Stock of the Day: Time to Buy Senomyx Inc. After Today’s Significant Increase?

Stock of the Day: Time to Buy Senomyx Inc. After Today's Significant Increase?

The stock of Senomyx Inc. (NASDAQ:SNMX) is a huge mover today! About 457,146 shares traded hands or 66.33% up from the average. Senomyx Inc. (NASDAQ:SNMX) has risen 3.46% since March 7, 2016 and is uptrending. It has underperformed by 4.13% the S&P500.
The move comes after 5 months positive chart setup for the $106.97M company. It was reported on Oct, 10 by Barchart.com. We have $6.37 PT which if reached, will make NASDAQ:SNMX worth $116.60 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 Q2 2016. Its down 0.07, from 0.91 in 2016Q1. The ratio is 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.
Vanguard Gru has invested 0% of its portfolio in Senomyx Inc. (NASDAQ:SNMX). Messner & Smith Theme Value Limited Ca holds 1.16% of its portfolio in Senomyx Inc. (NASDAQ:SNMX) for 228,131 shares. Princeton Management Inc holds 242,315 shares or 0.46% of its portfolio. Morgan Stanley owns 25,493 shares or 0% of their US portfolio. Finemark National Bank & Trust Trust has 6,056 shares for 0% of their US portfolio. The New York-based Garrison Bradford Assoc has invested 0.09% in Senomyx Inc. (NASDAQ:SNMX). Citigroup last reported 15,157 shares in the company. Blackrock Advsr Limited Liability Company has invested 0% of its portfolio in Senomyx Inc. (NASDAQ:SNMX). Us Bank De holds 1,000 shares or 0% of its portfolio. Wells Fargo & Mn last reported 52,300 shares in the company. William Harris Invsts has invested 0.25% of its portfolio in Senomyx Inc. (NASDAQ:SNMX). New York State Common Retirement Fund last reported 0% of its portfolio in the stock. Vnbtrust Natl Association reported 54,125 shares or 0.09% of all its holdings. Wharton Business Group Inc Ltd Llc reported 41,766 shares or 0.01% of all its holdings. Manufacturers Life Insurance The holds 0% of its portfolio in Senomyx Inc. (NASDAQ:SNMX) for 245 shares.

More notable recent Senomyx Inc. (NASDAQ:SNMX) news were published by: Prnewswire.com which released: “SENOMYX AND PEPSICO EXTEND SWEET TASTE PROGRAM COLLABORATION FOR THREE …” on September 30, 2016, also Prnewswire.com with their article: “SENOMYX ANNOUNCES SECOND QUARTER 2016 FINANCIAL RESULTS” published on July 28, 2016, Quotes.Wsj.com published: “Senomyx Inc. SNMX (US: Nasdaq)” on February 11, 2011. More interesting news about Senomyx Inc. (NASDAQ:SNMX) were released by: Prnewswire.com and their article: “SENOMYX ANNOUNCES FOURTH QUARTER AND FULL YEAR 2015 FINANCIAL RESULTS” published on March 03, 2016 as well as Prnewswire.com‘s news article titled: “Senomyx to Webcast Corporate Presentation at the Liolios Group 5th Annual …” with publication date: August 30, 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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