Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) Stock Has Average Price Target of $13.00

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) has earned an average recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $13.00.

Several research analysts have weighed in on SENS shares. TD Cowen reiterated a “buy” rating and issued a $15.00 price objective on shares of Senseonics Holdings, Inc. Common Stock in a research note on Tuesday, October 27th. Barclays began coverage on shares of Senseonics Holdings, Inc. Common Stock in a research note on Wednesday, October 7th. They set an “equal weight” rating and a $10.00 target price for the company. Wall Street Zen upgraded shares of Senseonics Holdings, Inc. Common Stock from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings downgraded shares of Senseonics Holdings, Inc. Common Stock from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 22nd. Finally, Mizuho cut their price objective on Senseonics Holdings, Inc. Common Stock from $20.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, July 15th.

Insider Buying and Selling

In other news, Director Douglas Roeder bought 13,953 shares of the stock in a transaction on Wednesday, August 19th. The shares were purchased at an average price of $8.98 per share, for a total transaction of $125,297.94. Following the completion of the purchase, the director directly owned 171,191 shares of the company’s stock, valued at $1,537,295.18. This trade represents a 8.87% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.70% of the stock is owned by company insiders.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE bought a new position in Senseonics Holdings, Inc. Common Stock during the second quarter valued at approximately $2,241,000. BlackRock Inc. acquired a new stake in Senseonics Holdings, Inc. Common Stock in the second quarter valued at approximately $15,867,000. Masters Capital Management LLC lifted its stake in Senseonics Holdings, Inc. Common Stock by 100.0% in the first quarter. Masters Capital Management LLC now owns 500,000 shares of the company’s stock valued at $3,330,000 after acquiring an additional 250,002 shares during the last quarter. Readystate Asset Management LP bought a new stake in Senseonics Holdings, Inc. Common Stock in the second quarter worth approximately $574,000. Finally, Penn Capital Management Company LLC bought a new stake in Senseonics Holdings, Inc. Common Stock in the second quarter worth approximately $535,000. 12.36% of the stock is owned by hedge funds and other institutional investors.

Senseonics Holdings, Inc. Common Stock Price Performance

Shares of Senseonics Holdings, Inc. Common Stock stock opened at $9.51 on Monday. Senseonics Holdings, Inc. Common Stock has a 1 year low of $4.79 and a 1 year high of $10.64. The company has a market cap of $397.52 million, a P/E ratio of -4.26 and a beta of 1.04. The company has a current ratio of 6.74, a quick ratio of 6.40 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average price of $9.19 and a 200 day moving average price of $7.21.

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) last released its earnings results on Thursday, August 6th. The company reported ($0.63) earnings per share 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 net margin of 225.09% and a negative return on equity of 165.80%. As a group, analysts expect that Senseonics Holdings, Inc. Common Stock will post -2.31 EPS for the current fiscal year.

About Senseonics Holdings, Inc. Common Stock

Senseonics Holdings, Inc is a medical technology company focused on developing and commercializing long-term, implantable continuous glucose monitoring (CGM) systems for people with diabetes. Its CGM technology is designed to measure glucose levels continuously through a small sensor inserted under the skin, with readings transmitted to an external smart transmitter and mobile application.

The company’s primary product is the Eversense CGM system. Unlike many conventional CGM systems that use an externally worn sensor, Eversense uses an implantable sensor and a removable, rechargeable transmitter worn over the sensor site.