Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) Director Douglas Roeder Acquires 13,953 Shares of Stock

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) Director Douglas Roeder purchased 13,953 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were acquired at an average cost of $8.98 per share, for a total transaction of $125,297.94. Following the completion of the acquisition, the director owned 171,191 shares of the company’s stock, valued at approximately $1,537,295.18. This trade represents a 8.87% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Senseonics Holdings, Inc. Common Stock Stock Down 3.2%

Shares of Senseonics Holdings, Inc. Common Stock stock opened at $8.82 on Friday. The stock has a market capitalization of $368.68 million, a P/E ratio of -3.96 and a beta of 1.01. 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 firm has a 50-day simple moving average of $6.06. 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) last released its earnings results on Thursday, August 6th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.08). The business had revenue of $14.48 million for the quarter. Senseonics Holdings, Inc. Common Stock had a negative return on equity of 165.80% and a negative net margin of 225.09%. On average, equities analysts expect that Senseonics Holdings, Inc. Common Stock will post -2.29 earnings per share for the current year.

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

Institutional investors have recently added to or reduced their stakes in the company. First Light Asset Management LLC raised its holdings in shares of Senseonics Holdings, Inc. Common Stock by 666.7% during the 2nd 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 in the last quarter. Vanguard Group Inc. grew its holdings in shares of Senseonics Holdings, Inc. Common Stock by 2.2% in the third quarter. Vanguard Group Inc. now owns 34,219,484 shares of the company’s stock valued at $14,920,000 after purchasing an additional 749,453 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Senseonics Holdings, Inc. Common Stock by 26.6% in 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. Masters Capital Management LLC raised its stake in Senseonics Holdings, Inc. Common Stock by 11.1% during the third quarter. Masters Capital Management LLC now owns 5,000,000 shares of the company’s stock valued at $2,179,000 after purchasing an additional 500,000 shares in the last quarter. Finally, UBS Group AG lifted its position in 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 during the last quarter. Hedge funds and other institutional investors own 12.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Mizuho reduced their price objective on shares of Senseonics Holdings, Inc. Common Stock from $20.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 15th. HC Wainwright dropped their target price on shares of Senseonics Holdings, Inc. Common Stock from $18.50 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Wall Street Zen raised shares of Senseonics Holdings, Inc. Common Stock from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Stifel Nicolaus reduced their price target on shares of Senseonics Holdings, Inc. Common Stock from $9.00 to $8.00 and set a “hold” rating on the stock in a report on Monday, May 11th. Finally, Weiss Ratings cut shares of Senseonics Holdings, Inc. Common Stock from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to 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 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.