Senseonics (SENS) Issues Earnings Results

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Senseonics (NYSEAMERICAN:SENS) issued its earnings results on Tuesday. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.11, Morningstar.com reports. The company had revenue of $7.20 million during the quarter, compared to analyst estimates of $7.89 million. Senseonics updated its FY 2019 guidance to EPS.

SENS stock opened at $2.97 on Thursday. Senseonics has a 12-month low of $2.15 and a 12-month high of $5.29.

A number of hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank acquired a new position in Senseonics in the fourth quarter valued at $28,000. First Allied Advisory Services Inc. acquired a new position in Senseonics in the fourth quarter valued at $35,000. Metropolitan Life Insurance Co. NY lifted its holdings in Senseonics by 356.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 24,279 shares of the company’s stock valued at $63,000 after buying an additional 18,962 shares during the period. Bank of America Corp DE lifted its holdings in Senseonics by 620.3% in the fourth quarter. Bank of America Corp DE now owns 40,705 shares of the company’s stock valued at $106,000 after buying an additional 35,054 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Senseonics by 78.0% in the fourth quarter. Principal Financial Group Inc. now owns 25,259 shares of the company’s stock valued at $65,000 after buying an additional 11,071 shares during the period. Institutional investors and hedge funds own 30.66% of the company’s stock.

A number of equities analysts have recently commented on SENS shares. UBS Group started coverage on shares of Senseonics in a report on Tuesday, November 27th. They set a “sell” rating on the stock. Piper Jaffray Companies started coverage on shares of Senseonics in a report on Tuesday, January 29th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research lowered shares of Senseonics from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. Senseonics currently has an average rating of “Hold” and a consensus price target of $6.00.

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About Senseonics

Senseonics Holdings, Inc, a medical technology company, designs, develops, and commercializes continuous glucose monitoring (CGM) systems for people with diabetes primarily in Europe. Its products include Eversense and Eversense XL, which are implantable CGM systems that is designed to continually and accurately measure glucose levels in people with diabetes for a period of up to 90 and 180 days.

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Earnings History for Senseonics (NYSEAMERICAN:SENS)

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