Insider Buying: Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) Director Buys $125,297.94 in Stock

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) Director Douglas Roeder acquired 13,953 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 171,191 shares in the company, valued at approximately $1,537,295.18. The trade was a 8.87% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Senseonics Holdings, Inc. Common Stock Stock Performance

SENS stock opened at $9.71 on Friday. Senseonics Holdings, Inc. Common Stock has a 1 year low of $4.79 and a 1 year high of $11.58. The company has a current ratio of 6.74, a quick ratio of 6.40 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average of $6.11. The stock has a market cap of $405.88 million, a price-to-earnings ratio of -4.35 and a beta of 1.01.

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.55) by ($0.08). Senseonics Holdings, Inc. Common Stock had a negative return on equity of 165.80% and a negative net margin of 225.09%.The company had revenue of $14.48 million for the quarter. On average, research analysts predict 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

Hedge funds and other institutional investors have recently modified their holdings of the company. Masters Capital Management LLC increased its position in Senseonics Holdings, Inc. Common Stock by 100.0% during 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. Great Lakes Advisors LLC acquired a new position in Senseonics Holdings, Inc. Common Stock during the second quarter valued at approximately $2,362,000. Tocqueville Asset Management L.P. acquired a new position in Senseonics Holdings, Inc. Common Stock during the second quarter valued at approximately $315,000. BlackRock Inc. purchased a new stake in Senseonics Holdings, Inc. Common Stock during the second quarter worth approximately $15,867,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Senseonics Holdings, Inc. Common Stock during the second quarter worth approximately $102,000. 12.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SENS. HC Wainwright cut 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 note on Tuesday, May 12th. 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. 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 Wednesday, August 12th. 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 note on Wednesday, July 15th. Finally, Stifel Nicolaus decreased 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. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.20.

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.