Bank of America Corp DE Acquires 394,465 Shares of Senseonics Holdings, Inc. Common Stock $SENS

Key Points

• Bank of America acquired 394,465 Senseonics shares worth approximately $2.24 million, giving it a 0.94% stake. Institutional investors collectively own 12.36% of the company, with BlackRock making the largest reported purchase at about $15.87 million.
• Analyst sentiment is moderately bullish: four analysts rate SENS a Buy, one rates it Hold, and one rates it Sell. The consensus price target is $17.20, although Mizuho recently reduced its target from $20 to $18.
• Senseonics reported quarterly revenue of $14.48 million but missed EPS expectations, posting a loss of $0.63 per share versus the expected $0.55 loss. The stock opened at $10.17 and has traded between $4.79 and $11.58 over the past year.

Bank of America Corp DE bought a new position in shares of Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 394,465 shares of the company's stock, valued at approximately $2,241,000. Bank of America Corp DE owned approximately 0.94% of Senseonics Holdings, Inc. Common Stock at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company acquired a new position in Senseonics Holdings, Inc. Common Stock in the 2nd quarter valued at about $65,000. Tocqueville Asset Management L.P. acquired a new stake in shares of Senseonics Holdings, Inc. Common Stock during the second quarter worth about $315,000. BlackRock Inc. purchased a new position in shares of Senseonics Holdings, Inc. Common Stock in the second quarter valued at approximately $15,867,000. Deutsche Bank AG purchased a new position in shares of Senseonics Holdings, Inc. Common Stock in the second quarter valued at approximately $223,000. Finally, State of Wyoming acquired a new position in shares of Senseonics Holdings, Inc. Common Stock in the second quarter valued at approximately $67,000. 12.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SENS. 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 upgraded Senseonics Holdings, Inc. Common Stock from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, September 17th. Finally, Mizuho lowered their target price on Senseonics Holdings, Inc. Common Stock from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Wednesday, July 15th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Senseonics Holdings, Inc. Common Stock has a consensus rating of "Moderate Buy" and an average target price of $17.20.

Insider Buying and Selling

In other news, Director Douglas Roeder acquired 13,953 shares of Senseonics Holdings, Inc. Common Stock stock in a transaction on Wednesday, August 19th. The stock was bought 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 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 filing with the SEC, which is accessible through this hyperlink. 4.70% of the stock is currently owned by company insiders.

Senseonics Holdings, Inc. Common Stock Trading Up 1.2%

SENS opened at $10.17 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 6.40 and a current ratio of 6.74. Senseonics Holdings, Inc. Common Stock has a one year low of $4.79 and a one year high of $11.58. The company has a market cap of $425.11 million, a P/E ratio of -4.56 and a beta of 1.08. The business's 50-day simple moving average is $8.24 and its 200-day simple moving average is $6.95.

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.08). The company had revenue of $14.48 million during 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, equities research analysts expect that Senseonics Holdings, Inc. Common Stock will post -2.29 EPS for the current fiscal year.

Senseonics Holdings, Inc. Common Stock Profile

Senseonics Holdings, Inc is a medical technology company focused on developing and commercializing continuous glucose monitoring (CGM) systems for people with diabetes. Its technology is designed to measure glucose levels continuously and provide readings through a wearable transmitter and mobile application, supporting diabetes management and treatment decisions.

The company's principal product is the Eversense CGM system, which uses a small sensor implanted under the skin, a removable smart transmitter worn over the sensor, and a smartphone application.

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