Millennium Management LLC recently announced the acquisition of new stake in Senseonics Holdings Inc. (AMEX:SENS). The institutional investor has increased its shareholding in the Healthcare company by 180.24% to 1.5 million shares with purchase of 0.97 million shares. This fresh investment now brings its stake to 0.67% valued currently at $0.72 million. In addition, Highbridge Capital Management LLC raised its holdings by 1.0 million to 1.0 million shares.
With over 1.52 million Senseonics Holdings Inc. (SENS) shares trading Monday and a closing price of $0.47 on the day, the dollar volume was approximately $0.71 million. The shares have shown a negative weekly performance of -1.96% and its price on 08/31/20 lost nearly -1.49%. Currently, there are 220.31M common shares owned by the public and among those 174.14M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for SENS have a consensus price objective of $0.88. The analysts have set the share’s price value over the next 12 months at a high of $1.00 and a low of $0.40 should the stock experience a downside. Incidentally, analysts’ outlook for the Senseonics Holdings Inc. stock is 1.90 for the next 12 months. But an upside of 53.0% will see the stock hit the forecast high price target while mean target price for the stock is $1.00.
Insiders at the company have transacted a total of 66 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 39 of these insider trades were purchases, accounting for 11,314,112 shares. Insider sales of the common stock occurred on 27 occasions, with total insider shares sold totaling 2,730,396 shares.
The top 3 mutual fund holders in Senseonics Holdings Inc. are Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Fidelity Small Cap Index Fund. Vanguard Total Stock Market Index owns 4.83 million shares of the company’s stock, all valued at over $2.31 million. Fidelity Small Cap Index Fund bought 78617.0 shares to bring its total holdings to over 0.71 million shares at a value of $0.34 million. Fidelity Small Cap Index Fund now owns shares totaling to 0.32% of the shares outstanding.
Shares of Senseonics Holdings Inc. (AMEX: SENS) opened at $0.50, up $0.02 from a prior closing price of $0.48. However, the script later closed the day at $0.47, down -1.49%. The company’s stock has a 5-day price change of -1.96% and 7.93% over the past three months. SENS shares are trading -48.74% year to date (YTD), with the 12-month market performance down to -53.97% lower. It has a 12-month low price of $0.36 and touched a high of $1.78 over the same period. Currently, 1.52 million shares have been traded, compared to an average intraday trading volume of 3.20 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.58%, 3.81%, and -35.46% respectively.
Institutional ownership of Senseonics Holdings Inc. (AMEX: SENS) shares accounts for 29.60% of the company’s 220.31M shares outstanding. Mutual fund holders own 21.41%, while other institutional holders and individual stakeholders account for 5.22% and 12.75% respectively.
It has a market capitalization of $113.19M and a beta (3y monthly) value of 0.44. The earnings-per-share (ttm) stands at -$0.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.08% over the week and 8.54% over the month.
Analysts forecast that Senseonics Holdings Inc. (SENS) will achieve an EPS of -$0.06 for the current quarter, -$0.06 for the next quarter and -$0.42 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of -$0.05. Comparatively, EPS for the current quarter was -$0.1 a year ago. Earnings per share for the fiscal year are expected to decrease by -2.60%, and -16.70% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Senseonics Holdings Inc. (SENS) as a “Strong Buy” at a consensus score of 1.90. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 3 of the 7 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the SENS, a number of firms have released research notes about the stock. Craig Hallum stated their Hold rating for the stock in a research note on August 11, 2020, with the firm’s price target at. BTIG Research coverage for the Senseonics Holdings Inc. (SENS) stock in a research note released on August 11, 2020 offered a Buy rating with a price target of $1. Guggenheim was of a view on March 13, 2020 that the stock is Neutral, while BTIG Research gave the stock Neutral rating on March 13, 2020, issuing a price target of. Craig Hallum on their part issued Hold rating on November 13, 2019.