Penn Capital Management Company LLC Purchases Shares of 94,140 Senseonics Holdings, Inc. Common Stock $SENS

by · The Markets Daily

Penn Capital Management Company LLC acquired a new stake in shares of Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 94,140 shares of the company’s stock, valued at approximately $535,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SENS. Masters Capital Management LLC increased its position in Senseonics Holdings, Inc. Common Stock by 100.0% in the 1st 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 in the last quarter. Great Lakes Advisors LLC acquired a new stake in Senseonics Holdings, Inc. Common Stock in the second quarter valued at approximately $2,362,000. Tocqueville Asset Management L.P. acquired a new stake in Senseonics Holdings, Inc. Common Stock in the second quarter valued at approximately $315,000. J.Safra Asset Management Corp bought a new stake in shares of Senseonics Holdings, Inc. Common Stock during the second quarter valued at approximately $636,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Senseonics Holdings, Inc. Common Stock during the first quarter worth approximately $68,000. Institutional investors own 12.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SENS. HC Wainwright cut their target price on Senseonics Holdings, Inc. Common Stock from $18.50 to $14.00 and set a “buy” rating on the stock in a report 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 research note on Saturday, August 8th. Weiss Ratings downgraded shares of Senseonics Holdings, Inc. Common Stock from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. Stifel Nicolaus dropped their price objective 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 note on Monday, May 11th. Finally, Mizuho reduced their price objective on shares of Senseonics Holdings, Inc. Common Stock from $20.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, July 15th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

View Our Latest Stock Report on Senseonics Holdings, Inc. Common Stock

Insider Activity at Senseonics Holdings, Inc. Common Stock

In other news, Director Douglas A. Roeder bought 13,953 shares of the stock in a transaction dated Wednesday, August 19th. The stock was bought at an average price of $8.98 per share, for a total transaction of $125,297.94. Following the completion of the acquisition, the director directly 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.70% of the stock is currently owned by corporate insiders.

Senseonics Holdings, Inc. Common Stock Trading Down 0.7%

Shares of Senseonics Holdings, Inc. Common Stock stock opened at $9.33 on Friday. The stock’s fifty day moving average is $6.35. Senseonics Holdings, Inc. Common Stock has a 12-month low of $4.79 and a 12-month high of $11.58. The company has a market capitalization of $389.99 million, a P/E ratio of -4.18 and a beta of 1.01. The company has a debt-to-equity ratio of 0.62, a current ratio of 6.74 and a quick ratio of 6.40.

Senseonics Holdings, Inc. Common Stock (NASDAQ:SENS – Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $14.48 million for the quarter. Senseonics Holdings, Inc. Common Stock had a negative net margin of 225.09% and a negative return on equity of 165.80%. On average, analysts predict that Senseonics Holdings, Inc. Common Stock will post -2.29 EPS for the current year.

About Senseonics Holdings, Inc. Common Stock

(Free Report)

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.

See Also

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