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Laidlaw Initiates Coverage on Senti Biosciences (NASDAQ:SNTI)

Senti Biosciences logo with Medical background

Equities research analysts at Laidlaw initiated coverage on shares of Senti Biosciences (NASDAQ:SNTI - Get Free Report) in a research report issued on Friday, MarketBeat Ratings reports. The brokerage set a "buy" rating and a $5.00 price target on the stock. Laidlaw's price target points to a potential upside of 60.26% from the company's previous close.

Separately, Chardan Capital restated a "buy" rating and set a $12.00 price objective on shares of Senti Biosciences in a report on Friday, May 2nd.

Read Our Latest Stock Report on SNTI

Senti Biosciences Price Performance

Shares of Senti Biosciences stock traded down $0.72 during trading on Friday, reaching $3.12. 287,738 shares of the company traded hands, compared to its average volume of 804,275. Senti Biosciences has a 1-year low of $1.52 and a 1-year high of $16.94. The company has a 50 day moving average price of $3.39 and a 200-day moving average price of $3.84. The firm has a market capitalization of $81.37 million, a PE ratio of -0.20 and a beta of 2.23.

Senti Biosciences (NASDAQ:SNTI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($1.41) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.85). The business had revenue of $1.30 million for the quarter, compared to analysts' expectations of $1.30 million. Equities research analysts expect that Senti Biosciences will post -14.54 earnings per share for the current year.

Institutional Trading of Senti Biosciences

Several institutional investors have recently made changes to their positions in SNTI. Virtu Financial LLC bought a new stake in shares of Senti Biosciences in the 4th quarter worth $47,000. Renaissance Technologies LLC bought a new stake in shares of Senti Biosciences in the 4th quarter worth $181,000. Heights Capital Management Inc. bought a new stake in shares of Senti Biosciences in the 1st quarter worth $2,520,000. Finally, Nantahala Capital Management LLC bought a new stake in shares of Senti Biosciences in the 1st quarter worth $2,984,000. Institutional investors own 25.73% of the company's stock.

About Senti Biosciences

(Get Free Report)

Senti Biosciences, Inc operates as a preclinical biotechnology company that develops next-generation cell and gene therapies engineered with its gene circuit platform technologies for various diseases. Its lead product candidates utilize allogeneic chimeric antigen receptor natural killer (CAR-NK) cells outfitted with its gene circuit technologies in various oncology indications.

Further Reading

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