Analysts Set Senseonics Holdings, Inc. (NYSEAMERICAN:SENS) Price Target at $3.88

Shares of Senseonics Holdings, Inc. (NYSEAMERICAN:SENS) have earned a consensus rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $3.88.

SENS has been the subject of a number of analyst reports. HC Wainwright initiated coverage on Senseonics in a report on Thursday, August 19th. They issued a “buy” rating and a $6.00 price target for the company. Zacks Investment Research cut Senseonics from a “buy” rating to a “hold” rating in a report on Wednesday, November 17th. Finally, Colliers Securities restated a “buy” rating and issued a $4.00 price target on shares of Senseonics in a report on Tuesday, August 10th.

In other Senseonics news, COO Mukul Jain sold 100,000 shares of the business’s stock in a transaction dated Tuesday, November 16th. The shares were sold at an average price of $3.70, for a total transaction of $370,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Francine Kaufman sold 20,998 shares of the business’s stock in a transaction dated Tuesday, November 16th. The shares were sold at an average price of $3.70, for a total transaction of $77,692.60. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Several large investors have recently modified their holdings of SENS. Charles Schwab Investment Management Inc. raised its holdings in shares of Senseonics by 869.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,009,330 shares of the company’s stock worth $3,876,000 after purchasing an additional 905,194 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Senseonics in the 1st quarter worth approximately $138,000. Aristides Capital LLC bought a new stake in shares of Senseonics in the 2nd quarter worth approximately $38,000. SG Americas Securities LLC bought a new stake in shares of Senseonics in the 2nd quarter worth approximately $66,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Senseonics in the 2nd quarter worth approximately $1,553,000. 29.16% of the stock is owned by institutional investors.

Shares of NYSEAMERICAN:SENS traded down $0.11 during trading on Thursday, reaching $3.27. 8,444,483 shares of the stock were exchanged, compared to its average volume of 28,353,381. Senseonics has a 12-month low of $0.35 and a 12-month high of $5.56. The stock has a market capitalization of $1.46 billion, a P/E ratio of -2.29 and a beta of 0.49.

Senseonics (NYSEAMERICAN:SENS) last issued its earnings results on Tuesday, November 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.12. Research analysts expect that Senseonics will post -0.1 EPS for the current year.

About Senseonics

Senseonics Holdings, Inc engages in the design, development, and commercialization of implantable continuous glucose monitoring system for people with diabetes. Its primary product is the brand Eversense, a gluscose monitoring device which includes sensor, smart transmitter, and mobile application. The company was founded on June 26, 2014 and is headquartered in Germantown, MD.

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Analyst Recommendations for Senseonics (NYSEAMERICAN:SENS)

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