Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) Stock Keeps "Buy" Rating at TD Cowen

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS - Get Free Report)'s stock had its "buy" rating reiterated by TD Cowen in a note issued to investors on Tuesday, Benzinga reports. They presently have a $15.00 target price on the stock. TD Cowen's target price indicates a potential upside of 94.28% from the company's previous close.

Other research analysts have also recently issued research reports about the company. Weiss Ratings cut Senseonics Holdings, Inc. Common Stock from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Thursday. Wall Street Zen upgraded Senseonics Holdings, Inc. Common Stock from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. Mizuho cut their price target on Senseonics Holdings, Inc. Common Stock from $20.00 to $18.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 15th. Finally, Barclays started coverage on Senseonics Holdings, Inc. Common Stock in a research note on Wednesday, October 7th. They issued an "equal weight" rating and a $10.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $13.00.

Senseonics Holdings, Inc. Common Stock Stock Up 3.2%

Shares of SENS traded up $0.24 during midday trading on Tuesday, reaching $7.72. 243,265 shares of the company were exchanged, compared to its average volume of 661,858. The stock has a 50-day moving average price of $9.15 and a 200-day moving average price of $7.16. The company has a market cap of $322.74 million, a price-to-earnings ratio of -3.46 and a beta of 1.02. 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 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 - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.63) EPS for the quarter, missing analysts' consensus estimates of ($0.55) by ($0.08). Senseonics Holdings, Inc. Common Stock had a negative return on equity of 165.80% and a negative net margin of 225.09%. The company had revenue of $14.48 million for the quarter. Research analysts expect that Senseonics Holdings, Inc. Common Stock will post -2.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Douglas Roeder acquired 13,953 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was purchased at an average cost of $8.98 per share, with a total value of $125,297.94. Following the completion of the acquisition, the director directly owned 171,191 shares in the company, valued at $1,537,295.18. This represents a 8.87% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Senseonics Holdings, Inc. Common Stock

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Senseonics Holdings, Inc. Common Stock during the second quarter valued at approximately $15,867,000. Bank of America Corp DE bought a new position in Senseonics Holdings, Inc. Common Stock in the 2nd quarter worth approximately $2,241,000. Masters Capital Management LLC grew its holdings in Senseonics Holdings, Inc. Common Stock by 100.0% in the 1st quarter. Masters Capital Management LLC now owns 500,000 shares of the company's stock worth $3,330,000 after buying an additional 250,002 shares in the last quarter. Readystate Asset Management LP bought a new position in Senseonics Holdings, Inc. Common Stock in the 2nd quarter worth approximately $574,000. Finally, Penn Capital Management Company LLC bought a new position in Senseonics Holdings, Inc. Common Stock in the 2nd quarter worth approximately $535,000. 12.36% of the stock is owned by institutional investors.

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.