Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) Director Douglas Roeder Acquires 13,953 Shares of Stock

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) Director Douglas Roeder bought 13,953 shares of Senseonics Holdings, Inc. Common Stock stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average cost of $8.98 per share, for a total transaction of $125,297.94. Following the completion of the transaction, the director directly owned 171,191 shares in the company, valued at approximately $1,537,295.18. This trade represents a 8.87% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Senseonics Holdings, Inc. Common Stock Price Performance

NASDAQ SENS traded down $0.29 during trading hours on Thursday, reaching $8.82. 523,538 shares of the company’s stock traded hands, compared to its average volume of 667,163. Senseonics Holdings, Inc. Common Stock has a 52-week low of $4.79 and a 52-week high of $11.58. The company has a market cap of $368.68 million, a price-to-earnings ratio of -3.96 and a beta of 1.01. The business’s 50-day simple moving average is $6.06. The company has a current ratio of 6.74, a quick ratio of 6.40 and a debt-to-equity ratio of 0.62.

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.08). The business had revenue of $14.48 million for the quarter. Senseonics Holdings, Inc. Common Stock had a negative return on equity of 165.80% and a negative net margin of 225.09%. Sell-side analysts forecast that Senseonics Holdings, Inc. Common Stock will post -2.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Senseonics Holdings, Inc. Common Stock

Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in shares of Senseonics Holdings, Inc. Common Stock by 26.2% during the first quarter. Goldman Sachs Group Inc. now owns 612,534 shares of the company’s stock valued at $402,000 after acquiring an additional 127,086 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Senseonics Holdings, Inc. Common Stock by 26.6% during the second quarter. Geode Capital Management LLC now owns 8,701,129 shares of the company’s stock valued at $4,147,000 after buying an additional 1,828,302 shares during the last quarter. Walleye Capital LLC bought a new stake in Senseonics Holdings, Inc. Common Stock in the 2nd quarter worth about $539,000. Sei Investments Co. bought a new stake in Senseonics Holdings, Inc. Common Stock in the 2nd quarter worth about $761,000. Finally, First Light Asset Management LLC raised its position in Senseonics Holdings, Inc. Common Stock by 666.7% in the 2nd quarter. First Light Asset Management LLC now owns 35,708,124 shares of the company’s stock worth $17,011,000 after buying an additional 31,050,619 shares during the last quarter. Hedge funds and other institutional investors own 12.36% of the company’s stock.

Analysts Set New Price Targets

SENS has been the subject of a number of recent research reports. HC Wainwright lowered their price objective on Senseonics Holdings, Inc. Common Stock from $18.50 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Wall Street Zen raised Senseonics Holdings, Inc. Common Stock from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Stifel Nicolaus cut their target price on Senseonics Holdings, Inc. Common Stock from $9.00 to $8.00 and set a “hold” rating on the stock in a research note on Monday, May 11th. Weiss Ratings downgraded Senseonics Holdings, Inc. Common Stock from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. Finally, Mizuho lowered their price target on Senseonics Holdings, Inc. Common Stock from $20.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $17.20.

Senseonics Holdings, Inc. Common Stock Company Profile

Senseonics Holdings, Inc develops and commercializes long-term implantable continuous glucose monitoring (CGM) systems for people with diabetes. The company’s primary product family is the Eversense system, which combines a small subcutaneously implanted sensor, a removable external transmitter, and companion smartphone applications to provide continuous glucose readings and alerts. Senseonics positions its technology as an alternative to wearable patch-style CGMs by offering multi-month sensor longevity and on-body vibration alerts delivered through the transmitter.

Senseonics supports clinical and commercial activities that include research and development, regulatory engagement, manufacturing and distribution, and training for healthcare providers who perform sensor insertion and removal.