Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) Shares Cross Above Fifty Day Moving Average on Disappointing Earnings

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) crossed above its fifty day moving average during trading on Monday following a better than expected earnings announcement. The stock has a fifty day moving average of $9.12 and traded as high as $9.84. Senseonics Holdings, Inc. Common Stock shares last traded at $9.80, with a volume of 970,930 shares.

The company reported ($0.50) earnings per share (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.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SENS shares. TD Cowen restated a “buy” rating and set a $15.00 price target on shares of Senseonics Holdings, Inc. Common Stock in a research report on Tuesday, October 27th. Barclays started coverage on Senseonics Holdings, Inc. Common Stock in a report on Wednesday, October 7th. They issued an “equal weight” rating and a $10.00 price objective on the stock. Mizuho cut their price objective 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. Wall Street Zen raised Senseonics Holdings, Inc. Common Stock from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded Senseonics Holdings, Inc. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, November 4th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Senseonics Holdings, Inc. Common Stock currently has an average rating of “Hold” and an average price target of $13.00.

Insider Transactions at Senseonics Holdings, Inc. Common Stock

In other Senseonics Holdings, Inc. Common Stock news, Director Douglas Roeder bought 13,953 shares of the stock in a transaction on Wednesday, August 19th. The shares were bought at an average price of $8.98 per share, with a total value of $125,297.94. Following the purchase, the director directly owned 171,191 shares in the company, valued at $1,537,295.18. This trade represents a 8.87% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.70% of the stock is currently owned by company insiders.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Senseonics Holdings, Inc. Common Stock during the 2nd quarter valued at about $15,867,000. Masters Capital Management LLC lifted its stake in Senseonics Holdings, Inc. Common Stock by 100.0% in the 1st quarter. Masters Capital Management LLC now owns 500,000 shares of the company’s stock worth $3,330,000 after purchasing an additional 250,002 shares in the last quarter. Bank of America Corp DE purchased a new position in Senseonics Holdings, Inc. Common Stock in the 2nd quarter worth approximately $2,241,000. Readystate Asset Management LP purchased a new position in Senseonics Holdings, Inc. Common Stock in the 2nd quarter worth approximately $574,000. Finally, Penn Capital Management Company LLC acquired a new position in shares of Senseonics Holdings, Inc. Common Stock during the 2nd quarter worth approximately $535,000. 12.36% of the stock is owned by hedge funds and other institutional investors.

Senseonics Holdings, Inc. Common Stock Stock Up 14.1%

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 market capitalization of $409.64 million, a PE ratio of -4.39 and a beta of 1.04. The business has a 50-day moving average price of $9.12 and a 200-day moving average price of $7.26.

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.