Wall Street now forecasts 20.00% negative EPS growth.
According to Zacks Investment Research, “Senomyx is using proprietary taste receptor technologies to discover and develop novel flavor ingredients. These include new flavors such as Savory Flavors and Cooling Flavors, as well as flavor modulators such as Bitter Blockers and enhancers of Sweet and Salt tastes. Senomyx is also engaged in a new effort to discover and develop natural high-potency sweeteners. The Company has product discovery and development collaborations with global food, beverage, and ingredient supply companies, some of which are currently marketing products that contain Senomyx’s flavor ingredients.”
Insitutional Activity: The institutional sentiment decreased to 0.84 in 2016 Q2. Its down 0.07, from 0.91 in 2016Q1. The ratio turned negative, as 18 funds sold all Senomyx Inc. shares owned while 20 reduced positions. 15 funds bought stakes while 17 increased positions. They now own 22.67 million shares or 12.66% less from 25.95 million shares in 2016Q1.
State Street holds 0% or 25,871 shares in its portfolio. Lagoda Inv Mngmt L P accumulated 4.57% or 4.45M shares. Davenport And Ltd Liability Com owns 98,330 shares or 0% of their US portfolio. Wharton Business Limited Liability Com has invested 0.01% of its portfolio in Senomyx Inc. (NASDAQ:SNMX). Td Asset Management last reported 0% of its portfolio in the stock. Alpine Prtnrs Vi Limited Company holds 0.08% of its portfolio in Senomyx Inc. (NASDAQ:SNMX) for 59,972 shares. Credit Suisse Ag holds 0% of its portfolio in Senomyx Inc. (NASDAQ:SNMX) for 86,084 shares. Millennium Mngmt Limited Liability Co holds 0% of its portfolio in Senomyx Inc. (NASDAQ:SNMX) for 55,400 shares. Wells Fargo & Mn has 52,300 shares for 0% of their US portfolio. The United Kingdom-based Oxford Asset Mngmt has invested 0.05% in Senomyx Inc. (NASDAQ:SNMX). Vnbtrust Natl Association has 54,125 shares for 0.09% of their US portfolio. The Kansas-based Creative Planning has invested 0% in Senomyx Inc. (NASDAQ:SNMX). Blackrock Investment Mgmt Ltd Com reported 7,748 shares or 0% of all its holdings. Botty Investors Lc has 400 shares for 0% of their US portfolio. Lmr Ltd Liability Partnership accumulated 34,212 shares or 0.01% of the stock.
More notable recent Senomyx Inc. (NASDAQ:SNMX) news were published by: Prnewswire.com which released: “SENOMYX ANNOUNCES FOURTH QUARTER AND FULL YEAR 2015 FINANCIAL RESULTS” on March 03, 2016, also Prnewswire.com with their article: “SENOMYX ANNOUNCES SECOND QUARTER 2016 FINANCIAL RESULTS” published on July 28, 2016, Prnewswire.com published: “Senomyx to Webcast Corporate Presentation at the Liolios Group 5th Annual …” on August 30, 2016. More interesting news about Senomyx Inc. (NASDAQ:SNMX) were released by: Streetinsider.com and their article: “Senomyx (SNMX) Extends PepsiCo Deal for 3 Years” published on September 30, 2016 as well as Seekingalpha.com‘s news article titled: “Senomyx: Coiled Or Broken Spring?” with publication date: April 27, 2016.
SNMX Company Profile
Senomyx, Inc., incorporated on September 16, 1998, is focused on using taste receptor technologies to discover, develop and commercialize flavor ingredients for the packaged food, beverage and ingredient supply industries. The Firm operates through development and commercialization of flavor ingredients segment. The Firm is engaged in the discovery, development and/or commercialization of flavor ingredients through its approximately five programs focused on sweet, savory, bitter, cooling and salt taste areas. The Company’s taste receptor assays are used in its screening systems and for screening its compound libraries and identifying flavor ingredients.
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