Senseonics Holdings Inc. (SENS) Outlook Starting To Look Brighter?


    Millennium Management LLC has recently announced that it has increased stake in Senseonics Holdings Inc. (AMEX:SENS) by 180.24%. After grabbing 1.5 million shares, the institutional investor is now in possession of 0.97 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 0.67% having worth around $0.72 million. Moreover, Highbridge Capital Management LLC increased its share by 1.0 million to have a control over 1.0 million shares.

    Senseonics Holdings Inc. (SENS) concluded trading on 08/27/20 at a closing price of $0.50, with 1.27 million shares of worth about $0.63 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -0.48% during that period and on Thursday the price saw a gain of about 0.53%. Currently the company’s common shares owned by public are about 220.31M shares, out of which, 174.14M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 7 analysts are covering the SENS stock and their offered price forecasts bring an average price target of $0.88. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $1.00 and could fall to a lowest price of $0.40. Analysts also issued an outlook of 1.90 for the Senseonics Holdings Inc. stock for next 12 months. However, touching the estimated high of $1.00 would mean a gain of 50.0% for the stock.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 66 times over the past 12 months. They bought 11,314,112 shares in 39 of the transactions. In 27 selling transactions, insiders dumped 2,730,396 shares.

    Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Fidelity Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Senseonics Holdings Inc. Vanguard Total Stock Market Index is currently holding 4.83 million shares of worth totaling $2.31 million. The company recently came buying 0.0 shares which brought its stake up to 2.16% of the company’s outstanding shares. Fidelity Small Cap Index Fund, after buying 0.71 million shares, have now control over 0.32% of the stake in the company. It holds 78617.0 shares of worth $0.34 million.

    Senseonics Holdings Inc. (AMEX: SENS) started trading at $0.51, above $0.02 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $0.50, or with a gain of 0.53%. Stock saw a price change of -0.48% in past 5 days and over the past one month there was a price change of 1.33%. Year-to-date (YTD), SENS shares are showing a performance of -45.80% which decreased to -51.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.36 but also hit the highest price of $1.78 during that period. While comparing its average daily trading volume of 3.29 million shares, we see that about 1.27 million changed hands on the day. The stock is currently trading 0.76% above its 20-day simple moving average (SMA20), while that difference is up 10.27% for SMA50 and it goes to -32.28% lower than SMA200.

    Millennium Management LLC acquired 1.5 million shares of Senseonics Holdings Inc. having value of about $0.72 million. Data submitted at the U.S SEC by Millennium Management LLC revealed that the firm now holds 0.97 million shares in the company valued at close to $482742.5, or have control over 180.24% stake in the company. Senseonics Holdings Inc. (AMEX: SENS) currently have 220.31M outstanding shares and institutions hold larger chunk of about 29.60% of that. Holding of mutual funds in the company is about 21.41% while other institutional holders and individual stake holders have control over 5.22% and 12.75% of the stake respectively.

    The stock has a current market capitalization of $120.73M and its 3Y-monthly beta is at 0.44. It has posted earnings per share of -$0.52 in the same period. It has Quick Ratio of 2.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SENS, volatility over the week remained 9.30% while standing at 9.00% over the month.

    Analysts are in expectations that Senseonics Holdings Inc. (SENS) stock would likely to be making an EPS of -$0.06 in the current quarter, while forecast for next quarter ESPS is -$0.06 and it is -$0.42 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.07 which is -$0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.1 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -2.60% while it is estimated to decrease by -16.70% in next year.

    Analysts at 7 brokerage firms have issued recommendations for the Senseonics Holdings Inc. (SENS)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.90. Out of those 7 Wall Street analysts, 4 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Craig Hallum on August 11, 2020 offering a Hold rating for the stock and assigned a target price of to it. Coverage by BTIG Research stated Senseonics Holdings Inc. (SENS) stock as a Buy in their note to investors on August 11, 2020, suggesting a price target of $1 for the stock. On March 13, 2020, Guggenheim Downgrade their recommendations, while on March 13, 2020, BTIG Research Downgrade their ratings for the stock with a price target of. Stock get a Hold rating from Craig Hallum on November 13, 2019.


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