Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) Upgraded to Sell at Wall Street Zen

Key Points

• Wall Street Zen upgraded Senseonics from “strong sell” to “sell,” while the broader analyst consensus remains “Moderate Buy” with a $17.20 price target.
• Senseonics shares rose 36.3% to open at $7.02, but the company reported a quarterly loss of $0.63 per share, missing estimates by $0.08, alongside a $14.48 million revenue figure.
• Institutional ownership increased, with First Light Asset Management significantly expanding its stake and BlackRock initiating a position; institutions now own 12.36% of the stock.

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS - Get Free Report) was upgraded by Wall Street Zen from a "strong sell" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Other analysts have also issued research reports about the stock. Mizuho lowered their target price on shares of 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. Weiss Ratings upgraded shares of Senseonics Holdings, Inc. Common Stock from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, July 28th. HC Wainwright decreased their price target on shares of 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. Finally, Stifel Nicolaus lowered their price objective 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 report on Monday, May 11th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Senseonics Holdings, Inc. Common Stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.20.

Senseonics Holdings, Inc. Common Stock Trading Up 36.3%

Shares of SENS opened at $7.02 on Friday. The firm has a market cap of $293.44 million, a price-to-earnings ratio of -3.15 and a beta of 1.01. The business has a 50 day moving average price of $5.85. The company has a current ratio of 3.51, a quick ratio of 3.19 and a debt-to-equity ratio of 1.05. 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 for the quarter, missing analysts' consensus estimates of ($0.55) by ($0.08). Senseonics Holdings, Inc. Common Stock had a negative net margin of 225.09% and a negative return on equity of 189.06%. The firm had revenue of $14.48 million during the quarter. On average, sell-side analysts predict that Senseonics Holdings, Inc. Common Stock will post -2.38 earnings per share for the current fiscal year.

Insider Transactions at Senseonics Holdings, Inc. Common Stock

In related news, Director Douglas A. Roeder acquired 22,686 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average cost of $5.56 per share, for a total transaction of $126,134.16. Following the purchase, the director directly owned 144,635 shares in the company, valued at $804,170.60. This represents a 18.60% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 4.70% of the stock is owned by corporate insiders.

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

Hedge funds have recently added to or reduced their stakes in the stock. First Light Asset Management LLC grew its position in shares of Senseonics Holdings, Inc. Common Stock by 666.7% during the second quarter. First Light Asset Management LLC now owns 35,708,124 shares of the company's stock worth $17,011,000 after acquiring an additional 31,050,619 shares during the last quarter. UBS Group AG lifted its position in Senseonics Holdings, Inc. Common Stock by 409.0% in the 3rd quarter. UBS Group AG now owns 4,248,519 shares of the company's stock valued at $1,852,000 after purchasing an additional 3,413,866 shares during the last quarter. BlackRock Inc. bought a new stake in Senseonics Holdings, Inc. Common Stock in the 2nd quarter valued at about $15,867,000. Geode Capital Management LLC boosted its stake in Senseonics Holdings, Inc. Common Stock by 26.6% during the 2nd quarter. Geode Capital Management LLC now owns 8,701,129 shares of the company's stock valued at $4,147,000 after purchasing an additional 1,828,302 shares during the period. Finally, Sei Investments Co. acquired a new position in Senseonics Holdings, Inc. Common Stock during the 2nd quarter valued at about $761,000. 12.36% of the stock is currently owned by institutional investors.

About Senseonics Holdings, Inc. Common Stock

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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