Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) Shares Cross Above Fifty Day Moving Average on Disappointing Earnings

Key Points

• Senseonics shares rose 14.1% and moved above their 50-day moving average, trading as high as $9.84 and last quoted at $9.80.
• Quarterly EPS was a loss of $0.50, slightly worse than analysts’ expected loss of $0.49; revenue totaled $19.56 million.
• Analysts have a consensus Hold rating and an average price target of $13.00, compared with the stock’s reported $9.80 price.

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS - Get Free Report) passed above its 50-day moving average during trading on Monday after the company announced better than expected quarterly earnings. The stock has a 50-day moving average of $9.12 and traded as high as $9.84. Senseonics Holdings, Inc. Common Stock shares last traded at $9.80, with a volume of 970,930 shares trading hands.

The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.49) by ($0.01). 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 $19.56 million during the quarter.

Analysts Set New Price Targets

A number of research firms have weighed in on SENS. Barclays started 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 objective for the company. 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. TD Cowen reaffirmed a "buy" rating and set a $15.00 target price on shares of Senseonics Holdings, Inc. Common Stock in a report on Tuesday, October 27th. Weiss Ratings upgraded Senseonics Holdings, Inc. Common Stock from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, November 4th. Finally, Mizuho reduced their price target on Senseonics Holdings, Inc. Common Stock from $20.00 to $18.00 and set an "outperform" rating for the company in a research report on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $13.00.

Insider Transactions at Senseonics Holdings, Inc. Common Stock

In other 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 bought at an average price of $8.98 per share, for a total transaction of $125,297.94. Following the completion of the transaction, 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 purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 4.70% of the company's stock.

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

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Senseonics Holdings, Inc. Common Stock during the 2nd quarter valued at about $15,867,000. Masters Capital Management LLC raised 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 purchasing an additional 250,002 shares during the period. Bank of America Corp DE acquired a new position in Senseonics Holdings, Inc. Common Stock in the 2nd quarter worth about $2,241,000. Readystate Asset Management LP purchased a new position in Senseonics Holdings, Inc. Common Stock during the second quarter worth approximately $574,000. Finally, Penn Capital Management Company LLC purchased a new position in Senseonics Holdings, Inc. Common Stock during 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 Stock Up 14.1%

The company has a quick ratio of 6.40, a current ratio of 6.74 and a debt-to-equity ratio of 0.62. The business has a 50-day simple moving average of $9.12 and a 200-day simple moving average of $7.26. The company has a market cap of $409.64 million, a PE ratio of -4.39 and a beta of 1.04.

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.

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