Analysts Set Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) PT at $17.00

Shares of Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $17.00.

SENS has been the topic of a number of research reports. Stifel Nicolaus reduced their target price on shares of Senseonics Holdings, Inc. Common Stock from $9.00 to $8.00 and set a “hold” rating on the stock in a research report on Monday, May 11th. Weiss Ratings lowered shares of Senseonics Holdings, Inc. Common Stock from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 28th. Finally, HC Wainwright reduced their target price on shares of Senseonics Holdings, Inc. Common Stock from $18.50 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th.

Insider Activity at Senseonics Holdings, Inc. Common Stock

In related news, Director Douglas A. Roeder bought 22,686 shares of Senseonics Holdings, Inc. Common Stock stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average cost of $5.56 per share, with a total value of $126,134.16. Following the completion of the transaction, the director owned 144,635 shares in the company, valued at $804,170.60. The trade was a 18.60% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On Senseonics Holdings, Inc. Common Stock

A number of institutional investors have recently modified their holdings of SENS. First Light Asset Management LLC increased 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 period. UBS Group AG boosted its stake in shares of Senseonics Holdings, Inc. Common Stock by 409.0% during the third 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 in the last quarter. Geode Capital Management LLC boosted its stake in shares of Senseonics Holdings, Inc. Common Stock by 26.6% during the second 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 in the last quarter. Sei Investments Co. bought a new position in shares of Senseonics Holdings, Inc. Common Stock during the second quarter valued at approximately $761,000. Finally, Walleye Capital LLC bought a new position in shares of Senseonics Holdings, Inc. Common Stock during the second quarter valued at approximately $539,000. 12.36% of the stock is owned by hedge funds and other institutional investors.

Senseonics Holdings, Inc. Common Stock Trading Up 3.8%

Shares of NASDAQ:SENS opened at $5.94 on Tuesday. 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 12 month low of $4.79 and a 12 month high of $12.58. The firm has a 50-day simple moving average of $6.41. The company has a market cap of $248.31 million, a P/E ratio of -2.97 and a beta of 1.05.

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.71) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.06). Senseonics Holdings, Inc. Common Stock had a negative return on equity of 129.97% and a negative net margin of 213.87%.The firm had revenue of $11.71 million during the quarter. As a group, equities analysts forecast that Senseonics Holdings, Inc. Common Stock will post -2.38 EPS for the current year.

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.