Is Codexis Inc (NASDAQ:CDXS) Going to Burn These Institutional Investors?

September 14, 2018 - By Theresa McIntyre

Codexis, Inc. (NASDAQ:CDXS) Logo

Sentiment for Codexis Inc (NASDAQ:CDXS)

Codexis Inc (NASDAQ:CDXS) institutional sentiment increased to 5.46 in Q2 2018. Its up 4.12, from 1.34 in 2018Q1. The ratio has increased, as 71 investment professionals started new or increased stock positions, while 13 reduced and sold stakes in Codexis Inc. The investment professionals in our partner’s database now have: 68.79 million shares, up from 28.16 million shares in 2018Q1. Also, the number of investment professionals holding Codexis Inc in their top 10 stock positions was flat from 4 to 4 for the same number . Sold All: 6 Reduced: 7 Increased: 47 New Position: 24.

Codexis, Inc. discovers, develops, and sells protein catalysts. The company has market cap of $1.01 billion. 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 increased 0.53% or $0.1 during the last trading session, reaching $18.95. About 74,746 shares traded. Codexis, Inc. (NASDAQ:CDXS) has risen 221.55% since September 14, 2017 and is uptrending. It has outperformed by 205.93% the S&P500.

Analysts await Codexis, Inc. (NASDAQ:CDXS) to report earnings on November, 8. They expect $-0.07 earnings per share, up 66.67 % or $0.14 from last year’s $-0.21 per share. After $-0.07 actual earnings per share reported by Codexis, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Opaleye Management Inc. holds 6.52% of its portfolio in Codexis, Inc. for 1.75 million shares. Telemark Asset Management Llc owns 3.35 million shares or 6.07% of their US portfolio. Moreover, Nantahala Capital Management Llc has 3.89% invested in the company for 6.68 million shares. The Oklahoma-based Prescott Group Capital Management L.L.C. has invested 3.2% in the stock. First Light Asset Management Llc, a Minnesota-based fund reported 841,419 shares.

Since January 1, 0001, it had 0 buys, and 25 insider sales for $9.13 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 $1600 while the high is $18. The stock’s average target of $17 is -10.29% below today’s ($18.95) share price. CDXS was included in 2 notes of analysts from May 16, 2018. The stock of Codexis, Inc. (NASDAQ:CDXS) earned “Buy” rating by Stephens on Wednesday, May 16.

More news for Codexis, Inc. (NASDAQ:CDXS) were recently published by: Fool.com, which released: “Here’s Why Codexis Gained 19.4% in August” on September 04, 2018. Nasdaq.com‘s article titled: “Codexis to Present at Three Investment Conferences in September” and published on August 29, 2018 is yet another important article.

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

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