Shares of Senomyx Inc. (NASDAQ:SNMX) dropped 0.9% on Wednesday . The company traded as low as $4.31 and last traded at $4.43, with a volume of 93,695 shares. The stock had previously closed at $4.47.

Separately, Zacks Investment Research raised shares of Senomyx from a “hold” rating to a “strong-buy” rating and set a $4.00 price objective for the company in a research note on Wednesday, August 3rd.

The stock’s market capitalization is $200.09 million. The company’s 50 day moving average is $4.12 and its 200-day moving average is $3.05.

Senomyx (NASDAQ:SNMX) last posted its earnings results on Thursday, July 28th. The company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The company had revenue of $6.60 million for the quarter, compared to analyst estimates of $6.20 million. Senomyx had a negative return on equity of 51.25% and a negative net margin of 37.41%. Senomyx’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.06) earnings per share. On average, equities research analysts predict that Senomyx Inc. will post ($0.25) EPS for the current year.

A number of hedge funds have recently bought and sold shares of SNMX. DAVENPORT & Co LLC raised its stake in Senomyx by 20.3% in the first quarter. DAVENPORT & Co LLC now owns 98,830 shares of the company’s stock valued at $257,000 after buying an additional 16,700 shares during the period. Oxford Asset Management raised its stake in Senomyx by 65.9% in the second quarter. Oxford Asset Management now owns 434,231 shares of the company’s stock valued at $1,194,000 after buying an additional 172,502 shares during the period. Princeton Capital Management Inc. raised its stake in Senomyx by 2.5% in the second quarter. Princeton Capital Management Inc. now owns 242,315 shares of the company’s stock valued at $666,000 after buying an additional 5,800 shares during the period. Algert Global LLC raised its stake in Senomyx by 61.5% in the first quarter. Algert Global LLC now owns 206,153 shares of the company’s stock valued at $536,000 after buying an additional 78,533 shares during the period. Finally, William Harris Investors Inc. raised its stake in Senomyx by 15.9% in the first quarter. William Harris Investors Inc. now owns 360,168 shares of the company’s stock valued at $936,000 after buying an additional 49,447 shares during the period. 50.85% of the stock is currently owned by institutional investors.

About Senomyx

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.

5 Day Chart for NASDAQ:SNMX

Receive News & Ratings for Senomyx Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Senomyx Inc. and related companies with MarketBeat.com's FREE daily email newsletter.