Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) have been given a consensus rating of “Moderate Buy” by the six analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $17.00.

SENS has been the subject of a number of analyst reports. Weiss Ratings cut Senseonics Holdings, Inc. Common Stock from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 28th. HC Wainwright cut 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 report on Tuesday, May 12th. Finally, Stifel Nicolaus cut their price objective on Senseonics Holdings, Inc. Common Stock from $9.00 to $8.00 and set a “hold” rating for the company in a report on Monday, May 11th.

Senseonics Holdings, Inc. Common Stock Price Performance

Shares of SENS stock opened at $7.01 on Friday. The company has a market capitalization of $293.02 million, a PE ratio of -3.51 and a beta of 1.04. Senseonics Holdings, Inc. Common Stock has a one year low of $4.79 and a one year high of $12.58. The business has a fifty day moving average price of $6.43. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.19 and a current ratio of 3.51.

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) last issued its earnings results on Thursday, May 7th. The company reported ($0.71) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.06). The firm had revenue of $11.71 million during the quarter. Senseonics Holdings, Inc. Common Stock had a negative return on equity of 129.97% and a negative net margin of 213.87%. Equities research analysts anticipate that Senseonics Holdings, Inc. Common Stock will post -2.38 EPS for the current year.

Insider Activity

In other Senseonics Holdings, Inc. Common Stock news, CEO Timothy T. Goodnow acquired 17,225 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average cost of $5.79 per share, for a total transaction of $99,732.75. Following the transaction, the chief executive officer owned 651,243 shares of the company’s stock, valued at $3,770,696.97. This trade represents a 2.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Douglas A. Roeder acquired 22,686 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average price of $5.56 per share, with a total value of $126,134.16. Following the completion of the transaction, the director directly owned 144,635 shares in the company, valued at $804,170.60. This trade represents a 18.60% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 57,411 shares of company stock valued at $326,142 over the last 90 days. Corporate insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On Senseonics Holdings, Inc. Common Stock

Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its position in Senseonics Holdings, Inc. Common Stock by 26.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 612,534 shares of the company’s stock worth $402,000 after acquiring an additional 127,086 shares during the last quarter. Geode Capital Management LLC increased its position in Senseonics Holdings, Inc. Common Stock by 26.6% during the 2nd quarter. Geode Capital Management LLC now owns 8,701,129 shares of the company’s stock worth $4,147,000 after buying an additional 1,828,302 shares during the period. Walleye Capital LLC bought a new position in Senseonics Holdings, Inc. Common Stock during the 2nd quarter worth $539,000. Sei Investments Co. bought a new position in Senseonics Holdings, Inc. Common Stock during the 2nd quarter worth $761,000. Finally, First Light Asset Management LLC increased its position in Senseonics Holdings, Inc. Common Stock by 666.7% during 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 period. 12.36% of the stock is currently owned by institutional investors and hedge funds.

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.