Senseonics Holdings Inc (SENS) Trading Up 11.8%
Senseonics Holdings Inc (NYSEAMERICAN:SENS) shares were up 11.8% during mid-day trading on Friday . The company traded as high as $3.11 and last traded at $3.04. Approximately 719,277 shares traded hands during trading, an increase of 51% from the average daily volume of 476,909 shares. The stock had previously closed at $2.72.
A number of research analysts have recently issued reports on SENS shares. Canaccord Genuity reiterated a “buy” rating on shares of Senseonics Holdings in a research report on Wednesday, November 1st. Zacks Investment Research lowered Senseonics Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th.
The company has a debt-to-equity ratio of 0.76, a current ratio of 2.93 and a quick ratio of 2.81.
Senseonics Holdings (NYSEAMERICAN:SENS) last announced its quarterly earnings data on Tuesday, October 31st. The company reported ($0.13) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.13). The company had revenue of $2.10 million for the quarter, compared to analyst estimates of $1.51 million. Senseonics Holdings had a negative return on equity of 1,681.27% and a negative net margin of 1,411.55%. The business’s revenue was up 425.0% compared to the same quarter last year. equities research analysts anticipate that Senseonics Holdings Inc will post -0.54 earnings per share for the current fiscal year.
In other Senseonics Holdings news, COO Mukul Jain sold 13,115 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $3.25, for a total value of $42,623.75. Following the completion of the sale, the chief operating officer now directly owns 13,115 shares of the company’s stock, valued at approximately $42,623.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 34.10% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. NEA Management Company LLC boosted its holdings in Senseonics Holdings by 27.1% during the 2nd quarter. NEA Management Company LLC now owns 33,425,275 shares of the company’s stock valued at $60,165,000 after acquiring an additional 7,119,989 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Senseonics Holdings by 33.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 350,750 shares of the company’s stock valued at $1,119,000 after buying an additional 87,188 shares during the period. ING Groep NV boosted its stake in shares of Senseonics Holdings by 87.7% in the 2nd quarter. ING Groep NV now owns 225,833 shares of the company’s stock valued at $406,000 after buying an additional 105,494 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of Senseonics Holdings in the 2nd quarter valued at about $276,000. Finally, LMR Partners LLP purchased a new position in shares of Senseonics Holdings in the 2nd quarter valued at about $177,000. Institutional investors own 30.66% of the company’s stock.
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Senseonics Holdings Company Profile
Senseonics Holdings, Inc is a medical technology company. The Company focuses on the design, development and commercialization of glucose monitoring systems. The Company operates through glucose monitoring systems segment. It offers a continuous glucose monitoring (CGM) system, Eversense, which is designed an implantable CGM system designed to continually measure glucose levels in people with diabetes.
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