First Light Asset Management LLC Lowers Stock Holdings in Senseonics Holdings, Inc. Common Stock $SENS

First Light Asset Management LLC reduced its position in Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) by 49.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,007,632 shares of the company’s stock after selling 17,700,492 shares during the quarter. First Light Asset Management LLC owned about 44.07% of Senseonics Holdings, Inc. Common Stock worth $7,848,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Smith Salley Wealth Management lifted its stake in Senseonics Holdings, Inc. Common Stock by 10.9% in the 3rd quarter. Smith Salley Wealth Management now owns 61,000 shares of the company’s stock worth $27,000 after purchasing an additional 6,000 shares in the last quarter. HBK Sorce Advisory LLC bought a new position in Senseonics Holdings, Inc. Common Stock in the 3rd quarter valued at $39,000. Ausdal Financial Partners Inc. grew its position in shares of Senseonics Holdings, Inc. Common Stock by 50.0% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 105,000 shares of the company’s stock valued at $46,000 after purchasing an additional 35,000 shares in the last quarter. Goldstone Financial Group LLC purchased a new position in shares of Senseonics Holdings, Inc. Common Stock during the 3rd quarter valued at $52,000. Finally, JBR Co Financial Management Inc bought a new position in shares of Senseonics Holdings, Inc. Common Stock in the second quarter worth $65,000. Hedge funds and other institutional investors own 12.36% of the company’s stock.

Senseonics Holdings, Inc. Common Stock Stock Up 0.7%

Shares of SENS opened at $5.64 on Monday. Senseonics Holdings, Inc. Common Stock has a 1 year low of $5.25 and a 1 year high of $15.74. The company has a quick ratio of 4.55, a current ratio of 4.83 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $235.58 million, a price-to-earnings ratio of -3.34 and a beta of 0.90.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus set a $9.00 price objective on Senseonics Holdings, Inc. Common Stock in a research report on Tuesday, March 3rd. Weiss Ratings started coverage on Senseonics Holdings, Inc. Common Stock in a research report on Tuesday, February 17th. They set a “sell (d-)” rating for the company. Finally, TD Cowen restated a “buy” rating on shares of Senseonics Holdings, Inc. Common Stock in a research note on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Senseonics Holdings, Inc. Common Stock has a consensus rating of “Moderate Buy” and an average target price of $22.70.

Senseonics Holdings, Inc. Common Stock Company Profile

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.