BlackRock Inc. bought a new stake in Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,793,558 shares of the company's stock, valued at approximately $15,867,000. BlackRock Inc. owned approximately 6.68% of Senseonics Holdings, Inc. Common Stock as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of SENS. Kestra Advisory Services LLC acquired a new stake in shares of Senseonics Holdings, Inc. Common Stock during the 1st quarter worth approximately $68,000. GSK plc bought a new position in Senseonics Holdings, Inc. Common Stock during the 4th quarter worth about $60,000. State of Wyoming acquired a new position in Senseonics Holdings, Inc. Common Stock during the 2nd quarter worth approximately $67,000. Cetera Investment Advisers bought a new position in Senseonics Holdings, Inc. Common Stock in the first quarter valued at $85,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Senseonics Holdings, Inc. Common Stock in the fourth quarter valued at about $71,000. 12.36% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
SENS has been the subject of several recent analyst reports. 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. Mizuho lowered their target price on shares of Senseonics Holdings, Inc. Common Stock from $20.00 to $18.00 and set an "outperform" rating on the stock in a report on Wednesday, July 15th. Wall Street Zen raised shares of Senseonics Holdings, Inc. Common Stock from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 8th. Stifel Nicolaus cut their price target on shares of Senseonics Holdings, Inc. Common Stock from $9.00 to $8.00 and set a "hold" rating for the company in a research note on Monday, May 11th. Finally, Weiss Ratings downgraded shares of Senseonics Holdings, Inc. Common Stock from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.20.
Check Out Our Latest Stock Analysis on Senseonics Holdings, Inc. Common Stock
Senseonics Holdings, Inc. Common Stock Stock Performance
NASDAQ:SENS opened at $9.90 on Friday. 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 company has a market capitalization of $413.82 million, a price-to-earnings ratio of -4.44 and a beta of 1.08. The business's 50-day simple moving average is $6.65. Senseonics Holdings, Inc. Common Stock has a 52 week low of $4.79 and a 52 week high of $11.58.
Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.63) earnings per share (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. Sell-side analysts anticipate that Senseonics Holdings, Inc. Common Stock will post -2.29 EPS for the current year.
Insider Transactions at Senseonics Holdings, Inc. Common Stock
In other news, Director Douglas Roeder acquired 13,953 shares of the stock in a transaction on Wednesday, August 19th. The stock was acquired at an average cost of $8.98 per share, for a total transaction of $125,297.94. Following the completion of the transaction, the director directly owned 171,191 shares in the company, valued at approximately $1,537,295.18. This trade represents a 8.87% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 4.70% of the stock is owned by company insiders.
About Senseonics Holdings, Inc. Common Stock
(
Free Report)
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.
Further Reading
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