Senestech, Inc. (SNES) Posts Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Senestech, Inc. (NASDAQ:SNES) released its quarterly earnings data on Thursday. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.28) by $0.07, Bloomberg Earnings reports. The company had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.10 million.

Shares of Senestech (SNES) traded down 3.28% on Friday, reaching $2.65. 43,544 shares of the company traded hands. Senestech has a 52-week low of $2.48 and a 52-week high of $10.69. The company’s market capitalization is $27.07 million. The firm has a 50-day moving average of $4.44 and a 200-day moving average of $6.75.

Several research analysts recently weighed in on SNES shares. Zacks Investment Research downgraded shares of Senestech from a “hold” rating to a “sell” rating in a research note on Thursday, June 1st. Roth Capital set a $14.00 target price on shares of Senestech and gave the company a “buy” rating in a research note on Saturday, May 13th.

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In related news, Director Grover T. Wickersham purchased 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was acquired at an average price of $2.85 per share, for a total transaction of $42,750.00. Following the transaction, the director now directly owns 238,600 shares of the company’s stock, valued at approximately $680,010. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas C. Chesterman sold 10,000 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $5.71, for a total value of $57,100.00. Following the completion of the transaction, the chief financial officer now owns 16,287 shares of the company’s stock, valued at approximately $92,998.77. The disclosure for this sale can be found here. Company insiders own 27.40% of the company’s stock.

A hedge fund recently bought a new stake in Senestech stock. White Pine Capital LLC purchased a new position in shares of Senestech, Inc. (NASDAQ:SNES) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,250 shares of the company’s stock, valued at approximately $110,000. White Pine Capital LLC owned 0.19% of Senestech at the end of the most recent quarter. Hedge funds and other institutional investors own 14.20% of the company’s stock.

About Senestech

SenesTech, Inc is a United States-based biotechnology platform and research company. The Company is engaged in developing a technology for managing animal populations by fertility control. It offers ContraPest, a fertility control product candidate. ContraPest’s technology and approach targets the reproductive capabilities of both sexes.

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