Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) Shares Cross Above 50-Day Moving Average – Here’s Why

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS)’s stock price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $9.16 and traded as high as $9.39. Senseonics Holdings, Inc. Common Stock shares last traded at $9.34, with a volume of 998,843 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Mizuho lowered their price objective on 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. 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. Barclays initiated coverage on Senseonics Holdings, Inc. Common Stock in a research report on Wednesday, October 7th. They issued an “equal weight” rating and a $10.00 price target on the stock. TD Cowen reaffirmed a “buy” rating and issued a $15.00 price target on shares of Senseonics Holdings, Inc. Common Stock in a research note on Tuesday. Finally, Weiss Ratings cut shares of Senseonics Holdings, Inc. Common Stock from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, October 22nd. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.00.

Senseonics Holdings, Inc. Common Stock Price Performance

The company’s 50-day moving average is $9.16 and its 200-day moving average is $7.18. The firm has a market cap of $390.41 million, a price-to-earnings ratio of -4.19 and a beta of 1.02. The company has a current ratio of 6.74, a quick ratio of 6.40 and a debt-to-equity ratio of 0.62.

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.08). Senseonics Holdings, Inc. Common Stock had a negative net margin of 225.09% and a negative return on equity of 165.80%. The firm had revenue of $14.48 million for the quarter. Equities research analysts predict that Senseonics Holdings, Inc. Common Stock will post -2.31 earnings per share for the current year.

Insider Buying and Selling at Senseonics Holdings, Inc. Common Stock

In other Senseonics Holdings, Inc. Common Stock news, Director Douglas Roeder purchased 13,953 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were bought at an average price of $8.98 per share, for a total transaction of $125,297.94. Following the purchase, the director owned 171,191 shares in the company, valued at approximately $1,537,295.18. This trade represents a 8.87% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.70% of the company’s stock.

Institutional Trading of Senseonics Holdings, Inc. Common Stock

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

About Senseonics Holdings, Inc. Common Stock

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.