Senestech (NASDAQ:SNES) Announces Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Senestech (NASDAQ:SNES) released its quarterly earnings results on Monday. The company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.07, Zacks reports. Senestech had a negative return on equity of 141.37% and a negative net margin of 253.54%.The business had revenue of $0.69 million during the quarter, compared to analyst estimates of $0.73 million.

Senestech Price Performance

Senestech stock opened at $3.21 on Wednesday. The business’s 50 day simple moving average is $4.13 and its 200 day simple moving average is $4.05. Senestech has a 12 month low of $1.30 and a 12 month high of $6.24. The company has a market cap of $15.84 million, a price-to-earnings ratio of -0.88 and a beta of 0.36. The company has a current ratio of 9.23, a quick ratio of 8.35 and a debt-to-equity ratio of 0.03.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SNES. HC Wainwright upgraded shares of Senestech to a “strong-buy” rating in a research note on Friday, August 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Senestech in a report on Wednesday, October 8th. Zacks Research upgraded shares of Senestech to a “hold” rating in a research note on Monday, August 11th. Finally, Wall Street Zen raised shares of Senestech to a “hold” rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Senestech presently has a consensus rating of “Hold” and an average target price of $10.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Senestech stock. Jane Street Group LLC acquired a new position in Senestech, Inc. (NASDAQ:SNES) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 31,717 shares of the company’s stock, valued at approximately $161,000. Jane Street Group LLC owned about 1.41% of Senestech as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 5.19% of the company’s stock.

About Senestech

SenesTech, Inc develops a technology for managing animal pest populations through fertility control. It offers ContraPest, a liquid bait that limits reproduction of male and female rats. The company was incorporated in 2004 and is headquartered in Phoenix, Arizona.