Codexis Inc (NASDAQ:CDXS) Stock Price While Sentiment Worsens

May 25, 2018 - By Adrian Mccoy

Codexis, Inc. (NASDAQ:CDXS) Logo

Sentiment for Codexis Inc (NASDAQ:CDXS)

Codexis Inc (NASDAQ:CDXS) institutional sentiment decreased to 2.17 in Q4 2017. Its down -0.03, from 2.2 in 2017Q3. The ratio dropped, as 39 hedge funds opened new and increased equity positions, while 18 sold and reduced their holdings in Codexis Inc. The hedge funds in our partner’s database now possess: 28.02 million shares, up from 25.60 million shares in 2017Q3. Also, the number of hedge funds holding Codexis Inc in their top 10 equity positions increased from 3 to 4 for an increase of 1. Sold All: 3 Reduced: 15 Increased: 27 New Position: 12.

Codexis, Inc. discovers, develops, and sells protein catalysts. The company has market cap of $742.70 million. It also offers intermediate chemicals products that are used for further chemical processing; and Codex biocatalyst panels and kits that enable clients to perform chemistry screening. It currently has negative earnings. The firm also provides protein catalyst screening and protein engineering services.

The stock decreased 1.06% or $0.15 during the last trading session, reaching $13.95. About 166,028 shares traded. Codexis, Inc. (NASDAQ:CDXS) has risen 125.77% since May 25, 2017 and is uptrending. It has outperformed by 114.22% the S&P500.

Analysts await Codexis, Inc. (NASDAQ:CDXS) to report earnings on August, 8. They expect $-0.03 EPS, up 76.92 % or $0.10 from last year’s $-0.13 per share. After $-0.10 actual EPS reported by Codexis, Inc. for the previous quarter, Wall Street now forecasts -70.00 % EPS growth.

Telemark Asset Management Llc holds 5.32% of its portfolio in Codexis, Inc. for 3.25 million shares. Opaleye Management Inc. owns 1.70 million shares or 4.55% of their US portfolio. Moreover, Prescott Group Capital Management L.L.C. has 3.69% invested in the company for 2.13 million shares. The Connecticut-based Nantahala Capital Management Llc has invested 2.48% in the stock. First Light Asset Management Llc, a Minnesota-based fund reported 804,224 shares.

Since January 1, 0001, it had 0 buys, and 8 insider sales for $2.03 million activity.

Codexis, Inc. (NASDAQ:CDXS) Ratings Coverage

Ratings analysis reveals 100% of Codexis’s analysts are positive. Out of 2 Wall Street analysts rating Codexis, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $11.5 while the high is $1600. The stock’s average target of $13.75 is -1.43% below today’s ($13.95) share price. CDXS was included in 2 notes of analysts from March 12, 2018. The rating was maintained by H.C. Wainwright with “Buy” on Monday, March 12. The company was initiated on Wednesday, May 16 by Stephens.

More important recent Codexis, Inc. (NASDAQ:CDXS) news were published by: Seekingalpha.com which released: “Codexis’ (CDXS) CEO John Nicols on Q1 2018 Results – Earnings Call Transcript” on May 11, 2018, also Globenewswire.com published article titled: “Codexis to Hold First Quarter 2018 Conference Call on May 10”, Fool.com published: “3 High-Growth Stocks That Are Just Getting Started” on May 12, 2018. More interesting news about Codexis, Inc. (NASDAQ:CDXS) was released by: Globenewswire.com and their article: “Codexis Reports First Quarter 2018 Financial Results” with publication date: May 10, 2018.

Codexis, Inc. (NASDAQ:CDXS) Institutional Positions Chart

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