SenesTech (SNES) Lowered to Sell at Zacks Investment Research
Zacks Investment Research cut shares of SenesTech (NASDAQ:SNES) from a hold rating to a sell rating in a report issued on Thursday morning.
According to Zacks, “SenesTech, Inc. developed technology for managing animal pest populations through fertility control as opposed to a lethal approach. The Company’s fertility control product candidate, ContraPest(R), will be marketed for use initially in controlling rat infestations. SenesTech, Inc. is based in Flagstaff, Arizona. “
Separately, ValuEngine upgraded SenesTech from a hold rating to a buy rating in a report on Saturday, June 2nd.
SenesTech (NASDAQ:SNES) last posted its quarterly earnings results on Monday, August 13th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.12). SenesTech had a negative return on equity of 214.75% and a negative net margin of 13,362.22%. The company had revenue of $0.04 million for the quarter, compared to analysts’ expectations of $0.40 million. research analysts expect that SenesTech will post -0.61 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can purchased a new position in shares of SenesTech during the 2nd quarter worth $131,000. CVI Holdings LLC purchased a new position in shares of SenesTech during the 1st quarter worth $262,000. Finally, Sabby Management LLC raised its holdings in shares of SenesTech by 81.9% during the 1st quarter. Sabby Management LLC now owns 794,740 shares of the company’s stock worth $405,000 after acquiring an additional 357,877 shares during the period. Institutional investors and hedge funds own 8.11% of the company’s stock.
SenesTech, Inc develops a technology for managing animal pest populations through fertility control. The company focuses on commercializing ContraPest, a fertility control product for use in controlling rat populations. It is also developing a pipeline of fertility control and animal health products, including feral animal fertility control, non-surgical spay and neutering, boar taint, and animal cancer treatment.
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