Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) Earns Buy Rating from HC Wainwright

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS)‘s stock had its “buy” rating restated by research analysts at HC Wainwright in a research note issued on Tuesday, Benzinga reports. They currently have a $14.00 price objective on the stock. HC Wainwright‘s price target would suggest a potential upside of 42.86% from the company’s current price.

Several other research firms have also issued reports on SENS. Raymond James Financial upgraded Senseonics Holdings, Inc. Common Stock from an “underperform” rating to a “market perform” rating in a research report on Tuesday. Mizuho lowered 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 note on Wednesday, July 15th. Barclays started coverage on shares of Senseonics Holdings, Inc. Common Stock in a research report on Wednesday, October 7th. They issued an “equal weight” rating and a $10.00 price target on the stock. TD Cowen reissued a “buy” rating and set a $15.00 price objective on shares of Senseonics Holdings, Inc. Common Stock in a research note on Tuesday, October 27th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.00.

Senseonics Holdings, Inc. Common Stock Stock Up 14.1%

Shares of Senseonics Holdings, Inc. Common Stock stock opened at $9.80 on Tuesday. The company has a quick ratio of 6.40, a current ratio of 6.74 and a debt-to-equity ratio of 0.62. Senseonics Holdings, Inc. Common Stock has a 12 month low of $4.79 and a 12 month high of $10.64. The business has a fifty day simple moving average of $9.12 and a 200 day simple moving average of $7.26. The stock has a market cap of $409.64 million, a PE ratio of -4.39 and a beta of 1.04.

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) last released its quarterly earnings data on Monday, November 9th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.01). Senseonics Holdings, Inc. Common Stock had a negative net margin of 225.09% and a negative return on equity of 165.80%. The company had revenue of $19.56 million during the quarter. Research analysts predict that Senseonics Holdings, Inc. Common Stock will post -2.31 EPS for the current year.

Insider Activity at Senseonics Holdings, Inc. Common Stock

In other Senseonics Holdings, Inc. Common Stock news, Director Douglas Roeder acquired 13,953 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were acquired at an average price of $8.98 per share, with a total value of $125,297.94. Following the purchase, the director owned 171,191 shares of the company’s stock, valued at $1,537,295.18. This represents a 8.87% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. StoneX Group Inc. bought a new position in shares of Senseonics Holdings, Inc. Common Stock during the 3rd quarter valued at about $128,000. Traynor Capital Management Inc. acquired a new position in shares of Senseonics Holdings, Inc. Common Stock in the 3rd quarter valued at approximately $152,000. State of Wyoming increased its stake in Senseonics Holdings, Inc. Common Stock by 27.2% during the 3rd quarter. State of Wyoming now owns 14,940 shares of the company’s stock worth $152,000 after purchasing an additional 3,199 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Senseonics Holdings, Inc. Common Stock during the 2nd quarter worth approximately $36,000. Finally, Readystate Asset Management LP bought a new stake in Senseonics Holdings, Inc. Common Stock during the 2nd quarter worth approximately $574,000. 12.36% of the stock is 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.