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

Key Points

• Analysts have a consensus “Hold” rating on Senseonics, with three buys, two holds, and one sell among six brokers. The average 12-month price target is $13.00, compared with a recent share price of $7.51.
• Senseonics reported quarterly revenue of $14.48 million but posted an adjusted loss of $0.63 per share, missing the consensus estimate of a $0.55 loss. The company continues to show deeply negative profitability metrics, including a net margin of -225.09%.
• Institutional interest has increased, with BlackRock and Bank of America establishing new positions and Masters Capital Management doubling its stake. Institutional investors and hedge funds now own 12.36% of the stock, while insiders own 4.70%.

Shares of Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $13.00.

A number of analysts have recently weighed in on SENS shares. Wall Street Zen raised shares of Senseonics Holdings, Inc. Common Stock from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. Weiss Ratings downgraded Senseonics Holdings, Inc. Common Stock from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Thursday. Barclays assumed coverage on Senseonics Holdings, Inc. Common Stock in a research note on Wednesday, October 7th. They set an "equal weight" rating and a $10.00 price target for the company. Finally, Mizuho dropped their price objective 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.

Senseonics Holdings, Inc. Common Stock Stock Performance

NASDAQ:SENS opened at $7.51 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 6.74 and a quick ratio of 6.40. The firm has a 50-day moving average of $9.18 and a two-hundred day moving average of $7.22. The stock has a market cap of $313.92 million, a P/E ratio of -3.37 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.

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.08). The firm had revenue of $14.48 million during the quarter. Senseonics Holdings, Inc. Common Stock had a negative return on equity of 165.80% and a negative net margin of 225.09%. On average, research analysts expect that Senseonics Holdings, Inc. Common Stock will post -2.31 earnings per share for the current fiscal year.

Insider Activity

In other Senseonics Holdings, Inc. Common Stock news, Director Douglas Roeder purchased 13,953 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The shares were purchased at an average cost of $8.98 per share, with a total value of $125,297.94. Following the completion of the transaction, the director owned 171,191 shares of the company's stock, valued at approximately $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 this link. 4.70% of the stock is owned by corporate insiders.

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

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

Senseonics Holdings, Inc. Common Stock Company Profile

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.

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