Senseonics Holdings Inc (NASDAQ:SENS) Downgraded by Zacks Investment Research to Sell

Senseonics Holdings Inc (NASDAQ:SENS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday, August 9th.

According to Zacks, “Senseonics Holdings, Inc. is a medical technology company which focused on the design, development and commercialization of glucose monitoring systems. Senseonics Holdings, Inc. is based in Germantown, United States. “

SENS has been the topic of several other research reports. B. Riley reissued a “buy” rating and issued a $4.00 target price on shares of Senseonics Holdings in a research note on Wednesday, May 10th. BTIG Research reissued a “buy” rating and issued a $4.50 target price on shares of Senseonics Holdings in a research note on Sunday, May 28th.

Senseonics Holdings (NASDAQ:SENS) traded up 13.93% during midday trading on Wednesday, reaching $2.78. 4,095,945 shares of the company traded hands. The company’s market cap is $342.50 million. The company has a 50-day moving average price of $2.26 and a 200-day moving average price of $1.97. Senseonics Holdings has a 12-month low of $1.26 and a 12-month high of $4.10.

Senseonics Holdings (NASDAQ:SENS) last released its earnings results on Wednesday, August 9th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.01. The company had revenue of $0.81 million during the quarter, compared to analyst estimates of $0.81 million. On average, analysts predict that Senseonics Holdings will post ($0.54) earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was first posted by BNB Daily and is owned by of BNB Daily. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The correct version of this piece of content can be viewed at https://www.baseball-news-blog.com/2017/08/19/zacks-investment-research-downgrades-senseonics-holdings-inc-nasdaqsens-to-sell-updated.html.

In other Senseonics Holdings news, major shareholder Enterprise Associates 10 L. New purchased 7,092,198 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were bought at an average price of $1.41 per share, with a total value of $9,999,999.18. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

A number of large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC purchased a new stake in shares of Senseonics Holdings during the first quarter worth about $111,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Senseonics Holdings during the first quarter worth about $147,000. Susquehanna International Group LLP purchased a new stake in shares of Senseonics Holdings during the second quarter worth about $155,000. LMR Partners LLP purchased a new stake in shares of Senseonics Holdings during the second quarter worth about $177,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Senseonics Holdings during the second quarter worth about $276,000.

About Senseonics Holdings

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.

Get a free copy of the Zacks research report on Senseonics Holdings (SENS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Senseonics Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Senseonics Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply